ZIP Code · OR

ZIP 97420

Part of Coos Bay, OR

Pop. 27,621·Coos County·84th most expensive ZIP in Oregon

Median rent (all units)

$1,642/mo

Year-over-Year

+8.0%

Month-over-Month

+1.5%

vs US Median

-$290

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 97420 · $1,642

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$940

2 BR

$1,210

3 BR

$1,680

4 BR+

$2,030

Research median

$1,210/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

Past year vs. the rest of Oregon

Rent in ZIP 97420 changed +8.0% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($61,574) is $1,539 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,210); a 3-bedroom is $1,680.

From Zillow's monthly rent index (ZORI) for ZIP 97420. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,704/yr

At $1,642/mo median

Location

CityCoos Bay

StateOR

CountyCoos County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.0% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 97420 (Coos Bay, OR) is majority owner-occupied, has a large retiree population, has a median income below the national average, 21.2% of residents hold a bachelor's degree or higher.

Population

27,621

Median income

$61,574

Median age

44.8

Renters

32.7%

Age distribution

18.1%

19.6%

22.6%

15%

24.6%

Under 1818.1%

18–3419.6%

35–5422.6%

55–6415%

65+24.6%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

83.9%

White83.9%

Black0.9%

Hispanic9.8%

Asian1.4%

Other4.1%

Education (25+)

30.4%

38.3%

21.2%

No HS diploma10%

HS diploma30.4%

Some college38.3%

Bachelor's+21.2%

Housing tenure

67.3%

32.7%

Owner67.3%

Renter32.7%

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

2021 vs 2026

How ZIP 97420 in Coos Bay, OR has changed in 5 years

Income

$53,080 → $61,574

up 16.0%

Population

27,622 → 27,621

up 0.0%

Renter share

34.5% → 32.7%

-1.8 pts

Bachelor's+

18.7% → 21.2%

+2.5 pts

Median age

44.1 → 44.8

+0.7 yrs

Local incomes tracked alongside that move, going from a median of $53,080 in 2021 to $61,574 more recently. Renters now make up 32.7% of households, compared with 34.5% five years ago. College-educated residents now make up 21.2% of adults here, versus 18.7% in 2021.

Community

Discussions about ZIP 97420

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Local insights

Tips for renters in ZIP 97420

About renting in ZIP 97420

Last updated: October 17, 2026

ZIP code 97420 covers Coos Bay, OR. The median rent here is $1,642/mo as of October 2026. A 1-bedroom rents for a median of $940/mo. A 2-bedroom rents for a median of $1,210/mo.

At 32% of local median household income ($61,574/yr), ZIP 97420 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 97420?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,642/mo in ZIP 97420. The local median household income is $61,574/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 97420?

Rent in ZIP 97420 has risen 8.0% over the past year.

How does ZIP 97420 compare to other ZIPs in Oregon?

ZIP 97420 is one of the more affordable among Oregon ZIP codes for rent, ranking #84 of 114 at $1,642/mo. Over the year to September 2026, rent in ZIP 97420 changed +8.0%, against a typical +1.6% across the 106 Oregon ZIP codes Zillow tracks.