ZIP Code · OR

ZIP 97138

Part of Gearhart, OR

Pop. 11,035·Clatsop County·105th most expensive ZIP in Oregon

Median rent (all units)

$1,500/mo

Year-over-Year

Stable

Month-over-Month

-9.3%

vs US Median

-$448

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97138 · $1,500

More affordable than 73% of US ZIP codes · National median $1,948/mo

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Medians by bedroom

Rent by unit size

Studio

$950

1 BR

$990

2 BR

$1,300

3 BR

$1,780

4 BR+

$2,180

Research median

$1,300/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($60,411) is $1,510 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,780.

From Zillow's monthly rent index (ZORI) for ZIP 97138. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,000/yr

At $1,500/mo median

Location

CityGearhart

StateOR

CountyClatsop County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -9.3% MoM), not inventory.

Demographics

Who lives here

ZIP 97138 (Gearhart, OR) is majority owner-occupied, has a large retiree population, has a median income below the national average, 32.6% of residents hold a bachelor's degree or higher.

Population

11,035

Median income

$60,411

Median age

48.6

Renters

41.7%

Age distribution

17.1%

16.4%

26%

13.5%

27%

Under 1817.1%

18–3416.4%

35–5426%

55–6413.5%

65+27%

Gender

49.5%

50.5%

Male49.5%

Female50.5%

Race & ethnicity

86.9%

White86.9%

Black1.1%

Hispanic9.3%

Asian2.5%

Education (25+)

24.5%

36.5%

32.6%

No HS diploma6.4%

HS diploma24.5%

Some college36.5%

Bachelor's+32.6%

Housing tenure

58.3%

41.7%

Owner58.3%

Renter41.7%

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

2021 vs 2026

How ZIP 97138 in Gearhart, OR has changed in 5 years

Income

$49,892 → $60,411

up 21.1%

Population

11,304 → 11,035

down 2.4%

Renter share

46.7% → 41.7%

-5.0 pts

Bachelor's+

25% → 32.6%

+7.6 pts

Median age

47.1 → 48.6

+1.5 yrs

On the earnings side, the typical household in ZIP 97138 in Gearhart, OR now reports about $60,411, up from $49,892 in 2021. Headcount in the area went from 11,304 to 11,035 between 2021 and 2024, a 2.4% change. About 41.7% of households rent today, against 46.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25% to 32.6%.

Community

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Local insights

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About renting in ZIP 97138

Last updated: September 25, 2026

ZIP code 97138 covers Gearhart, OR. The median rent here is $1,500/mo as of September 2026. A 1-bedroom rents for a median of $990/mo. A 2-bedroom rents for a median of $1,300/mo.

At 30% of local median household income ($60,411/yr), ZIP 97138 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97138?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,500/mo in ZIP 97138. The local median household income is $60,411/yr, so the typical household meets that bar.