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, OR

ZIP 97022 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97022

Median Home Value
$588,200
Median Rent
$1,119
Affordability Snapshot
$162,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,778/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

7.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

43.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97022 in OR, a household would need roughly $162,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,778. That is about 111% above the local median household income ($76,649), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.0%+24% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
95.4%+10% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
9.6%-25% vs US avg
x
Built Post-2014
1.7%-75% vs US avg
x
Rent Burden >30%
36.8%-26% vs US avg
x
Mortgage-Free
49.6%+30% vs US avg
x
$588,200
Home Value
$1,119
Rent
1980
Year Built
2000
Moved In

Residents have lived here since ~2000 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.4%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units1.5%
  • Mobile home & other35.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$588,200
Median rent$1,119
Owner-occupied81.0%
Vacant4.9%
Price-to-income7.7x
Est. income to buy$162,000