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ZIP Code · OR

ZIP 97403

Part of Eugene, OR
Pop. 15,355·Lane County·60th most expensive ZIP in Oregon
Median rent (all units)
$1,738/mo
Year-over-Year
-27.6%
Month-over-Month
+2.7%
vs US Median
-$227
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97403 · $1,738
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,310
1 BR
$1,380
2 BR
$1,810
3 BR
$2,520
4 BR+
$3,040
Research median
$1,810/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
$20,856/yr
At $1,738/mo median
Location
CityEugene
StateOR
CountyLane County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 27.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-27.6% YoY, +2.7% MoM), not inventory.
Demographics

Who lives here

ZIP 97403 (Eugene, OR) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 59.2% of residents hold a bachelor's degree or higher.

Population
15,355
Median income
$45,417
Median age
22
Renters
61.6%
Age distribution
61.7%
12.3%
Under 189.5%
18–3461.7%
35–5412.3%
55–646.7%
65+9.8%
Gender
47.3%
52.7%
Male47.3%
Female52.7%
Race & ethnicity
74.5%
White74.5%
Black3.1%
Hispanic10.5%
Asian5.2%
Other6.8%
Education (25+)
24.7%
59.2%
No HS diploma6.1%
HS diploma10%
Some college24.7%
Bachelor's+59.2%
Housing tenure
38.4%
61.6%
Owner38.4%
Renter61.6%

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

2021 vs 2026

How ZIP 97403 in Eugene, OR has changed in 5 years

Income
$48,348 → $45,417
down 6.1%
Population
14,611 → 15,355
up 5.1%
Renter share
57.2% → 61.6%
+4.4 pts
Bachelor's+
62.1% → 59.2%
-2.9 pts

Household income in the area moved from $48,348 to $45,417 across the same window, down 6.1% versus 2021. The population has grown by 5.1% since 2021, moving from about 14,611 residents to roughly 15,355. Renters now make up 61.6% of households, compared with 57.2% five years ago. College-educated residents now make up 59.2% of adults here, versus 62.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 97403

About renting in ZIP 97403

Last updated: July 20, 2026

ZIP code 97403 covers Eugene, OR. The median rent here is $1,738/mo as of July 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,810/mo.

At 46% of local median household income ($45,417/yr), ZIP 97403 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 27.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97403?

As of July 20, 2026, the median monthly rent in ZIP 97403 (Eugene, OR) is $1,738. This is based on aggregated data from public sources and community submissions.

How does ZIP 97403 rent compare to the US average?

ZIP 97403's median rent of $1,738/mo is $227 (12%) below the US national median of $1,965/mo.

How does ZIP 97403 compare to other ZIPs in Oregon?

ZIP 97403 falls in the middle range for Oregon, ranking #60 out of 116 ZIPs at $1,738/mo.

How much income do you need to rent in ZIP 97403?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,738/mo in ZIP 97403. The local median household income is $45,417/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 97403?

Rent in ZIP 97403 has decreased 27.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97403 an affordable place to rent?

ZIP 97403 is considered stretched for renters. At $1,738/mo, rent takes approximately 46% of the local median household income ($45,417/yr). The standard benchmark is 30%. ZIP 97403 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 97403 residents rent vs. own?

According to Census data, approximately 61.6% of ZIP 97403 households are renters, while 38.4% are owner-occupied. With a majority renter population, ZIP 97403 has a strong rental market.

How does ZIP 97403 compare to the rest of Eugene?

ZIP 97403 is more affordable than Eugene overall. At $1,738/mo, it's $104 below the Eugene citywide median of $1,842/mo.

When was rent data for ZIP 97403 last updated?

Rent data for ZIP 97403 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
46%
STRETCHED

At $1,738/mo, rent takes ~46% of ZIP 97403's median household income ($45,417/yr). The standard benchmark is 30%.

ZIP 97403 46%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

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