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ZIP 97308 — Housing & Real Estate

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

Working Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97308

Median Home Value
$395,400
Median Rent
$1,167
Affordability Snapshot
$109,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,540/mo PITI).

24%
Rent-to-Income Ratio

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

6.7x
Home Price-to-Income Ratio

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

28.2 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 97308, a household would need roughly $109,000 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 $2,540. That is about 84% above the local median household income ($59,375), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
22.4%-66% vs US avg
x
Vacancy Rate
3.8%-63% vs US avg
x
Broadband Access
78.3%-10% vs US avg
x
4+ Bedrooms
4.6%-69% vs US avg
x
Built Pre-1939
4.2%-68% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
21.0%-58% vs US avg
x
Mortgage-Free
17.8%-53% vs US avg
x
$395,400
Home Value
$1,167
Rent
1970
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached20.9%
  • 1-unit attached3.0%
  • 2-9 units9.7%
  • 10+ units60.3%
  • Mobile home & other6.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$395,400
Median rent$1,167
Owner-occupied22.4%
Vacant3.8%
Price-to-income6.7x
Est. income to buy$109,000