The story of this market
The typical home in ZIP 97405 sells for about $615,000, or $308 per square foot.
Prices are up +7.9% from a year ago, so sellers still have some momentum. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,546 a month.
ZIP 97405 — Eugene
The 97405 housing market is highly competitive, characterized by low inventory and rapid sales cycles. Strong demand, particularly in the South Eugene area, continues to drive year-over-year price appreciation despite broader economic headwinds.
This ZIP is ideal for families and professionals seeking a balance of suburban tranquility, proximity to university amenities, and access to outdoor recreation.
Median prices moved up 7.9% year over year.
Homes spend a median of 11 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 103% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 97405, 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.
The area is served by the Eugene School District 4J, which is generally regarded for its academic focus and proximity to the University of Oregon.
The region faces moderate wildfire risks common to the Pacific Northwest foothills and requires standard hazard insurance coverage.
Economic momentum is driven by the University of Oregon and the broader Eugene-Springfield medical and tech sectors.
Property taxes are assessed by Lane County based on real market value, with rates subject to Oregon's constitutional limits on assessed value growth.
Residents in 97405 typically enjoy a short drive to downtown Eugene and the University of Oregon campus via major arterial roads.
The area features extensive access to the Ridgeline Trail system, numerous city parks, and proximity to the Willamette River for outdoor recreation.
The rental market is tight due to high demand from university students and faculty, with limited vacancy pressure.
The economy is anchored by the University of Oregon, healthcare systems, and a growing cluster of light manufacturing and tech firms in the Eugene-Springfield MSA.
The area is served by Lane Transit District (LTD) bus routes, providing connectivity to the University and downtown Eugene.
Development is focused on infill projects and the expansion of mixed-use residential areas near the university corridor.
The Lane County Assessor manages property valuations, adhering to Oregon's Measure 5 and Measure 50 tax limitations.
Parcels are subject to Eugene School District 4J and Lane Community College district levies.
Property insurance premiums are influenced by regional wildfire exposure and standard Pacific Northwest weather risks.
Data sourced from US Census Bureau ZCTA 97405 profiles.
- Round1 Bowling & Arcade - Eugene48.2 mi
- Putters Family Entertainment Center4.27.6 mi
- DEFY Eugene4.79.7 mi
- Get Air Trampoline Park4.35.7 mi
- Portal Adventures - Eugene and Springfield511.6 mi
- Autzen Stadium4.79 mi
- Hayward Field4.88.2 mi
- Lane Events Center4.36.9 mi
- Hult Center for the Performing Arts4.87.8 mi
- Matthew Knight Arena4.68.4 mi
- Alton Baker Park4.68.7 mi
- Cinemark Eugene Springfield and SCREENX4.510.6 mi
- Cascades Raptor Center4.86.2 mi
- Hendricks Park4.88.4 mi
- Owen Rose Garden4.78.1 mi
- Museum of Natural and Cultural History4.78.3 mi
- Eugene Science Center4.58.7 mi
- Dorris Ranch4.79.9 mi
- Jordan Schnitzer Museum of Art4.58 mi
- Adventure! Children's Museum4.78.2 mi
- Alton Baker Park4.68.7 mi
- Skinner Butte Park4.68.2 mi
- Hendricks Park4.88.4 mi
- Owen Rose Garden4.78.1 mi
- Spencer Butte Trailhead4.95 mi
- Orchard Point Marina and Boat Ramp4.410.8 mi
- Fiddler's Green Golf Center4.711.8 mi
- Laurelwood Golf Course4.37.7 mi
- Eugene Country Club4.58.6 mi
- Oakway Golf Course4.39.3 mi
- Side Bar4.210.1 mi
- Valley River Center4.28.3 mi
- Safeway47.3 mi
- Fred Meyer4.16.2 mi
- WinCo Foods4.48.2 mi
- Fred Meyer4.29.6 mi
- Eugene Airport4.510.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive hiking and biking trail system traversing the hills of South Eugene.
One of Eugene's oldest parks, known for its rhododendron garden and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.