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These days, finding an affordable place to live in the 97406 area can be challenging. Home prices in 97406 are now at a median cost of $307,602, lower than the Oregon average of $502,078.
The average cost of rent is $871/mo in 97406, primarily driven by the current value of real estate in the 97406 area. In 97406, 3.84% of households rent, and 58.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97406 is $4,748 per month. Households that rent pay about 18.34% of their income on rent here. 97406’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 97444, OR: higher priced homes
- 97532, OR: higher priced homes
- 97497, OR: higher priced homes
- 97526, OR: higher priced homes
- 97527, OR: higher priced homes
- 97537, OR: higher priced homes
- 97525, OR: higher priced homes
- 97503, OR: equally priced homes
- 97539, OR: higher priced homes
- 97524, OR: higher priced homes
Zip Codes with Similar Populations
- 81638, CO: higher priced homes
- 59916, MT: higher priced homes
- 60437, IL: less expensive homes
- 61519, IL: less expensive homes
- 62083, IL: less expensive homes
- 62334, IL: less expensive homes
- 79755, TX: less expensive homes
- 80546, CO: higher priced homes
- 80622, CO: higher priced homes
- 80757, CO: less expensive homes
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