ZIP Code · OR

ZIP 97132

Part of Newberg, OR

Pop. 32,486·Yamhill County·20th most expensive ZIP in Oregon

Median rent (all units)

$1,987/mo

Year-over-Year

+1.0%

Month-over-Month

+0.4%

vs US Median

+$55

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 97132 · $1,987

More expensive than 61% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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

Compared with the peak

Rent in ZIP 97132 is 0.9% below its high of $2,005 in August 2025, at $1,987 as of September 2026.

Past year vs. the rest of Oregon

Rent in ZIP 97132 changed +1.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($96,493) is $2,412 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 97132. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,844/yr

At $1,987/mo median

Location

CityNewberg

StateOR

CountyYamhill County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.0% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 97132 (Newberg, OR) is majority owner-occupied, has a median income above the national average, 38.4% of residents hold a bachelor's degree or higher.

Population

32,486

Median income

$96,493

Median age

36.9

Renters

35.8%

Age distribution

20%

27.7%

24.6%

18%

Under 1820%

18–3427.7%

35–5424.6%

55–649.6%

65+18%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

77.8%

15.1%

White77.8%

Black0.6%

Hispanic15.1%

Asian3.1%

Other3.4%

Education (25+)

23.9%

28.7%

38.4%

No HS diploma9%

HS diploma23.9%

Some college28.7%

Bachelor's+38.4%

Housing tenure

64.2%

35.8%

Owner64.2%

Renter35.8%

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

2023 vs 2026

How ZIP 97132 in Newberg, OR has changed in 5 years

Rent

$1,858 → $1,987

up 6.9%

Income

$86,019 → $96,493

up 12.2%

Population

30,995 → 32,486

up 4.8%

Renter share

31.2% → 35.8%

+4.6 pts

Bachelor's+

38.1% → 38.4%

+0.3 pts

Median age

36.1 → 36.9

+0.8 yrs

Across the past five years, the going rent in ZIP 97132 in Newberg, OR has shifted from $1,858 to $1,987, up 6.9% since 2023. Household income in the area moved from $86,019 to $96,493 across the same window, up 12.2% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 97132 in Newberg, OR adding about 1,491 residents over the five-year window, up 4.8% on net. The renter share has risen from 31.2% to 35.8%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 97132 in Newberg, OR look reasonable against where the market sat half a decade ago.

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About renting in ZIP 97132

Last updated: October 17, 2026

ZIP code 97132 covers Newberg, OR. The median rent here is $1,987/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 25% of local median household income ($96,493/yr), ZIP 97132 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97132?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,987/mo in ZIP 97132. The local median household income is $96,493/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97132?

Rent in ZIP 97132 has risen 1.0% over the past year as of September 2026. It sits 0.9% below its high of $2,005 in August 2025.

How does ZIP 97132 compare to other ZIPs in Oregon?

ZIP 97132 is one of the pricier among Oregon ZIP codes for rent, ranking #20 of 114 at $1,987/mo. Over the year to September 2026, rent in ZIP 97132 changed +1.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.