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These days, finding an affordable place to live in the 97640 area can be challenging. Home prices in 97640 are now at a median cost of $253,900, lower than the Oregon average of $502,078.
The average cost of rent is $578/mo in 97640, primarily driven by the current value of real estate in the 97640 area. In 97640, 36.67% of households rent, and 62.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97640 is $5,390 per month. Households that rent pay about 10.72% of their income on rent here. 97640’s most expensive areas are in the eastern regions, while the cheapest areas are in the eastern 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
- 97604, OR: higher priced homes
- 97722, OR: higher priced homes
- 97721, OR: higher priced homes
- 97484, OR: equally priced homes
- 97429, OR: higher priced homes
- 97417, OR: higher priced homes
- 97457, OR: higher priced homes
- 97469, OR: equally priced homes
- 97416, OR: higher priced homes
- 97466, OR: less expensive homes
Zip Codes with Similar Populations
- 67627, KS: equally priced homes
- 71345, LA: less expensive homes
- 69036, NE: less expensive homes
- 68954, NE: less expensive homes
- 68751, NE: less expensive homes
- 68440, NE: less expensive homes
- 68380, NE: less expensive homes
- 68309, NE: less expensive homes
- 68001, NE: less expensive homes
- 67658, KS: less expensive homes
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