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ZIP Code · OR

ZIP 97038

Part of Molalla, OR
Pop. 16,440·Clackamas County·32nd most expensive ZIP in Oregon
Median rent (all units)
$1,859/mo
Year-over-Year
Stable
Month-over-Month
+5.3%
vs US Median
-$106
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97038 · $1,859
More expensive than 53% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,580
2 BR
$1,800
3 BR
$2,470
4 BR+
$2,900
Research median
$1,800/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$22,308/yr
At $1,859/mo median
Location
StateOR
CountyClackamas County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +5.3% MoM), not inventory.
Demographics

Who lives here

ZIP 97038 (Molalla, OR) is majority owner-occupied, has a median income above the national average, 20.4% of residents hold a bachelor's degree or higher.

Population
16,440
Median income
$89,564
Median age
35.1
Renters
35.2%
Age distribution
24.7%
25.1%
26.4%
14%
Under 1824.7%
18–3425.1%
35–5426.4%
55–649.7%
65+14%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
88%
White88%
Hispanic6.8%
Asian1%
Other4.2%
Education (25+)
13.6%
32.3%
33.7%
20.4%
No HS diploma13.6%
HS diploma32.3%
Some college33.7%
Bachelor's+20.4%
Housing tenure
64.8%
35.2%
Owner64.8%
Renter35.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97038 in Molalla, OR has changed in 5 years

Income
$80,530 → $89,564
up 11.2%
Population
16,429 → 16,440
up 0.1%
Renter share
28.2% → 35.2%
+7.0 pts
Bachelor's+
18.1% → 20.4%
+2.3 pts
Median age
37.9 → 35.1
-2.8 yrs

Local incomes tracked alongside that move, going from a median of $80,530 in 2021 to $89,564 more recently. The renter share has risen from 28.2% to 35.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 18.1% to 20.4% across the same window.

Community

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Local insights

Tips for renters in ZIP 97038

About renting in ZIP 97038

Last updated: June 22, 2026

ZIP code 97038 covers Molalla, OR. The median rent here is $1,859/mo as of June 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 25% of local median household income ($89,564/yr), ZIP 97038 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97038?

As of June 22, 2026, the median monthly rent in ZIP 97038 (Molalla, OR) is $1,859. This is based on aggregated data from public sources and community submissions.

How does ZIP 97038 rent compare to the US average?

ZIP 97038's median rent of $1,859/mo is $106 (5%) below the US national median of $1,965/mo.

How does ZIP 97038 compare to other ZIPs in Oregon?

ZIP 97038 is one of the pricier ZIP codes in Oregon, ranking #32 out of 115 ZIPs tracked at $1,859/mo.

How much income do you need to rent in ZIP 97038?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,859/mo in ZIP 97038. The local median household income is $89,564/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97038?

Rent in ZIP 97038 has been relatively stable over the past year, with a 0.0% change year over year as of June 22, 2026.

Is ZIP 97038 an affordable place to rent?

ZIP 97038 is considered affordable for renters. At $1,859/mo, rent takes approximately 25% of the local median household income ($89,564/yr). The standard benchmark is 30%. ZIP 97038 falls comfortably within that range.

What percentage of ZIP 97038 residents rent vs. own?

According to Census data, approximately 35.2% of ZIP 97038 households are renters, while 64.8% are owner-occupied. ZIP 97038 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97038 compare to the rest of Molalla?

ZIP 97038 sits right at the Molalla citywide median of $1,859/mo.

When was rent data for ZIP 97038 last updated?

Rent data for ZIP 97038 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,859/mo, rent takes ~25% of ZIP 97038's median household income ($89,564/yr). The standard benchmark is 30%.

ZIP 97038 25%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97038 (Molalla, OR)

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