
Affordable
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These days, finding an affordable place to live in the 97840 area can be challenging. Home prices in 97840 are now at a median cost of $534,600, higher than the Oregon average of $502,078.
The average cost of rent is $614/mo in 97840, primarily driven by the current value of real estate in the 97840 area. In 97840, 31.15% of households rent, and 66.19% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 97840 is $5,717 per month. Households that rent pay about 10.74% of their income on rent here. 97840’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 97834, OR: less expensive homes
- 83654, ID: higher priced homes
- 83638, ID: higher priced homes
- 97867, OR: less expensive homes
- 97833, OR: less expensive homes
- 83677, ID: less expensive homes
- 97864, OR: less expensive homes
- 97874, OR: less expensive homes
- 83465, ID: less expensive homes
- 83468, ID: less expensive homes
Zip Codes with Similar Populations
- 62266, IL: less expensive homes
- 65436, MO: less expensive homes
- 65278, MO: less expensive homes
- 64433, MO: less expensive homes
- 63849, MO: less expensive homes
- 63674, MO: less expensive homes
- 63467, MO: less expensive homes
- 62965, IL: less expensive homes
- 62841, IL: less expensive homes
- 62344, IL: less expensive homes
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