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Affordable
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These days, finding an affordable place to live in the 97504 area can be challenging. Home prices in 97504 are now at a median cost of $471,502, lower than the Oregon average of $502,078.
The average cost of rent is $1,636/mo in 97504, primarily driven by the current value of real estate in the 97504 area. In 97504, 36.37% of households rent, and 30.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97504 is $7,519 per month. Households that rent pay about 21.76% of their income on rent here. 97504’s most expensive areas are in the eastern 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
- 97501, OR: less expensive homes
- 97535, OR: less expensive homes
- 97502, OR: less expensive homes
- 97540, OR: equally priced homes
- 97503, OR: less expensive homes
- 97524, OR: equally priced homes
- 97530, OR: higher priced homes
- 97525, OR: less expensive homes
- 97537, OR: less expensive homes
- 97544, OR: higher priced homes
Zip Codes with Similar Populations
- 33021, FL: less expensive homes
- 63301, MO: less expensive homes
- 60120, IL: less expensive homes
- 56001, MN: less expensive homes
- 47150, IN: less expensive homes
- 46032, IN: higher priced homes
- 44130, OH: less expensive homes
- 40324, KY: less expensive homes
- 33612, FL: less expensive homes
- 33321, FL: less expensive homes
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