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ZIP Code · OR

ZIP 97402

Part of Eugene, OR
Pop. 53,823·Lane County·46th most expensive ZIP in Oregon
Median rent (all units)
$1,805/mo
Year-over-Year
+5.6%
Month-over-Month
+0.8%
vs US Median
-$160
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97402 · $1,805
More affordable than 51% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,300
2 BR
$1,710
3 BR
$2,380
4 BR+
$2,870
Research median
$1,710/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
$21,660/yr
At $1,805/mo median
Location
CityEugene
StateOR
CountyLane County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.6% YoY, +0.8% MoM), not inventory.
Demographics

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.

Population
53,823
Median income
$57,658
Median age
37
Renters
49.3%
Age distribution
20.7%
26.5%
24.9%
16.1%
Under 1820.7%
18–3426.5%
35–5424.9%
55–6411.7%
65+16.1%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
76.2%
16.2%
White76.2%
Black1.8%
Hispanic16.2%
Asian2.1%
Other3.7%
Education (25+)
26.8%
38.7%
26%
No HS diploma8.5%
HS diploma26.8%
Some college38.7%
Bachelor's+26%
Housing tenure
50.7%
49.3%
Owner50.7%
Renter49.3%

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

2021 vs 2026

How ZIP 97402 in Eugene, OR has changed in 5 years

Rent
$1,333 → $1,805
up 35.4%
Income
$49,702 → $57,658
up 16.0%
Population
52,725 → 53,823
up 2.1%
Renter share
50.9% → 49.3%
-1.6 pts
Bachelor's+
25.4% → 26%
+0.6 pts
Median age
36 → 37
+1.0 yrs

Five years ago, renters in ZIP 97402 in Eugene, OR paid around $1,333 a month. That figure now sits near $1,805, up 35.4% 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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Local insights

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About renting in ZIP 97402

Last updated: July 20, 2026

ZIP code 97402 covers Eugene, OR. The median rent here is $1,805/mo as of July 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,710/mo.

At 38% of local median household income ($57,658/yr), ZIP 97402 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97402?

As of July 20, 2026, the median monthly rent in ZIP 97402 (Eugene, OR) is $1,805. This is based on aggregated data from public sources and community submissions.

How does ZIP 97402 rent compare to the US average?

ZIP 97402's median rent of $1,805/mo is $160 (8%) below the US national median of $1,965/mo.

How does ZIP 97402 compare to other ZIPs in Oregon?

ZIP 97402 falls in the middle range for Oregon, ranking #46 out of 116 ZIPs at $1,805/mo.

How much income do you need to rent in ZIP 97402?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,805/mo in ZIP 97402. The local median household income is $57,658/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 97402?

Rent in ZIP 97402 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 97402 an affordable place to rent?

ZIP 97402 is considered moderate for renters. At $1,805/mo, rent takes approximately 38% of the local median household income ($57,658/yr). The standard benchmark is 30%. ZIP 97402 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 97402 residents rent vs. own?

According to Census data, approximately 49.3% of ZIP 97402 households are renters, while 50.7% are owner-occupied. ZIP 97402 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97402 compare to the rest of Eugene?

ZIP 97402 is more affordable than Eugene overall. At $1,805/mo, it's $37 below the Eugene citywide median of $1,842/mo.

When was rent data for ZIP 97402 last updated?

Rent data for ZIP 97402 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
38%
MODERATE

At $1,805/mo, rent takes ~38% of ZIP 97402's median household income ($57,658/yr). The standard benchmark is 30%.

ZIP 97402 38%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97402 (Eugene, OR)

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