97408 — Eugene, OR Home Values
Typical home value $624,576 as of June 2026 · 2nd of 31 in Eugene-Springfield, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97408, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97408 compares in the Eugene-Springfield, OR area
ZIP code 97408 (Eugene, OR) has a typical home value of $624,576 as of June 2026, ranking 2nd of 31 ZIP codes tracked in the Eugene-Springfield, OR area, more expensive than about 97% of ZIP codes in the metro. Prices here have moved +0.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +16.7%, from $535,097 in June 2021 to $624,576 in June 2026. Against observed rent, the typical home here sells for 25.1× the annual rent ($2,077/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Eugene-Springfield, OR forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Eugene.
Population and demographics
ZIP code 97408 has a population of 15,297, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 80.5% White, 7.3% Hispanic or Latino, 4.4% two or more races, 4.3% Asian, 2% Black or African American, 0.7% American Indian or Alaska Native, 0.5% another race, and 0.2% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Coburg Community Charter School | 91274 N Coburg Rd, Eugene, OR | 0.7 mi |
| Gilham Elementary School | 3307 Honeywood St, Eugene, OR | 3.1 mi |
| Madison Middle School | 875 Wilkes Dr, Eugene, OR | 3.6 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 97408?
$624,576 as of June 2026, the latest month Zillow has published observed data for.
Is 97408 an expensive ZIP code in the Eugene-Springfield, OR area?
97408 ranks 2nd of 31 ZIP codes in the Eugene-Springfield, OR area by typical home value, more expensive than about 97% of ZIP codes in the metro.
How much have home values in 97408 changed over the past year?
+0.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97408?
The typical home price is 25.1× the observed annual rent in this ZIP code ($2,077/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97408?
15,297, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97408?
Coburg Community Charter School (0.7 mi), Gilham Elementary School (3.1 mi), Madison Middle School (3.6 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 97408?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Eugene-Springfield, OR forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.