How much is a home worth in ZIP code 97402?

The typical home in 97402 is worth $403,723, based on the Zillow Home Value Index.

Are home values rising in 97402?

Home values in 97402 are up 0.3% over the past year, and up 3.2% a year over five years.

What is the typical rent in 97402?

A typical home in 97402 rents for about $1,783 a month, a gross rental yield of 5.3%.

What is the property tax rate in 97402?

The effective property tax rate in 97402 is 0.8% — roughly $3,080 a year on a typical home.

ZIP code 97402 has a population of 53,823 and a median household income of $57,658.

HousingHandbookReference data

…

U.S. ZIP Code · OR97402

Lane County · Eugene-Springfield, OR

Typical home value

$403,723^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.3%
5-year / yr: +3.2%
10-year / yr: +7.0%

Relative price

vs U.S.: +42.1%
vs metro: -13.4%
vs state: -12.2%

Price history

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

The typical home in 97402 is worth $403,723 — 13.4% below the Eugene-Springfield, OR median. Over the past year, values have risen 0.3%. Homes here rent for a typical $1,783 a month — a 5.3% 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: $1,783^[2]
Gross yield: 5.3%^[2]
Cap rate: 3.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,080^[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: 53,823^[3]
Median household income: $57,658^[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: 14
Elementary: 8
Middle: 2
High: 3

Prairie Mountain School
Elementary · Grades K–8 · Bethel SD 52
572 students
Shasta Middle School
Middle · Grades 6–8 · Bethel SD 52
369 students
Cascade Middle School
Middle · Grades 6–8 · Bethel SD 52
362 students
Willamette High School
High · Grades 9–12 · Bethel SD 52
1,474 students
Meadow View School
Elementary · Grades K–8 · Bethel SD 52
649 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 yield5.3%

Net yield (after ~40% expenses)3.2%

Annual rent$21,393

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$2,041

Loan principal$322,978

Down payment$80,745

Total interest paid$411,941

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 ratio1.48

Monthly cost to own$2,634

Monthly rent$1,783

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: 47th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 74th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 97402?: The typical home in 97402 is worth $403,723, based on the Zillow Home Value Index.
Are home values rising in 97402?: Home values in 97402 are up 0.3% over the past year, and up 3.2% a year over five years.
What is the typical rent in 97402?: A typical home in 97402 rents for about $1,783 a month, a gross rental yield of 5.3%.
What is the property tax rate in 97402?: The effective property tax rate in 97402 is 0.8% — roughly $3,080 a year on a typical home.
Who lives in 97402?: ZIP code 97402 has a population of 53,823 and a median household income of $57,658.

#Comparable ZIPs

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

97477 vs 97402 →
Springfield, OR
Typical home
$404,844
Gross yield
4.7%
97424 vs 97402 →
Cottage Grove, OR
Typical home
$400,610
Gross yield
—
97412
OR
Typical home
$411,938
Gross yield
—
97453
Mapleton CDP, OR
Typical home
$385,859
Gross yield
—
97434
OR
Typical home
$422,479
Gross yield
—
97478
Springfield, OR
Typical home
$434,152
Gross yield
4.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 97402 against any other ZIP — full side-by-side table.

Compare 97402 →

#Jump to section

U.S. ZIP Code · OR97402

Get more data on ZIPs like this

Get more data on ZIPs like this