U.S. ZIP Code · OR97487
Lane County · Eugene-Springfield, OR
Appreciation
- 1-year
- -0.4%
- 5-year / yr
- +3.8%
- 10-year / yr
- +7.2%
Relative price
- vs U.S.
- +55.6%
- vs metro
- -5.2%
- vs state
- -3.9%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 97487 is worth $441,907 — 5.2% below the Eugene-Springfield, OR median. Over the past year, values have fallen 0.4%. Homes here rent for a typical $1,700 a month — a 4.6% gross rental yield. The effective property tax rate is 0.7%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 2
- Elementary
- 1
- Middle
- 0
- High
- 1
Veneta Elementary School
Elementary · Grades K–5 · Fern Ridge SD 28J
338 students
West Lane Charter School
High · Grades 9–12 · Fern Ridge SD 28J
74 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.
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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 97487?
- The typical home in 97487 is worth $441,907, based on the Zillow Home Value Index.
- Are home values rising in 97487?
- Home values in 97487 are down 0.4% over the past year, and up 3.8% a year over five years.
- What is the typical rent in 97487?
- A typical home in 97487 rents for about $1,700 a month, a gross rental yield of 4.6%.
- What is the property tax rate in 97487?
- The effective property tax rate in 97487 is 0.7% — roughly $3,293 a year on a typical home.
- Who lives in 97487?
- ZIP code 97487 has a population of 8,498 and a median household income of $65,625.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Dunes City, OR
- Typical home
- $443,574
- Gross yield
- —
Santa Clara CDP, OR
- Typical home
- $443,832
- Gross yield
- 4.9%
OR
- Typical home
- $443,859
- Gross yield
- —
Lowell, OR
- Typical home
- $439,789
- Gross yield
- —
Springfield, OR
- Typical home
- $434,152
- Gross yield
- 4.8%
Florence, OR
- Typical home
- $460,643
- Gross yield
- —
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
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