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These days, finding an affordable place to live in the 97405 area can be challenging. Home prices in 97405 are now at a median cost of $551,929, higher than the Oregon average of $502,078.
The average cost of rent is $1,578/mo in 97405, primarily driven by the current value of real estate in the 97405 area. In 97405, 30.64% of households rent, and 39.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97405 is $8,243 per month. Households that rent pay about 19.14% of their income on rent here. 97405’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 97403, OR: higher priced homes
- 97401, OR: equally priced homes
- 97402, OR: less expensive homes
- 97477, OR: less expensive homes
- 97404, OR: less expensive homes
- 97408, OR: equally priced homes
- 97426, OR: equally priced homes
- 97478, OR: less expensive homes
- 97455, OR: higher priced homes
- 97487, OR: less expensive homes
Zip Codes with Similar Populations
- 39402, MS: less expensive homes
- 92648, CA: higher priced homes
- 92122, CA: higher priced homes
- 92111, CA: higher priced homes
- 91790, CA: higher priced homes
- 89502, NV: less expensive homes
- 89103, NV: less expensive homes
- 88101, NM: less expensive homes
- 55112, MN: less expensive homes
- 54956, WI: less expensive homes
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