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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 97402 usually run 1% below trend in December and 1% above it in September, about $36 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 97402 is at its highest level since Zillow's records here began in December 2015.
Rent in ZIP 97402 changed +1.4% 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 97402 rose 41.7% while median household income rose 22.2% ($47,168 to $57,658). Rent outpaced income.
Rent in ZIP 97402 is 43.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 9 of the last 12 months.
30% of the median household income ($57,658) is $1,441 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,300); a 2-bedroom is $1,710.
2nd cheapest of 6 ZIP codes in Eugene.
From Zillow's monthly rent index (ZORI) for ZIP 97402. 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 97402 (Eugene, OR) is roughly split between renters and owners, has a median income below the national average, 26% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97402 in Eugene, OR has changed in 5 years
Five years ago, renters in ZIP 97402 in Eugene, OR paid around $1,348 a month. That figure now sits near $1,794, up 33.1% from the 2021 baseline. On the earnings side, the typical household in ZIP 97402 in Eugene, OR now reports about $57,658, up from $49,702 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 97402 in Eugene, OR adding about 1,098 residents over the five-year window, up 2.1% on net. The renter share has eased from 50.9% to 49.3%, with owner-occupied housing accounting for the remainder. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 97402 in Eugene, OR reflects that arc in its own way.
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Tips for renters in ZIP 97402
Last updated: October 17, 2026
ZIP code 97402 covers Eugene, OR. The median rent here is $1,794/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,710/mo.
At 37% of local median household income ($57,658/yr), ZIP 97402 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.4% over the past year.
Frequently asked questions
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How does ZIP 97402 compare to the rest of Eugene?
At $1,794/mo, rent takes ~37% of ZIP 97402's median household income ($57,658/yr). The standard benchmark is 30%.
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