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ZIP Code · OR

ZIP 97404

Part of Eugene, OR
Pop. 34,244·Lane County·64th most expensive ZIP in Oregon
Median rent (all units)
$1,729/mo
Year-over-Year
-5.9%
Month-over-Month
-0.9%
vs US Median
-$236
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 97404 · $1,729
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
$1,250
1 BR
$1,320
2 BR
$1,730
3 BR
$2,410
4 BR+
$2,900
Research median
$1,730/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
$20,748/yr
At $1,729/mo median
Location
CityEugene
StateOR
CountyLane County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.9% YoY, -0.9% MoM), not inventory.
Demographics

Who lives here

ZIP 97404 (Eugene, OR) is majority owner-occupied, has a large retiree population, 33% of residents hold a bachelor's degree or higher.

Population
34,244
Median income
$86,776
Median age
41.4
Renters
29.1%
Age distribution
19.3%
20%
27.7%
12.2%
20.7%
Under 1819.3%
18–3420%
35–5427.7%
55–6412.2%
65+20.7%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
80.6%
12.8%
White80.6%
Black1%
Hispanic12.8%
Asian2.5%
Other3.1%
Education (25+)
24.9%
34.7%
33%
No HS diploma7.4%
HS diploma24.9%
Some college34.7%
Bachelor's+33%
Housing tenure
70.9%
29.1%
Owner70.9%
Renter29.1%

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

2021 vs 2026

How ZIP 97404 in Eugene, OR has changed in 5 years

Income
$72,385 → $86,776
up 19.9%
Population
34,625 → 34,244
down 1.1%
Renter share
28.5% → 29.1%
+0.6 pts
Bachelor's+
31.5% → 33%
+1.5 pts
Median age
40.9 → 41.4
+0.5 yrs

Census figures show median household income at $86,776 today, compared with $72,385 five years earlier. Census counts show ZIP 97404 in Eugene, OR losing about 381 residents over the five-year window, down 1.1% on net.

Community

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Local insights

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About renting in ZIP 97404

Last updated: July 20, 2026

ZIP code 97404 covers Eugene, OR. The median rent here is $1,729/mo as of July 2026. A 1-bedroom rents for a median of $1,320/mo. A 2-bedroom rents for a median of $1,730/mo.

At 24% of local median household income ($86,776/yr), ZIP 97404 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97404?

As of July 20, 2026, the median monthly rent in ZIP 97404 (Eugene, OR) is $1,729. This is based on aggregated data from public sources and community submissions.

How does ZIP 97404 rent compare to the US average?

ZIP 97404's median rent of $1,729/mo is $236 (12%) below the US national median of $1,965/mo.

How does ZIP 97404 compare to other ZIPs in Oregon?

ZIP 97404 falls in the middle range for Oregon, ranking #64 out of 116 ZIPs at $1,729/mo.

How much income do you need to rent in ZIP 97404?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,729/mo in ZIP 97404. The local median household income is $86,776/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97404?

Rent in ZIP 97404 has decreased 5.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 97404 an affordable place to rent?

ZIP 97404 is considered very affordable for renters. At $1,729/mo, rent takes approximately 24% of the local median household income ($86,776/yr). The standard benchmark is 30%. ZIP 97404 falls comfortably within that range.

What percentage of ZIP 97404 residents rent vs. own?

According to Census data, approximately 29.1% of ZIP 97404 households are renters, while 70.9% are owner-occupied. ZIP 97404 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97404 compare to the rest of Eugene?

ZIP 97404 is more affordable than Eugene overall. At $1,729/mo, it's $113 below the Eugene citywide median of $1,842/mo.

When was rent data for ZIP 97404 last updated?

Rent data for ZIP 97404 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $1,729/mo, rent takes ~24% of ZIP 97404's median household income ($86,776/yr). The standard benchmark is 30%.

ZIP 97404 24%Benchmark 30%
State income tax4.75–9.9%
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Schools nearby

Public schools near ZIP 97404 (Eugene, OR)

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