ZIP Code · OR

ZIP 97403

Part of Eugene, OR

Pop. 15,355·Lane County·42nd most expensive ZIP in Oregon

Median rent (all units)

$1,861/mo

Year-over-Year

+5.0%

Month-over-Month

+1.6%

vs US Median

-$71

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97403 · $1,861

More expensive than 53% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 97403 is at its highest level since Zillow's records here began in November 2022.

Past year vs. the rest of Oregon

Rent in ZIP 97403 changed +5.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($45,417) is $1,135 a month. That is less than HUD's Fair Market Rent for a studio ($1,310).

Rank in Eugene

3rd cheapest of 6 ZIP codes in Eugene.

Cheaper nearby

ZIP 97477, 3 miles away, rents for 13% less ($1,610/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 97403. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,332/yr

At $1,861/mo median

Location

CityEugene

StateOR

CountyLane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.0% YoY, +1.6% 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

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

2023 vs 2026

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

Rent

$1,540 → $1,861

up 20.8%

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

The median rent in ZIP 97403 in Eugene, OR stood at $1,540 in 2023 and currently runs about $1,861, reflecting a 20.8% increase over the period. Household income in the area moved from $48,348 to $45,417 across the same window, down 6.1% 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 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. Reading these numbers side by side helps frame whether current listings in ZIP 97403 in Eugene, OR look reasonable against where the market sat half a decade ago.

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About renting in ZIP 97403

Last updated: October 17, 2026

ZIP code 97403 covers Eugene, OR. The median rent here is $1,861/mo as of October 2026. A 1-bedroom rents for a median of $1,380/mo. A 2-bedroom rents for a median of $1,810/mo.

At 49% of local median household income ($45,417/yr), ZIP 97403 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

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 $74,000/year (about $36/hour full-time) to afford the median rent of $1,861/mo in ZIP 97403. The local median household income is $45,417/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 97403?

Rent in ZIP 97403 has risen 5.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in November 2022.

How does ZIP 97403 compare to other ZIPs in Oregon?

ZIP 97403 is in the middle among Oregon ZIP codes for rent, ranking #42 of 114 at $1,861/mo. Over the year to September 2026, rent in ZIP 97403 changed +5.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.