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ZIP Code · OR

ZIP 97361

Part of Monmouth, OR
Pop. 14,488·Polk County·107th most expensive ZIP in Oregon
Median rent (all units)
$1,509/mo
Year-over-Year
+12.9%
Month-over-Month
-5.0%
vs US Median
-$456
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97361 · $1,509
More affordable than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,100
1 BR
$1,160
2 BR
$1,480
3 BR
$2,080
4 BR+
$2,250
Research median
$1,480/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: July 20, 2026

Annual cost
$18,108/yr
At $1,509/mo median
Location
StateOR
CountyPolk County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (12.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+12.9% YoY, -5.0% MoM), not inventory.
Demographics

Who lives here

ZIP 97361 (Monmouth, OR) is majority owner-occupied, skews toward younger working-age adults, 28.8% of residents hold a bachelor's degree or higher.

Population
14,488
Median income
$69,505
Median age
29.8
Renters
43.4%
Age distribution
19.7%
35.3%
18.8%
16.3%
Under 1819.7%
18–3435.3%
35–5418.8%
55–649.9%
65+16.3%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
77.2%
18.5%
White77.2%
Black1.5%
Hispanic18.5%
Asian1.5%
Other1.3%
Education (25+)
23.7%
41.4%
28.8%
No HS diploma6.1%
HS diploma23.7%
Some college41.4%
Bachelor's+28.8%
Housing tenure
56.6%
43.4%
Owner56.6%
Renter43.4%

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

2021 vs 2026

How ZIP 97361 in Monmouth, OR has changed in 5 years

Income
$59,896 → $69,505
up 16.0%
Population
12,879 → 14,488
up 12.5%
Renter share
51.9% → 43.4%
-8.5 pts
Bachelor's+
30% → 28.8%
-1.2 pts
Median age
28 → 29.8
+1.8 yrs

Census figures show median household income at $69,505 today, compared with $59,896 five years earlier. Headcount in the area went from 12,879 to 14,488 between 2021 and 2024, a 12.5% change. About 43.4% of households rent today, against 51.9% in 2021.

Community

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Local insights

Tips for renters in ZIP 97361

About renting in ZIP 97361

Last updated: July 20, 2026

ZIP code 97361 covers Monmouth, OR. The median rent here is $1,509/mo as of July 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,480/mo.

At 26% of local median household income ($69,505/yr), ZIP 97361 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97361?

As of July 20, 2026, the median monthly rent in ZIP 97361 (Monmouth, OR) is $1,509. This is based on aggregated data from public sources and community submissions.

How does ZIP 97361 rent compare to the US average?

ZIP 97361's median rent of $1,509/mo is $456 (23%) below the US national median of $1,965/mo.

How does ZIP 97361 compare to other ZIPs in Oregon?

ZIP 97361 is among the more affordable ZIP codes in Oregon, ranking #107 out of 116 ZIPs at $1,509/mo.

How much income do you need to rent in ZIP 97361?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,509/mo in ZIP 97361. The local median household income is $69,505/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97361?

Rent in ZIP 97361 has increased 12.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97361 an affordable place to rent?

ZIP 97361 is considered affordable for renters. At $1,509/mo, rent takes approximately 26% of the local median household income ($69,505/yr). The standard benchmark is 30%. ZIP 97361 falls comfortably within that range.

What percentage of ZIP 97361 residents rent vs. own?

According to Census data, approximately 43.4% of ZIP 97361 households are renters, while 56.6% are owner-occupied. ZIP 97361 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97361 compare to the rest of Monmouth?

ZIP 97361 is pricier than Monmouth as a whole. At $1,509/mo, it's $7 above the Monmouth citywide median of $1,502/mo.

When was rent data for ZIP 97361 last updated?

Rent data for ZIP 97361 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,509/mo, rent takes ~26% of ZIP 97361's median household income ($69,505/yr). The standard benchmark is 30%.

ZIP 97361 26%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97361 (Monmouth, OR)

Recent submissions

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