How much is a home worth in ZIP code 97405?

The typical home in 97405 is worth $533,768, based on the Zillow Home Value Index.

Are home values rising in 97405?

Home values in 97405 are down 0.0% over the past year, and up 3.7% a year over five years.

What is the typical rent in 97405?

A typical home in 97405 rents for about $2,190 a month, a gross rental yield of 4.9%.

What is the property tax rate in 97405?

The effective property tax rate in 97405 is 1.0% — roughly $5,123 a year on a typical home.

ZIP code 97405 has a population of 46,933 and a median household income of $95,170.

HousingHandbookReference data

…

U.S. ZIP Code · OR97405

Lane County · Eugene-Springfield, OR

Typical home value

$533,768^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: 0.0%
5-year / yr: +3.7%
10-year / yr: +6.2%

Relative price

vs U.S.: +87.9%
vs metro: +14.5%
vs state: +16.1%

Price history

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

The typical home in 97405 is worth $533,768 — 14.5% above the Eugene-Springfield, OR median. Over the past year, values have fallen 0.0%. Homes here rent for a typical $2,190 a month — a 4.9% 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: $2,190^[2]
Gross yield: 4.9%^[2]
Cap rate: 3.0%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $5,123^[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: 46,933^[3]
Median household income: $95,170^[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: 16
Elementary: 10
Middle: 4
High: 2

Churchill High School
High · Grades 9–12 · Eugene SD 4J
1,078 students
Roosevelt Middle School
Middle · Grades 6–8 · Eugene SD 4J
561 students
Edgewood Community Elementary School
Elementary · Grades K–5 · Eugene SD 4J
428 students
Adams Elementary School
Elementary · Grades K–5 · Eugene SD 4J
396 students
Arts and Technology Academy at Jefferson
Middle · Grades 6–8 · Eugene SD 4J
390 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 yield4.9%

Net yield (after ~40% expenses)3.0%

Annual rent$26,275

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$2,699

Loan principal$427,015

Down payment$106,754

Total interest paid$544,633

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 ratio1.63

Monthly cost to own$3,571

Monthly rent$2,190

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: 70th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97405?: The typical home in 97405 is worth $533,768, based on the Zillow Home Value Index.
Are home values rising in 97405?: Home values in 97405 are down 0.0% over the past year, and up 3.7% a year over five years.
What is the typical rent in 97405?: A typical home in 97405 rents for about $2,190 a month, a gross rental yield of 4.9%.
What is the property tax rate in 97405?: The effective property tax rate in 97405 is 1.0% — roughly $5,123 a year on a typical home.
Who lives in 97405?: ZIP code 97405 has a population of 46,933 and a median household income of $95,170.

#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 97405 →
San Marine CDP, OR
Typical home
$530,079
Gross yield
—
97437 vs 97405 →
Elmira CDP, OR
Typical home
$544,371
Gross yield
—
97401
Eugene, OR
Typical home
$520,113
Gross yield
4.0%
97431
Dexter CDP, OR
Typical home
$549,030
Gross yield
—
97488
OR
Typical home
$552,453
Gross yield
—
97438
Jasper CDP, OR
Typical home
$561,206
Gross yield
—

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

Compare ZIPs

Pit ZIP 97405 against any other ZIP — full side-by-side table.

Compare 97405 →

#Jump to section

U.S. ZIP Code · OR97405

Get more data on ZIPs like this

Get more data on ZIPs like this