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Cottage Grove city, OR

ZIP 97424 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97424

Median Home Value
$349,700
Median Rent
$892
Affordability Snapshot
$96,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,246/mo PITI).

15%
Rent-to-Income Ratio

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

4.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

32.7 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 97424 in Cottage Grove city, OR, a household would need roughly $96,000 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 $2,246. That is about 33% above the local median household income ($71,985), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.2%+6% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
3.8%-75% vs US avg
x
Built Pre-1939
8.2%-36% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
24.1%-52% vs US avg
x
Mortgage-Free
32.2%-16% vs US avg
x
$349,700
Home Value
$892
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached68.7%
  • 1-unit attached4.3%
  • 2-9 units7.6%
  • 10+ units5.8%
  • Mobile home & other13.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$349,700
Median rent$892
Owner-occupied69.2%
Vacant6.2%
Price-to-income4.9x
Est. income to buy$96,000