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ZIP Code 97220

Learn about the people, housing, costs and businesses in 97220

Median Home$446,643
Median Rent$1,514/month
Population26,441
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth-0.5% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners58% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 16% nationally
ZIP Code
97220

Frequently Asked Questions

What are today's mortgage rates in ZIP code 97220?

As of today, the 30-year fixed mortgage rate for ZIP code 97220 is approximately 6.890% (6.926% 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 97220
What is the median home price in ZIP code 97220?

The median home value in ZIP code 97220 is $447k. The median monthly rent is $1,514. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in ZIP code 97220?

Home values in ZIP code 97220 have decreased 0.5% over the past two years. Buyers may find more negotiating room in this market. 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 97220?

Based on a typical all-in ownership cost of $1,602/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 97220 is $79k/year.

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What industries drive the economy in ZIP code 97220?

The largest employment sectors in ZIP code 97220 are public administration (21%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

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