How much is a home worth in ZIP code 97321?

The typical home in 97321 is worth $512,232, based on the Zillow Home Value Index.

Are home values rising in 97321?

Home values in 97321 are up 0.2% over the past year, and up 4.6% a year over five years.

What is the typical rent in 97321?

A typical home in 97321 rents for about $1,768 a month, a gross rental yield of 4.1%.

What is the property tax rate in 97321?

The effective property tax rate in 97321 is 0.9% — roughly $4,683 a year on a typical home.

ZIP code 97321 has a population of 30,672 and a median household income of $99,416.

HousingHandbookReference data

…

U.S. ZIP Code · OR97321

Linn County · Albany, OR

Typical home value

$512,232^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +4.6%
10-year / yr: +7.1%

Relative price

vs U.S.: +80.3%
vs metro: +15.3%
vs state: +11.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 97321 is worth $512,232 — 15.3% above the Albany, OR median. Over the past year, values have risen 0.2%. Homes here rent for a typical $1,768 a month — a 4.1% gross rental yield. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,768^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.9%^[3]
Typical annual tax: $4,683^[3]

#Climate risk

FEMA National Risk Index ratings for Linn County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Relatively Moderate
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Relatively Moderate

#Who lives here

Population: 30,672^[3]
Median household income: $99,416^[3]

#Migration

Household moves in and out of Linn County over a year, from IRS tax-return data.

Net migration: +567^[5]
Moved in: 4,061
Moved out: 3,494

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 9
Elementary: 6
Middle: 2
High: 1

West Albany High School
High · Grades 9–12 · Greater Albany Public SD 8J
1,282 students
Memorial Middle School
Middle · Grades 6–8 · Greater Albany Public SD 8J
526 students
North Albany Middle School
Middle · Grades 6–8 · Greater Albany Public SD 8J
474 students
Oak Grove Elementary School
Elementary · Grades K–5 · Greater Albany Public SD 8J
345 students
Liberty Elementary School
Elementary · Grades K–5 · Greater Albany Public SD 8J
304 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$21,215

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,590

Loan principal$409,785

Down payment$102,446

Total interest paid$522,659

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.93

Monthly cost to own$3,405

Monthly rent$1,768

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 67th percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

8th for fastest-growing in ORView list →

Frequently asked

How much is a home worth in ZIP code 97321?: The typical home in 97321 is worth $512,232, based on the Zillow Home Value Index.
Are home values rising in 97321?: Home values in 97321 are up 0.2% over the past year, and up 4.6% a year over five years.
What is the typical rent in 97321?: A typical home in 97321 rents for about $1,768 a month, a gross rental yield of 4.1%.
What is the property tax rate in 97321?: The effective property tax rate in 97321 is 0.9% — roughly $4,683 a year on a typical home.
Who lives in 97321?: ZIP code 97321 has a population of 30,672 and a median household income of $99,416.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

97345 vs 97321 →
Cascadia CDP, OR
Typical home
$487,217
Gross yield
—
97389 vs 97321 →
Tangent, OR
Typical home
$460,799
Gross yield
—
97374
Crabtree CDP, OR
Typical home
$573,570
Gross yield
—
97327
Brownsville, OR
Typical home
$444,411
Gross yield
—
97377
Shedd CDP, OR
Typical home
$591,590
Gross yield
—
97446
Harrisburg, OR
Typical home
$414,363
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97321

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