The story of this market
The typical home in ZIP 97407 sells for about $325,000, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 97407 — Allegany
The housing market in 97407 remains stable with modest price appreciation and balanced inventory levels. Demand is supported by the broader Eugene-Springfield economic base, though affordability remains a challenge for some renters and first-time buyers. Market activity is expected to remain steady as interest rates stabilize.
This ZIP is well-suited for first-time homebuyers, university-affiliated employees, and families seeking proximity to Eugene's urban core without the higher price points of the city center. It offers a balance of affordability and access to regional amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 42 days on market with 3.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 13.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97407, Lane County OR
Crime rates in this area are generally consistent with regional averages for the Eugene-Springfield metropolitan area, with property crime being the primary concern. Local law enforcement reports stable trends over the past year.
Schools serving this ZIP are part of the Eugene School District 4J, which generally maintains moderate performance ratings. Educational quality is considered stable with a focus on community-integrated learning.
The area faces moderate wildfire risk during summer months and is subject to standard regional flood-plain management protocols. Property insurance availability remains stable, though premiums are sensitive to regional wildfire-mitigation requirements.
Economic momentum is tied to the broader Eugene-Springfield economy, anchored by the University of Oregon and regional healthcare systems. Infrastructure development is focused on transit-oriented improvements along the Willamette River corridor.
Property taxes are assessed by Lane County based on real market value, subject to Oregon's constitutional limits on assessed value growth. Special districts include local fire, library, and community college levies.
Residents typically have a 15-20 minute commute to downtown Eugene or the University of Oregon via major arterials like Highway 99 or Beltline Road. Public transit access is provided by Lane Transit District bus routes.
The area features proximity to the Willamette River trail system and several neighborhood parks. Shopping and dining options are concentrated along the Highway 99 corridor and nearby West 11th Avenue.
The rental market is characterized by low vacancy rates and steady demand driven by university students and local workforce. Short-term rental activity is regulated by city ordinances to preserve long-term housing stock.
The economy is driven by the University of Oregon, healthcare providers like PeaceHealth, and a growing sector of light manufacturing and tech startups in the Eugene metro area.
The area is served by Lane Transit District (LTD) bus lines, providing connectivity to the EmX bus rapid transit system that links the area to the University and downtown Eugene.
Development is focused on high-density residential projects near transit corridors and the revitalization of older commercial strips along Highway 99.
The Lane County Assessor maintains property values based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Eugene School District 4J, Lane Community College District, and various local fire and emergency service districts.
Property insurance premiums are influenced by regional wildfire risk assessments and the proximity to fire protection services.
Oregon continues to see net positive domestic migration, though the pace has moderated compared to the 2020-2021 period.
Oregon is primarily a non-judicial foreclosure state, requiring specific notice periods and providing homeowners with opportunities to cure defaults.
Oregon law requires sellers to provide a comprehensive property disclosure statement covering material defects, though 'as-is' sales are permitted.
Data retrieved from data.census.gov ZCTA 97407 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Bay Point Landing4.312.2 mi
- Osprey Point RV Resort & Marina4.212.9 mi
- Coos Bay Speedway4.613.2 mi
- Coos History Museum4.68.2 mi
- Wildflour4.58.5 mi
- Golden And Silver Falls State Natural Area4.98.2 mi
- Mingus Park4.68.8 mi
- Three Rivers Casino Coos Bay3.910.6 mi
- Coos Bay Boardwalk4.38.3 mi
- Pony Village Cinema4.18.9 mi
- Umpqua River Lighthouse Museum Giftshop & Coastal Visitors Center4.719.2 mi
- Coos History Museum4.68.2 mi
- Coos Art Museum4.58.5 mi
- Smoke on the Water4.78.4 mi
- Golden And Silver Falls State Natural Area4.98.2 mi
- Mingus Park4.68.8 mi
- Laverne Park4.410.3 mi
- John Topits Park/ Empire Lakes4.410.2 mi
- Simpson Park4.58.5 mi
- Charleston Marina4.514.1 mi
- Lakeside Marina4.613 mi
- Salmon Harbor Marina4.419.7 mi
- Coos Golf Club4.510.5 mi
- Fred Meyer4.28.5 mi
- Safeway4.39 mi
- Safeway4.28.4 mi
- Pony Village Mall3.59 mi
- Ross Dress for Less4.28.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive multi-use path system along the river.
Large local park with sports fields and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.