Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 97405 usually run 1.8% below trend in January and 1.8% above it in July, about $70 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 97405 is at its highest level since Zillow's records here began in February 2016.
Rent in ZIP 97405 changed +3.7% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97405 rose 42.9% while median household income rose 37.5% ($69,200 to $95,170). Rent outpaced income.
Rent in ZIP 97405 is 48.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($95,170) is $2,379 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,810); a 3-bedroom is $2,520.
4th cheapest of 6 ZIP codes in Eugene.
From Zillow's monthly rent index (ZORI) for ZIP 97405. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97405 in Eugene, OR has changed in 5 years
The median rent in ZIP 97405 in Eugene, OR stood at $1,422 in 2021 and currently runs about $1,939, reflecting a 36.4% 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.
Discussions about ZIP 97405
No discussions yet. Start the conversation.
Tips for renters in ZIP 97405
Last updated: October 17, 2026
ZIP code 97405 covers Eugene, OR. The median rent here is $1,939/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 24% of local median household income ($95,170/yr), ZIP 97405 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 97405?
Is rent going up or down in ZIP 97405?
When is the cheapest time to rent in ZIP 97405?
Has rent outpaced income in ZIP 97405?
How does ZIP 97405 compare to other ZIPs in Oregon?
How does ZIP 97405 compare to the rest of Eugene?
At $1,939/mo, rent takes ~24% of ZIP 97405's median household income ($95,170/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.