How much is a home worth in ZIP code 97401?

The typical home in 97401 is worth $520,113, based on the Zillow Home Value Index.

Are home values rising in 97401?

Home values in 97401 are down 0.4% over the past year, and up 3.6% a year over five years.

What is the typical rent in 97401?

A typical home in 97401 rents for about $1,752 a month, a gross rental yield of 4.0%.

What is the property tax rate in 97401?

The effective property tax rate in 97401 is 1.0% — roughly $5,122 a year on a typical home.

ZIP code 97401 has a population of 49,437 and a median household income of $52,022.

HousingHandbookReference data

…

U.S. ZIP Code · OR97401

Lane County · Eugene-Springfield, OR

Typical home value

$520,113^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.4%
5-year / yr: +3.6%
10-year / yr: +5.9%

Relative price

vs U.S.: +83.1%
vs metro: +11.6%
vs state: +13.1%

Price history

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

The typical home in 97401 is worth $520,113 — 11.6% above the Eugene-Springfield, OR median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,752 a month — a 4.0% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,752^[2]
Gross yield: 4.0%^[2]
Cap rate: 2.4%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,122^[3]

#Climate risk

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

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

#Who lives here

Population: 49,437^[3]
Median household income: $52,022^[3]

#Migration

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

Net migration: -29^[5]
Moved in: 8,808
Moved out: 8,837

Schools

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

Public schools: 10
Elementary: 4
Middle: 2
High: 3

Sheldon High School
High · Grades 9–12 · Eugene SD 4J
1,521 students
South Eugene High School
High · Grades 9–12 · Eugene SD 4J
1,484 students
TEACH-NW
Other · Grades K–12 · Marcola SD 79J
623 students
Monroe Middle School
Middle · Grades 6–8 · Eugene SD 4J
515 students
Cal Young Middle School
Middle · Grades 6–8 · Eugene SD 4J
502 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 yield4.0%

Net yield (after ~40% expenses)2.4%

Annual rent$21,022

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$2,630

Loan principal$416,091

Down payment$104,023

Total interest paid$530,701

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 ratio1.99

Monthly cost to own$3,488

Monthly rent$1,752

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: 60th percentile^[1]
Rental yield: 25th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for most populous in ORView list →

Frequently asked

How much is a home worth in ZIP code 97401?: The typical home in 97401 is worth $520,113, based on the Zillow Home Value Index.
Are home values rising in 97401?: Home values in 97401 are down 0.4% over the past year, and up 3.6% a year over five years.
What is the typical rent in 97401?: A typical home in 97401 rents for about $1,752 a month, a gross rental yield of 4.0%.
What is the property tax rate in 97401?: The effective property tax rate in 97401 is 1.0% — roughly $5,122 a year on a typical home.
Who lives in 97401?: ZIP code 97401 has a population of 49,437 and a median household income of $52,022.

#Comparable ZIPs

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

97498 vs 97401 →
San Marine CDP, OR
Typical home
$530,079
Gross yield
—
97405 vs 97401 →
Eugene, OR
Typical home
$533,768
Gross yield
4.9%
97454
Marcola CDP, OR
Typical home
$497,207
Gross yield
—
97437
Elmira CDP, OR
Typical home
$544,371
Gross yield
—
97431
Dexter CDP, OR
Typical home
$549,030
Gross yield
—
97461
OR
Typical home
$489,558
Gross yield
—

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#Jump to section

U.S. ZIP Code · OR97401

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