How much is a home worth in ZIP code 97477?

The typical home in 97477 is worth $404,844, based on the Zillow Home Value Index.

Are home values rising in 97477?

Home values in 97477 are down 0.1% over the past year, and up 3.2% a year over five years.

What is the typical rent in 97477?

A typical home in 97477 rents for about $1,593 a month, a gross rental yield of 4.7%.

What is the property tax rate in 97477?

The effective property tax rate in 97477 is 0.8% — roughly $3,369 a year on a typical home.

ZIP code 97477 has a population of 37,534 and a median household income of $65,662.

HousingHandbookReference data

…

U.S. ZIP Code · OR97477

Lane County · Eugene-Springfield, OR

Typical home value

$404,844^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.1%
5-year / yr: +3.2%
10-year / yr: +7.1%

Relative price

vs U.S.: +42.5%
vs metro: -13.2%
vs state: -12.0%

Price history

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

The typical home in 97477 is worth $404,844 — 13.2% below the Eugene-Springfield, OR median. Over the past year, values have fallen 0.1%. Homes here rent for a typical $1,593 a month — a 4.7% 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: $1,593^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,369^[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: 37,534^[3]
Median household income: $65,662^[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: 12
Elementary: 6
Middle: 2
High: 4

Springfield High School
High · Grades 9–12 · Springfield SD 19
1,300 students
Hamlin Middle School
Middle · Grades 6–8 · Springfield SD 19
594 students
Briggs Middle School
Middle · Grades 6–8 · Springfield SD 19
389 students
Two Rivers Dos Rios Elementary
Elementary · Grades K–5 · Springfield SD 19
376 students
Yolanda Elementary School
Elementary · Grades K–5 · Springfield SD 19
372 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 yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$19,121

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$2,047

Loan principal$323,875

Down payment$80,969

Total interest paid$413,085

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 ratio1.67

Monthly cost to own$2,664

Monthly rent$1,593

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: 43rd percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 81st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 97477?: The typical home in 97477 is worth $404,844, based on the Zillow Home Value Index.
Are home values rising in 97477?: Home values in 97477 are down 0.1% over the past year, and up 3.2% a year over five years.
What is the typical rent in 97477?: A typical home in 97477 rents for about $1,593 a month, a gross rental yield of 4.7%.
What is the property tax rate in 97477?: The effective property tax rate in 97477 is 0.8% — roughly $3,369 a year on a typical home.
Who lives in 97477?: ZIP code 97477 has a population of 37,534 and a median household income of $65,662.

#Comparable ZIPs

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

97402 vs 97477 →
Eugene, OR
Typical home
$403,723
Gross yield
5.3%
97424 vs 97477 →
Cottage Grove, OR
Typical home
$400,610
Gross yield
—
97412
OR
Typical home
$411,938
Gross yield
—
97434
OR
Typical home
$422,479
Gross yield
—
97453
Mapleton CDP, OR
Typical home
$385,859
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 97477 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · OR97477

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