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Affordable
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These days, finding an affordable place to live in the 97540 area can be challenging. Home prices in 97540 are now at a median cost of $466,584, lower than the Oregon average of $502,078.
The average cost of rent is $1,490/mo in 97540, primarily driven by the current value of real estate in the 97540 area. In 97540, 41.61% of households rent, and 44.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97540 is $5,739 per month. Households that rent pay about 25.96% of their income on rent here. 97540’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
- 97535, OR: equally priced homes
- 97520, OR: higher priced homes
- 97504, OR: equally priced homes
- 97501, OR: less expensive homes
- 97530, OR: higher priced homes
- 97502, OR: less expensive homes
- 97544, OR: higher priced homes
- 97538, OR: less expensive homes
- 97543, OR: equally priced homes
- 97523, OR: less expensive homes
Zip Codes with Similar Populations
- 90211, CA: higher priced homes
- 13035, NY: less expensive homes
- 13224, NY: less expensive homes
- 13365, NY: less expensive homes
- 96712, HI: higher priced homes
- 15417, PA: less expensive homes
- 95018, CA: higher priced homes
- 94574, CA: higher priced homes
- 93625, CA: equally priced homes
- 93449, CA: higher priced homes
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