97540 — Talent, OR Home Values
Typical home value $443,865 as of June 2026 · 8th of 15 in Medford, OR
Blue: typical home value (Zillow ZHVI) in ZIP code 97540, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97540 compares in the Medford, OR area
ZIP code 97540 (Talent, OR) has a typical home value of $443,865 as of June 2026, ranking 8th of 15 ZIP codes tracked in the Medford, OR area, more expensive than about 53% of ZIP codes in the metro. Prices here have moved +2.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +8.0%, from $411,042 in June 2021 to $443,865 in June 2026. Against observed rent, the typical home here sells for 19.6× the annual rent ($1,892/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 Medford, OR forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Medford.
Population and demographics
ZIP code 97540 has a population of 8,475, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 74.9% White, 15.5% Hispanic or Latino, 5.4% two or more races, 3.2% Asian, 0.8% another race, and 0.2% Black or African American.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Talent Middle School | 102 Christian Ave, Talent, OR | 3.5 mi |
| Talent Elementary School | 307 W Wagner Ave, Talent, OR | 3.6 mi |
| Helman Elementary School | 705 Helman St, Ashland, OR | 5.5 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 97540?
$443,865 as of June 2026, the latest month Zillow has published observed data for.
Is 97540 an expensive ZIP code in the Medford, OR area?
97540 ranks 8th of 15 ZIP codes in the Medford, OR area by typical home value, more expensive than about 53% of ZIP codes in the metro.
How much have home values in 97540 changed over the past year?
+2.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97540?
The typical home price is 19.6× the observed annual rent in this ZIP code ($1,892/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97540?
8,475, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97540?
Talent Middle School (3.5 mi), Talent Elementary School (3.6 mi), Helman Elementary School (5.5 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 97540?
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 Medford, 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.