ZIP Code · OR

ZIP 97128

Part of McMinnville, OR

Pop. 38,664·Yamhill County·62nd most expensive ZIP in Oregon

Median rent (all units)

$1,776/mo

Year-over-Year

+7.3%

Month-over-Month

+2.9%

vs US Median

-$156

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97128 · $1,776

More affordable than 53% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Oregon

Rent in ZIP 97128 changed +7.2% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 6 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($75,896) is $1,897 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,800); a 3-bedroom is $2,470.

From Zillow's monthly rent index (ZORI) for ZIP 97128. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,312/yr

At $1,776/mo median

Location

CityMcMinnville

StateOR

CountyYamhill County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.3% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.3% YoY, +2.9% MoM), not inventory.

Demographics

Who lives here

ZIP 97128 (McMinnville, OR) is majority owner-occupied, has a large retiree population, 28.6% of residents hold a bachelor's degree or higher.

Population

38,664

Median income

$75,896

Median age

40.4

Renters

34.2%

Age distribution

22%

20.9%

24%

21.2%

Under 1822%

18–3420.9%

35–5424%

55–6411.9%

65+21.2%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

75.9%

18.7%

White75.9%

Black0.6%

Hispanic18.7%

Asian1.6%

Other3.3%

Education (25+)

24.7%

34.9%

28.6%

No HS diploma11.8%

HS diploma24.7%

Some college34.9%

Bachelor's+28.6%

Housing tenure

65.8%

34.2%

Owner65.8%

Renter34.2%

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

2021 vs 2026

How ZIP 97128 in McMinnville, OR has changed in 5 years

Income

$60,984 → $75,896

up 24.5%

Population

38,508 → 38,664

up 0.4%

Renter share

34% → 34.2%

+0.2 pts

Bachelor's+

28.8% → 28.6%

-0.2 pts

Median age

39.6 → 40.4

+0.8 yrs

On the earnings side, the typical household in ZIP 97128 in McMinnville, OR now reports about $75,896, up from $60,984 in 2021.

Community

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Local insights

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About renting in ZIP 97128

Last updated: October 17, 2026

ZIP code 97128 covers McMinnville, OR. The median rent here is $1,776/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,800/mo.

At 28% of local median household income ($75,896/yr), ZIP 97128 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97128?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,776/mo in ZIP 97128. The local median household income is $75,896/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97128?

Rent in ZIP 97128 has risen 7.3% over the past year.

How does ZIP 97128 compare to other ZIPs in Oregon?

ZIP 97128 is in the middle among Oregon ZIP codes for rent, ranking #62 of 114 at $1,776/mo. Over the year to September 2026, rent in ZIP 97128 changed +7.2%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.