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These days, finding an affordable place to live in the 97416 area can be challenging. Home prices in 97416 are now at a median cost of $284,905, lower than the Oregon average of $502,078.
The average cost of rent is $1,018/mo in 97416, primarily driven by the current value of real estate in the 97416 area. In 97416, 13.64% of households rent, and 70.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97416 is $4,828 per month. Households that rent pay about 21.08% of their income on rent here. 97416’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 97481, OR: equally priced homes
- 97432, OR: less expensive homes
- 97496, OR: equally priced homes
- 97469, OR: less expensive homes
- 97457, OR: equally priced homes
- 97458, OR: equally priced homes
- 97417, OR: equally priced homes
- 97414, OR: less expensive homes
- 97423, OR: higher priced homes
- 97429, OR: higher priced homes
Zip Codes with Similar Populations
- 97346, OR: higher priced homes
- 31090, GA: less expensive homes
- 31207, GA: less expensive homes
- 31307, GA: less expensive homes
- 34216, FL: higher priced homes
- 35552, AL: less expensive homes
- 36585, AL: less expensive homes
- 36740, AL: less expensive homes
- 37688, TN: less expensive homes
- 38061, TN: less expensive homes
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