ZIP Code · OR

ZIP 97365

Part of Newport, OR

Pop. 11,066·Lincoln County·28th most expensive ZIP in Oregon

Median rent (all units)

$1,945/mo

Year-over-Year

Stable

Month-over-Month

+1.2%

vs US Median

-$3

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97365 · $1,945

More expensive than 58% of US ZIP codes · National median $1,948/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,130

1 BR

$1,140

2 BR

$1,490

3 BR

$2,060

4 BR+

$2,500

Research median

$1,490/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 ($64,363) is $1,609 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,490); a 3-bedroom is $2,060.

From Zillow's monthly rent index (ZORI) for ZIP 97365. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,340/yr

At $1,945/mo median

Location

CityNewport

StateOR

CountyLincoln County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 97365 (Newport, OR) is majority owner-occupied, has a large retiree population, has a median income below the national average, 31.4% of residents hold a bachelor's degree or higher.

Population

11,066

Median income

$64,363

Median age

51.5

Renters

39.6%

Age distribution

14.6%

16.1%

24.8%

14.4%

30.2%

Under 1814.6%

18–3416.1%

35–5424.8%

55–6414.4%

65+30.2%

Gender

45.1%

54.9%

Male45.1%

Female54.9%

Race & ethnicity

76.5%

14.5%

White76.5%

Black0.9%

Hispanic14.5%

Asian2.3%

Other5.8%

Education (25+)

19.9%

40%

31.4%

No HS diploma8.8%

HS diploma19.9%

Some college40%

Bachelor's+31.4%

Housing tenure

60.4%

39.6%

Owner60.4%

Renter39.6%

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

2021 vs 2026

How ZIP 97365 in Newport, OR has changed in 5 years

Income

$53,072 → $64,363

up 21.3%

Population

10,761 → 11,066

up 2.8%

Renter share

38.6% → 39.6%

+1.0 pts

Bachelor's+

31.6% → 31.4%

-0.2 pts

Median age

48.5 → 51.5

+3.0 yrs

On the earnings side, the typical household in ZIP 97365 in Newport, OR now reports about $64,363, up from $53,072 in 2021. Headcount in the area went from 10,761 to 11,066 between 2021 and 2024, a 2.8% change.

Community

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Local insights

Tips for renters in ZIP 97365

About renting in ZIP 97365

Last updated: September 25, 2026

ZIP code 97365 covers Newport, OR. The median rent here is $1,945/mo as of September 2026. A 1-bedroom rents for a median of $1,140/mo. A 2-bedroom rents for a median of $1,490/mo.

At 36% of local median household income ($64,363/yr), ZIP 97365 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 97365?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,945/mo in ZIP 97365. The local median household income is $64,363/yr, so the typical household falls short of that bar.