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Talent city, OR

ZIP 97540 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97540

Median Home Value
$427,900
Median Rent
$1,225
Affordability Snapshot
$118,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,749/mo PITI).

25%
Rent-to-Income Ratio

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

7.4x
Home Price-to-Income Ratio

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

29.1 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 97540 in Talent city, OR, a household would need roughly $118,000 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 $2,749. That is about 105% above the local median household income ($57,686), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
57.7%-12% vs US avg
x
Vacancy Rate
6.9%-33% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
1.7%-89% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
3.9%-44% vs US avg
x
Rent Burden >30%
18.6%-63% vs US avg
x
Mortgage-Free
42.8%+12% vs US avg
x
$427,900
Home Value
$1,225
Rent
1991
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached63.6%
  • 1-unit attached5.3%
  • 2-9 units15.0%
  • 10+ units5.5%
  • Mobile home & other10.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$427,900
Median rent$1,225
Owner-occupied57.7%
Vacant6.9%
Price-to-income7.4x
Est. income to buy$118,000