ZIP code 97116: income, home prices and cost of living

The median household income in ZIP 97116 is $80,985, which is 13% above the Oregon median of $71,930 and 18% above the national figure. The typical home is valued at $451,600, and the median rent is $1,281/month. 64.9% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$80,985

Oregon average
$71,93013%
National
$68,75018%

Median home value

$451,600

Oregon average
$373,60021%
National
$209,600115%

Median gross rent

$1,281

Oregon average
$1,1918%
National
$98430%

Median age

36.6 yrs

Oregon average
41.5 yrs12%
National
41.0 yrs11%

Homeownership rate

64.9%

Oregon average
71.2%9%
National
75.8%14%

Bachelor's degree or higher

20.8%

Oregon average
16.0%30%
National
15.9%31%

How ZIP 97116 compares with Oregon and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Homes in 97116 typically sell around $451,600. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in Oregon

97113971199712397124971289710397132971339713897140

Or compare 97116 with 97113.

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See every local figure on the Oregon money guide.

What people search about ZIP 97116

Searches for the cost of living in 97116, the median household income in 97116, average rent in 97116 and home values in this part of Oregon all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 97116, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.