The story of this market
The typical home in ZIP 97438 sells for about $575,000, or $289 per square foot.
Prices are down 3.98% from a year ago, which gives buyers more room to negotiate. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $2,277 a month.
ZIP 97438 — Fall Creek
The 97438 ZIP code exhibits a challenging market environment with high median home values and rents that require careful underwriting. While the broader Eugene market shows signs of price normalization, this specific area faces headwinds related to tenant stability and management intensity for investors.
This ZIP is suited for investors who understand soft market operations and are prepared for management intensity, as well as buyers seeking a specific lifestyle in the Lowell area.
Median prices moved down 4.0% year over year.
Homes spend a median of 59 days on market with 2.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 103% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 8.0% — a stable, low-distress profile.
ZCTA 97438, Lane County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The rental market in 97438 shows high rent levels relative to the broader region, with potential for vacancy pressure and management intensity for investors.
The local economy is tied to the broader Eugene-Springfield metropolitan area, which features a mix of education, healthcare, and manufacturing sectors.
Data sourced from ZCTA-level census profiles and regional market reports.
- Mount Pisgah Arboretum4.718.3 mi
- Conway's Restaurant & Lounge416.7 mi
- Lowell State Recreation Site4.69 mi
- Dexter State Recreation Site4.69.9 mi
- Hendricks Bridge County Park4.612.5 mi
- Hardesty Trailhead - Lower4.77.4 mi
- Unity Covered Bridge4.77.8 mi
- Historic Lowell Covered Bridge4.68.6 mi
- Historic Goodpasture Covered Bridge4.813.5 mi
- Willamette Fish Hatchery4.716.9 mi
- Historic Dorena Covered Bridge4.720 mi
- Unity Covered Bridge4.77.8 mi
- Elijah Bristow State Park4.611.4 mi
- Fall Creek State Recreation Area4.52.8 mi
- Black Canyon Campground4.410.6 mi
- Lowell State Recreation Site4.69 mi
- Dexter State Recreation Site4.69.9 mi
- Lookout Point Lake4.66.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.