How much is a home worth in ZIP code 97386?

The typical home in 97386 is worth $352,151, based on the Zillow Home Value Index.

Are home values rising in 97386?

Home values in 97386 are up 0.2% over the past year, and up 4.6% a year over five years.

What is the typical rent in 97386?

A typical home in 97386 rents for about $1,250 a month, a gross rental yield of 4.3%.

What is the property tax rate in 97386?

The effective property tax rate in 97386 is 0.8% — roughly $2,703 a year on a typical home.

ZIP code 97386 has a population of 15,225 and a median household income of $64,669.

HousingHandbookReference data

…

U.S. ZIP Code · OR97386

Linn County · Albany, OR

Typical home value

$352,151^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.2%
5-year / yr: +4.6%
10-year / yr: +8.8%

Relative price

vs U.S.: +24.0%
vs metro: -20.8%
vs state: -23.4%

Price history

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

The typical home in 97386 is worth $352,151 — 20.8% below the Albany, OR median. Over the past year, values have risen 0.2%. Homes here rent for a typical $1,250 a month — a 4.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,250^[2]
Gross yield: 4.3%^[2]
Cap rate: 2.6%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,703^[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: 15,225^[3]
Median household income: $64,669^[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: 6
Elementary: 4
Middle: 1
High: 1

Sweet Home High School
High · Grades 9–12 · Sweet Home SD 55
726 students
Sweet Home Junior High School
Middle · Grades 7–8 · Sweet Home SD 55
382 students
Oak Heights Elementary School
Elementary · Grades K–6 · Sweet Home SD 55
300 students
Hawthorne Elementary School
Elementary · Grades K–6 · Sweet Home SD 55
279 students
Holley Elementary School
Elementary · Grades K–6 · Sweet Home SD 55
164 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 yield4.3%

Net yield (after ~40% expenses)2.6%

Annual rent$15,000

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$1,781

Loan principal$281,721

Down payment$70,430

Total interest paid$359,319

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 ratio1.84

Monthly cost to own$2,300

Monthly rent$1,250

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: 75th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97386?: The typical home in 97386 is worth $352,151, based on the Zillow Home Value Index.
Are home values rising in 97386?: Home values in 97386 are up 0.2% over the past year, and up 4.6% a year over five years.
What is the typical rent in 97386?: A typical home in 97386 rents for about $1,250 a month, a gross rental yield of 4.3%.
What is the property tax rate in 97386?: The effective property tax rate in 97386 is 0.8% — roughly $2,703 a year on a typical home.
Who lives in 97386?: ZIP code 97386 has a population of 15,225 and a median household income of $64,669.

#Comparable ZIPs

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

97360 vs 97386 →
Mill City, OR
Typical home
$364,422
Gross yield
—
97355 vs 97386 →
Lebanon, OR
Typical home
$392,661
Gross yield
4.8%
97348
Halsey, OR
Typical home
$399,517
Gross yield
—
97322
Albany, OR
Typical home
$408,532
Gross yield
5.1%
97446
Harrisburg, OR
Typical home
$414,363
Gross yield
—
97327
Brownsville, OR
Typical home
$444,411
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97386

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