ZIP Code · OR

ZIP 97338

Part of Dallas, OR

Pop. 23,419·Polk County·106th most expensive ZIP in Oregon

Median rent (all units)

$1,498/mo

Year-over-Year

+2.3%

Month-over-Month

+0.5%

vs US Median

-$434

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97338 · $1,498

More affordable than 73% 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

$1,100

1 BR

$1,120

2 BR

$1,450

3 BR

$2,010

4 BR+

$2,170

Research median

$1,450/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 97338 changed +2.3% 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 5 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($78,858) is $1,971 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,450); a 3-bedroom is $2,010.

From Zillow's monthly rent index (ZORI) for ZIP 97338. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,976/yr

At $1,498/mo median

Location

CityDallas

StateOR

CountyPolk County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.3% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 97338 (Dallas, OR) is majority owner-occupied, has a large retiree population, 25.3% of residents hold a bachelor's degree or higher.

Population

23,419

Median income

$78,858

Median age

42.1

Renters

26.8%

Age distribution

17.7%

25.2%

21.8%

23.5%

Under 1817.7%

18–3425.2%

35–5421.8%

55–6411.8%

65+23.5%

Gender

47.7%

52.3%

Male47.7%

Female52.3%

Race & ethnicity

82.8%

White82.8%

Black1.1%

Hispanic10.6%

Other5.3%

Education (25+)

28%

39.3%

25.3%

No HS diploma7.4%

HS diploma28%

Some college39.3%

Bachelor's+25.3%

Housing tenure

73.2%

26.8%

Owner73.2%

Renter26.8%

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

2021 vs 2026

How ZIP 97338 in Dallas, OR has changed in 5 years

Income

$66,537 → $78,858

up 18.5%

Population

22,906 → 23,419

up 2.2%

Renter share

25% → 26.8%

+1.8 pts

Bachelor's+

26.5% → 25.3%

-1.2 pts

Median age

42.8 → 42.1

-0.7 yrs

Local incomes tracked alongside that move, going from a median of $66,537 in 2021 to $78,858 more recently. Headcount in the area went from 22,906 to 23,419 between 2021 and 2024, a 2.2% change. About 26.8% of households rent today, against 25% in 2021.

Community

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Local insights

Tips for renters in ZIP 97338

About renting in ZIP 97338

Last updated: October 17, 2026

ZIP code 97338 covers Dallas, OR. The median rent here is $1,498/mo as of October 2026. A 1-bedroom rents for a median of $1,120/mo. A 2-bedroom rents for a median of $1,450/mo.

At 23% of local median household income ($78,858/yr), ZIP 97338 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97338?

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 $1,498/mo in ZIP 97338. The local median household income is $78,858/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97338?

Rent in ZIP 97338 has risen 2.3% over the past year.

How does ZIP 97338 compare to other ZIPs in Oregon?

ZIP 97338 is one of the more affordable among Oregon ZIP codes for rent, ranking #106 of 114 at $1,498/mo. Over the year to September 2026, rent in ZIP 97338 changed +2.3%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.