The story of this market
The typical home in ZIP 97404 sells for about $519,000, or $310 per square foot.
Prices are up +4.27% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $1,876 a month.
ZIP 97404 — Eugene
The 97404 housing market is currently one of the tightest in the Eugene area, characterized by low inventory and high demand. With only 1.7 months of supply, competition remains strong, driving prices upward despite broader economic headwinds. Buyers should be prepared for a fast-paced environment where well-priced homes sell quickly.
This ZIP is ideal for family buyers and professionals who prioritize suburban stability and access to outdoor recreation. It is less suited for those seeking high-density urban nightlife, but highly attractive to those looking for a balance between community feel and proximity to Eugene's major employers.
Median prices moved up 4.3% year over year.
Homes spend a median of 33 days on market with 1.7 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 8.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97404, Lane County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime trends in the 97404 area are generally consistent with broader Eugene metropolitan patterns, with property crime remaining the primary concern. Regional comparisons indicate that while suburban pockets like Santa Clara experience lower violent crime rates than the urban core, residents should remain vigilant regarding vehicle and residential theft.
Schools serving the 97404 area are primarily part of the Eugene School District 4J and Bethel School District, which generally maintain moderate to high performance ratings. The area is characterized by stable, community-focused elementary and middle schools that are well-regarded by local families.
The area faces moderate risks related to seasonal wildfire smoke and potential wind events common to the Willamette Valley. Flood risk is generally low, though properties near the Willamette River corridor should verify specific FEMA flood zone designations.
Economic momentum is driven by the proximity to Eugene's diverse employment base, including the University of Oregon and healthcare sectors. Infrastructure development is focused on maintaining the suburban character of the Santa Clara and River Road corridors while managing infill residential growth.
Property taxes in 97404 are assessed by Lane County based on the real market value of the property, subject to Oregon's constitutional limits on assessed value growth. Special districts, including local fire, library, and school districts, levy additional taxes that are included in the annual property tax statement.
Residents of 97404 typically enjoy a straightforward commute to downtown Eugene via the River Road or Beltline Highway corridors. Public transit options are available through Lane Transit District, though most residents rely on personal vehicles for daily travel to employment hubs.
The area features extensive access to the Willamette River bike paths, numerous neighborhood parks like Awbrey Park, and proximity to the Santa Clara community facilities. Shopping and dining are concentrated along the River Road corridor, providing convenient access to daily necessities.
The rental market in 97404 is characterized by high demand and low vacancy rates, particularly for single-family homes and duplexes. Rent growth has remained steady, driven by the area's popularity with families and professionals seeking suburban living within reach of Eugene's core.
The economy is anchored by the University of Oregon, local healthcare systems, and a growing tech and manufacturing sector in the Eugene-Springfield metro area. The area benefits from a diverse mix of public and private sector employment.
The area is served by Lane Transit District bus routes, with primary access to the city center via River Road. The regional highway network, including the Beltline, provides connectivity to the broader Willamette Valley.
Development is focused on residential infill and the revitalization of commercial nodes along the River Road corridor. Planning efforts prioritize maintaining neighborhood character while increasing housing density.
Parcels in 97404 are subject to various special districts, including the Bethel School District, local fire protection districts, and regional utility service areas.
Property insurance premiums in the region are influenced by wildfire risk assessments and general inflationary pressures on construction costs. Market health remains stable, though homeowners are encouraged to maintain adequate coverage.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Round1 Bowling & Arcade - Eugene42.4 mi
- Putters Family Entertainment Center4.22 mi
- DEFY Eugene4.70.2 mi
- Get Air Trampoline Park4.33.9 mi
- Portal Adventures - Eugene and Springfield57.8 mi
- Autzen Stadium4.74.2 mi
- Hayward Field4.85 mi
- Lane Events Center4.33.9 mi
- Hult Center for the Performing Arts4.83.8 mi
- Matthew Knight Arena4.64.9 mi
- Alton Baker Park4.64.5 mi
- Cinemark Eugene Springfield and SCREENX4.54.6 mi
- Cascades Raptor Center4.88.2 mi
- Hendricks Park4.85.7 mi
- Owen Rose Garden4.72.9 mi
- Museum of Natural and Cultural History4.75 mi
- Eugene Science Center4.54.2 mi
- Dorris Ranch4.77.6 mi
- Jordan Schnitzer Museum of Art4.54.7 mi
- Adventure! Children's Museum4.72.5 mi
- Alton Baker Park4.64.5 mi
- Skinner Butte Park4.63.4 mi
- Hendricks Park4.85.7 mi
- Owen Rose Garden4.72.9 mi
- Spencer Butte Trailhead4.98.4 mi
- Orchard Point Marina and Boat Ramp4.47.3 mi
- Fiddler's Green Golf Center4.74.5 mi
- Laurelwood Golf Course4.36 mi
- Pine Ridge Golf Club4.310.7 mi
- Eugene Country Club4.53.3 mi
- Shadow Hills Country Club4.75.7 mi
- Valley River Center4.22.5 mi
- Safeway44.5 mi
- Fred Meyer4.13.5 mi
- WinCo Foods4.42.1 mi
- Fred Meyer4.20.3 mi
- Eugene Airport4.54.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large community park with trails and natural areas.
Extensive regional trail system for cycling and walking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.