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Phoenix city, OR

ZIP 97535 — 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 97535

Median Home Value
$374,600
Median Rent
$1,091
Affordability Snapshot
$103,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,406/mo PITI).

22%
Rent-to-Income Ratio

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

6.2x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.6 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 97535 in Phoenix city, OR, a household would need roughly $103,000 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 $2,406. That is about 70% above the local median household income ($60,451), 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
70.4%+8% vs US avg
x
Vacancy Rate
4.0%-61% vs US avg
x
Broadband Access
87.6%+1% vs US avg
x
4+ Bedrooms
0.9%-94% vs US avg
x
Built Pre-1939
5.8%-54% vs US avg
x
Built Post-2014
4.0%-42% vs US avg
x
Rent Burden >30%
28.8%-42% vs US avg
x
Mortgage-Free
41.4%+8% vs US avg
x
$374,600
Home Value
$1,091
Rent
1989
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached63.2%
  • 1-unit attached1.4%
  • 2-9 units13.7%
  • 10+ units3.1%
  • Mobile home & other18.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$374,600
Median rent$1,091
Owner-occupied70.4%
Vacant4.0%
Price-to-income6.2x
Est. income to buy$103,000