ZIP Code · OR

ZIP 97370

Part of Philomath, OR

Pop. 9,521·Benton County·22nd most expensive ZIP in Oregon

Median rent (all units)

$1,974/mo

Year-over-Year

Stable

Month-over-Month

-1.0%

vs US Median

+$42

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 97370 · $1,974

More expensive than 60% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,260

2 BR

$1,590

3 BR

$2,210

4 BR+

$2,490

Research median

$1,590/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 97370 changed 0.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($88,091) is $2,202 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,590); a 3-bedroom is $2,210.

From Zillow's monthly rent index (ZORI) for ZIP 97370. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,688/yr

At $1,974/mo median

Location

CityPhilomath

StateOR

CountyBenton County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 0.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.0% YoY, -1.0% MoM), not inventory.

Demographics

Who lives here

ZIP 97370 (Philomath, OR) is majority owner-occupied, has a large retiree population, 47.2% of residents hold a bachelor's degree or higher.

Population

9,521

Median income

$88,091

Median age

44.5

Renters

20.9%

Age distribution

16.5%

20.7%

23.1%

15.7%

24.1%

Under 1816.5%

18–3420.7%

35–5423.1%

55–6415.7%

65+24.1%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

85.7%

White85.7%

Hispanic4.6%

Asian2.3%

Other7.3%

Education (25+)

16.7%

31.8%

47.2%

No HS diploma4.3%

HS diploma16.7%

Some college31.8%

Bachelor's+47.2%

Housing tenure

79.1%

20.9%

Owner79.1%

Renter20.9%

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

2021 vs 2026

How ZIP 97370 in Philomath, OR has changed in 5 years

Income

$84,792 → $88,091

up 3.9%

Population

9,378 → 9,521

up 1.5%

Renter share

24.8% → 20.9%

-3.9 pts

Bachelor's+

45.2% → 47.2%

+2.0 pts

Median age

42.8 → 44.5

+1.7 yrs

Census figures show median household income at $88,091 today, compared with $84,792 five years earlier. The population has grown by 1.5% since 2021, moving from about 9,378 residents to roughly 9,521. Renters now make up 20.9% of households, compared with 24.8% five years ago. College-educated residents now make up 47.2% of adults here, versus 45.2% in 2021.

Community

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Local insights

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About renting in ZIP 97370

Last updated: October 17, 2026

ZIP code 97370 covers Philomath, OR. The median rent here is $1,974/mo as of October 2026. A 1-bedroom rents for a median of $1,260/mo. A 2-bedroom rents for a median of $1,590/mo.

At 27% of local median household income ($88,091/yr), ZIP 97370 ranks as affordable 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 97370?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,974/mo in ZIP 97370. The local median household income is $88,091/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 97370?

Rent in ZIP 97370 has been roughly flat over the past year, a 0.0% change.

How does ZIP 97370 compare to other ZIPs in Oregon?

ZIP 97370 is one of the pricier among Oregon ZIP codes for rent, ranking #22 of 114 at $1,974/mo. Over the year to September 2026, rent in ZIP 97370 changed 0.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.