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ZIP Code · OR

ZIP 97405

Part of Eugene, OR
Pop. 46,933·Lane County·11th most expensive ZIP in Oregon
Median rent (all units)
$2,217/mo
Year-over-Year
-0.5%
Month-over-Month
+7.9%
vs US Median
+$252
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 97405 · $2,217
More expensive than 70% 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
$26,604/yr
At $2,217/mo median
Location
CityEugene
StateOR
CountyLane County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-0.5% YoY, +7.9% MoM), not inventory.
Demographics

Who lives here

ZIP 97405 (Eugene, OR) is majority owner-occupied, has a large retiree population, has a median income above the national average, 59% of residents hold a bachelor's degree or higher.

Population
46,933
Median income
$95,170
Median age
46.4
Renters
29.2%
Age distribution
15.5%
20.9%
26.3%
12.7%
24.6%
Under 1815.5%
18–3420.9%
35–5426.3%
55–6412.7%
65+24.6%
Gender
49.3%
50.7%
Male49.3%
Female50.7%
Race & ethnicity
81.2%
White81.2%
Black1%
Hispanic7%
Asian3.4%
Other7.4%
Education (25+)
26.4%
59%
No HS diploma3.1%
HS diploma11.5%
Some college26.4%
Bachelor's+59%
Housing tenure
70.8%
29.2%
Owner70.8%
Renter29.2%

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

2021 vs 2026

How ZIP 97405 in Eugene, OR has changed in 5 years

Rent
$1,662 → $2,217
up 33.4%
Income
$79,018 → $95,170
up 20.4%
Population
45,838 → 46,933
up 2.4%
Renter share
29.3% → 29.2%
-0.1 pts
Bachelor's+
56.4% → 59%
+2.6 pts
Median age
44.9 → 46.4
+1.5 yrs

The median rent in ZIP 97405 in Eugene, OR stood at $1,662 in 2021 and currently runs about $2,217, reflecting a 33.4% increase over the period. Local incomes tracked alongside that move, going from a median of $79,018 in 2021 to $95,170 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.4% since 2021, moving from about 45,838 residents to roughly 46,933. College-educated residents now make up 59% of adults here, versus 56.4% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 97405 in Eugene, OR market of 2021.

Community

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Local insights

Tips for renters in ZIP 97405

About renting in ZIP 97405

Last updated: July 20, 2026

ZIP code 97405 covers Eugene, OR. The median rent here is $2,217/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 28% of local median household income ($95,170/yr), ZIP 97405 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97405?

As of July 20, 2026, the median monthly rent in ZIP 97405 (Eugene, OR) is $2,217. This is based on aggregated data from public sources and community submissions.

How does ZIP 97405 rent compare to the US average?

ZIP 97405's median rent of $2,217/mo is $252 (13%) above the US national median of $1,965/mo.

How does ZIP 97405 compare to other ZIPs in Oregon?

ZIP 97405 is one of the pricier ZIP codes in Oregon, ranking #11 out of 116 ZIPs tracked at $2,217/mo.

How much income do you need to rent in ZIP 97405?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,217/mo in ZIP 97405. The local median household income is $95,170/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97405?

Rent in ZIP 97405 has been relatively stable over the past year, with a 0.5% change year over year as of July 20, 2026.

Is ZIP 97405 an affordable place to rent?

ZIP 97405 is considered affordable for renters. At $2,217/mo, rent takes approximately 28% of the local median household income ($95,170/yr). The standard benchmark is 30%. ZIP 97405 falls comfortably within that range.

What percentage of ZIP 97405 residents rent vs. own?

According to Census data, approximately 29.2% of ZIP 97405 households are renters, while 70.8% are owner-occupied. ZIP 97405 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97405 compare to the rest of Eugene?

ZIP 97405 is pricier than Eugene as a whole. At $2,217/mo, it's $375 above the Eugene citywide median of $1,842/mo.

When was rent data for ZIP 97405 last updated?

Rent data for ZIP 97405 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,217/mo, rent takes ~28% of ZIP 97405's median household income ($95,170/yr). The standard benchmark is 30%.

ZIP 97405 28%Benchmark 30%
State income tax4.75–9.9%
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Public schools near ZIP 97405 (Eugene, OR)

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