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These days, finding an affordable place to live in the 97501 area can be challenging. Home prices in 97501 are now at a median cost of $350,200, lower than the Oregon average of $502,078.
The average cost of rent is $1,491/mo in 97501, primarily driven by the current value of real estate in the 97501 area. In 97501, 45.71% of households rent, and 35.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97501 is $5,742 per month. Households that rent pay about 25.96% of their income on rent here. 97501’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 97504, OR: higher priced homes
- 97535, OR: higher priced homes
- 97502, OR: higher priced homes
- 97540, OR: higher priced homes
- 97530, OR: higher priced homes
- 97503, OR: equally priced homes
- 97524, OR: higher priced homes
- 97525, OR: higher priced homes
- 97537, OR: higher priced homes
- 97544, OR: higher priced homes
Zip Codes with Similar Populations
- 44646, OH: less expensive homes
- 63031, MO: less expensive homes
- 55104, MN: equally priced homes
- 53704, WI: less expensive homes
- 49423, MI: less expensive homes
- 49201, MI: less expensive homes
- 48843, MI: equally priced homes
- 48219, MI: less expensive homes
- 48066, MI: less expensive homes
- 47130, IN: less expensive homes
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