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ZIP Code 97111

Learn about the people, housing, costs and businesses in 97111

Median Home$558,850
Median Rent$1,759/month
Population4,114
Leading IndustriesWholesale Trade · Retail · Construction15% wholesale trade
Home Value Growth+3.1% over 2 years
Retirees21% of residentsnear the national average
Homeowners82% of occupied units
NotableHigh Incomes$108k/year · top 14% nationally
NotableVeteran Community9% of residents · top 23% nationally
ZIP Code
97111

Frequently Asked Questions

What are today's mortgage rates in ZIP code 97111?

As of today, the 30-year fixed mortgage rate for ZIP code 97111 is approximately 6.886% (6.922% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 97111
What is the median home price in ZIP code 97111?

The median home value in ZIP code 97111 is $559k. The median monthly rent is $1,759. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 97111?

Home values in ZIP code 97111 have increased 3.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 97111?

Based on a typical all-in ownership cost of $1,770/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $76k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 97111 is $108k/year.

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What industries drive the economy in ZIP code 97111?

The largest employment sectors in ZIP code 97111 are retail (20%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.