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Independence city, OR

ZIP 97351 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97351

Median Home Value
$357,700
Median Rent
$1,380
Affordability Snapshot
$98,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,298/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97351 in Independence city, OR, a household would need roughly $98,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,298. That is about 16% above the local median household income ($84,717), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
62.4%-5% vs US avg
x
Vacancy Rate
2.1%-79% vs US avg
x
Broadband Access
89.3%+3% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
2.1%-69% vs US avg
x
Rent Burden >30%
20.2%-59% vs US avg
x
Mortgage-Free
35.6%-7% vs US avg
x
$357,700
Home Value
$1,380
Rent
1996
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached62.3%
  • 1-unit attached3.7%
  • 2-9 units14.8%
  • 10+ units12.3%
  • Mobile home & other6.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$357,700
Median rent$1,380
Owner-occupied62.4%
Vacant2.1%
Price-to-income4.2x
Est. income to buy$98,000