The story of this market
The typical home in ZIP 97408 sells for about $827,921, or $331 per square foot.
Prices are up +71.4% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,876 a month.
ZIP 97408 — Eugene
The 97408 housing market is currently characterized as a soft seller's market with limited inventory and high price points. While demand remains steady, the low volume of recent sales suggests a cautious approach for both buyers and sellers in the current interest rate environment.
This ZIP is well-suited for families and professionals seeking suburban living with convenient access to major retail and highway infrastructure.
Median prices moved up 71.4% year over year.
Homes spend a median of 14 days on market with 3.0 months of supply — a fast-moving market.
43% of listings have cut prices · homes sell at 99.7% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 8.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 97408, 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 generally maintains a stable reputation within the region.
The region faces moderate wildfire risk during summer months and is subject to standard Pacific Northwest seismic and wind event considerations.
Economic momentum is driven by the University of Oregon and the healthcare sector, with ongoing residential development in the North Gilham area.
Property taxes are assessed by Lane County based on real market value, with rates influenced by local school district levies and municipal bonds.
Residents typically commute via the I-5 and I-105 corridors toward downtown Eugene and the University of Oregon campus.
The area features proximity to the Willamette River, Delta Ponds, and various community parks, with major retail hubs located along the Coburg Road corridor.
The rental market is characterized by steady demand from university-affiliated residents and professionals, with moderate vacancy pressure.
The local economy is anchored by the University of Oregon, healthcare systems, and a growing technology and manufacturing sector in the Eugene-Springfield MSA.
The area is served by the Lane Transit District (LTD) bus system, with primary access via the I-5 and I-105 highway corridors.
Ongoing development includes middle-housing projects and mixed-use infill developments consistent with recent city code amendments.
Parcels are subject to Lane County property taxes, Eugene School District 4J levies, and various local utility and fire district assessments.
Property insurance premiums are influenced by regional wildfire risk assessments and standard Pacific Northwest hazard profiles.
Data retrieved from US Census Bureau ZCTA profiles.
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 - Eugene45.2 mi
- Putters Family Entertainment Center4.26 mi
- DEFY Eugene4.74 mi
- Get Air Trampoline Park4.37.9 mi
- Portal Adventures - Eugene and Springfield57.2 mi
- Autzen Stadium4.75.4 mi
- Hayward Field4.86.5 mi
- Lane Events Center4.36.7 mi
- Hult Center for the Performing Arts4.86 mi
- Matthew Knight Arena4.66.3 mi
- Alton Baker Park4.65.8 mi
- Cinemark Eugene Springfield and SCREENX4.54.3 mi
- Hendricks Park4.87 mi
- Cascades Raptor Center4.810.4 mi
- Owen Rose Garden4.75.4 mi
- Museum of Natural and Cultural History4.76.5 mi
- Eugene Science Center4.55.6 mi
- Dorris Ranch4.78 mi
- Jordan Schnitzer Museum of Art4.56.4 mi
- Adventure! Children's Museum4.75.2 mi
- Alton Baker Park4.65.8 mi
- Skinner Butte Park4.65.5 mi
- Hendricks Park4.87 mi
- Owen Rose Garden4.75.4 mi
- Armitage Park Campground4.31.9 mi
- Orchard Point Marina and Boat Ramp4.410.7 mi
- Fiddler's Green Golf Center4.76.8 mi
- Laurelwood Golf Course4.37.6 mi
- Pine Ridge Golf Club4.37.5 mi
- Eugene Country Club4.55.2 mi
- Shadow Hills Country Club4.76.1 mi
- Valley River Center4.25.2 mi
- Safeway46.7 mi
- Fred Meyer4.17.2 mi
- WinCo Foods4.46.2 mi
- Fred Meyer4.24.1 mi
- Eugene Airport4.57.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A significant urban wetland and park area offering trails and wildlife viewing.
A major open-air shopping and dining destination serving the northern Eugene area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.