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12-month history
Last updated: October 17, 2026
What the numbers show
November. Asking rents in ZIP 97401 usually run 0.9% below trend in November and 0.5% above it in June, about $23 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 97401 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 97401 changed +3.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97401 rose 36.3% while median household income rose 38.1% ($37,662 to $52,022). Income kept ahead of rent.
Rent in ZIP 97401 is 39.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($52,022) is $1,301 a month. That is less than HUD's Fair Market Rent for a studio ($1,320).
1st cheapest of 6 ZIP codes in Eugene.
From Zillow's monthly rent index (ZORI) for ZIP 97401. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 97401 (Eugene, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 48.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97401 in Eugene, OR has changed in 5 years
The median rent in ZIP 97401 in Eugene, OR stood at $1,230 in 2021 and currently runs about $1,638, reflecting a 33.2% increase over the period. Household income in the area moved from $43,764 to $52,022 across the same window, up 18.9% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.3% since 2021, moving from about 47,867 residents to roughly 49,437. Renters now make up 70.9% of households, compared with 69.4% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 97401 in Eugene, OR look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 97401
Last updated: October 17, 2026
ZIP code 97401 covers Eugene, OR. The median rent here is $1,638/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,820/mo.
At 38% of local median household income ($52,022/yr), ZIP 97401 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.
Frequently asked questions
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How does ZIP 97401 compare to other ZIPs in Oregon?
How does ZIP 97401 compare to the rest of Eugene?
At $1,638/mo, rent takes ~38% of ZIP 97401's median household income ($52,022/yr). The standard benchmark is 30%.
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