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These days, finding an affordable place to live in the 97531 area can be challenging. Home prices in 97531 are now at a median cost of $330,217, lower than the Oregon average of $502,078.
The average cost of rent is $1,209/mo in 97531, primarily driven by the current value of real estate in the 97531 area. In 97531, 20.63% of households rent, and 44.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97531 is $3,511 per month. Households that rent pay about 34.44% of their income on rent here. 97531’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 97523, OR: equally priced homes
- 97538, OR: equally priced homes
- 97534, OR: equally priced homes
- 97544, OR: higher priced homes
- 97530, OR: higher priced homes
- 97415, OR: higher priced homes
- 97535, OR: higher priced homes
- 97540, OR: higher priced homes
- 97520, OR: higher priced homes
- 97627, OR: equally priced homes
Zip Codes with Similar Populations
- 50271, IA: less expensive homes
- 74650, OK: less expensive homes
- 71674, AR: less expensive homes
- 66949, KS: less expensive homes
- 66711, KS: less expensive homes
- 56090, MN: less expensive homes
- 54846, WI: less expensive homes
- 54465, WI: less expensive homes
- 53580, WI: less expensive homes
- 52638, IA: less expensive homes
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