ZIP Code · OR

ZIP 97351

Part of Independence, OR

Pop. 11,454·Polk County·28th most expensive ZIP in Oregon

Median rent (all units)

$1,929/mo

Year-over-Year

+1.6%

Month-over-Month

+0.9%

vs US Median

-$3

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97351 · $1,929

More expensive than 57% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,370

1 BR

$1,390

2 BR

$1,810

3 BR

$2,510

4 BR+

$2,710

Research median

$1,810/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 97351 changed +1.6% 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 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($88,519) is $2,213 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,810); a 3-bedroom is $2,510.

Cheaper nearby

ZIP 97302, 7 miles away, rents for 21% less ($1,520/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97351. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,148/yr

At $1,929/mo median

Location

CityIndependence

StateOR

CountyPolk County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.6% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 97351 (Independence, OR) is majority owner-occupied, skews toward younger working-age adults, 28% of residents hold a bachelor's degree or higher.

Population

11,454

Median income

$88,519

Median age

32.2

Renters

43.3%

Age distribution

22.4%

31.6%

24.8%

Under 1822.4%

18–3431.6%

35–5424.8%

55–649.8%

65+11.3%

Gender

51.6%

48.4%

Male51.6%

Female48.4%

Race & ethnicity

64%

36.7%

White64%

Black0.5%

Hispanic36.7%

Asian1%

Education (25+)

13.7%

23.1%

35.2%

28%

No HS diploma13.7%

HS diploma23.1%

Some college35.2%

Bachelor's+28%

Housing tenure

56.7%

43.3%

Owner56.7%

Renter43.3%

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

2021 vs 2026

How ZIP 97351 in Independence, OR has changed in 5 years

Income

$66,962 → $88,519

up 32.2%

Population

10,760 → 11,454

up 6.4%

Renter share

38.5% → 43.3%

+4.8 pts

Bachelor's+

19.9% → 28%

+8.1 pts

Median age

30.9 → 32.2

+1.3 yrs

Household income in the area moved from $66,962 to $88,519 across the same window, up 32.2% versus 2021. The population has grown by 6.4% since 2021, moving from about 10,760 residents to roughly 11,454. Renters now make up 43.3% of households, compared with 38.5% five years ago. College-educated residents now make up 28% of adults here, versus 19.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 97351

About renting in ZIP 97351

Last updated: October 17, 2026

ZIP code 97351 covers Independence, OR. The median rent here is $1,929/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,810/mo.

At 26% of local median household income ($88,519/yr), ZIP 97351 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97351?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,929/mo in ZIP 97351. The local median household income is $88,519/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97351?

Rent in ZIP 97351 has risen 1.6% over the past year.

How does ZIP 97351 compare to other ZIPs in Oregon?

ZIP 97351 is one of the pricier among Oregon ZIP codes for rent, ranking #28 of 114 at $1,929/mo. Over the year to September 2026, rent in ZIP 97351 changed +1.6%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.