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These days, finding an affordable place to live in the 97503 area can be challenging. Home prices in 97503 are now at a median cost of $334,401, lower than the Oregon average of $502,078.
The average cost of rent is $1,462/mo in 97503, primarily driven by the current value of real estate in the 97503 area. In 97503, 16.53% of households rent, and 43.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97503 is $6,431 per month. Households that rent pay about 22.73% of their income on rent here. 97503’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern 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
- 97524, OR: higher priced homes
- 97502, OR: higher priced homes
- 97504, OR: higher priced homes
- 97501, OR: equally priced homes
- 97525, OR: higher priced homes
- 97522, OR: higher priced homes
- 97537, OR: higher priced homes
- 97526, OR: higher priced homes
- 97527, OR: higher priced homes
- 97532, OR: higher priced homes
Zip Codes with Similar Populations
- 02921, RI: higher priced homes
- 85501, AZ: less expensive homes
- 89060, NV: less expensive homes
- 90040, CA: higher priced homes
- 92075, CA: higher priced homes
- 19030, PA: higher priced homes
- 18353, PA: less expensive homes
- 18055, PA: equally priced homes
- 17103, PA: less expensive homes
- 95814, CA: higher priced homes
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