The story of this market
The typical home in ZIP 97488 sells for about $499,000, or $350 per square foot.
Prices are down 27.7% from a year ago, which gives buyers more room to negotiate. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 97488 — Vida
The 97488 housing market is currently experiencing low transaction volume, leading to high volatility in median price metrics. Demand remains steady for residential properties, though the limited inventory and rural nature of the area constrain rapid turnover. Market conditions are largely influenced by the broader economic stability of the Eugene-Springfield metro area.
This ZIP is best suited for families and commuters looking for a quieter, semi-rural lifestyle while remaining within reach of Eugene's urban amenities.
Median prices moved down 27.7% year over year.
Homes spend a median of 75 days on market with 36.0 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 9.5% — 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 -12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97488, 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.
Schools serving the area are part of the Fern Ridge School District, which generally maintains moderate performance ratings.
The area faces moderate wildfire risk common to the Willamette Valley foothills and requires standard property insurance coverage.
Growth is primarily driven by residential expansion as a bedroom community for the Eugene-Springfield metro area.
Property taxes are assessed by Lane County based on real market value, with rates determined by local school district and municipal levies.
Residents primarily commute via Highway 126 to reach employment centers in Eugene, typically a 20-30 minute drive.
The area offers proximity to Fern Ridge Lake for water sports and various rural trails, with basic shopping available in nearby Veneta.
The rental market is characterized by low inventory and steady demand from commuters seeking more affordable housing than in central Eugene.
The local economy is largely tied to the broader Eugene-Springfield metro area, with significant employment in education, healthcare, and government.
Transportation is heavily reliant on private vehicles, with Highway 126 serving as the primary arterial corridor.
Development is focused on low-density residential infill and small-scale commercial expansion along the Highway 126 corridor.
The Lane County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are served by the Fern Ridge School District and various local fire and water utility districts.
Property insurance premiums are influenced by regional wildfire risk assessments and proximity to fire protection services.
Data retrieved from data.census.gov ZCTA 97488 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.
- Terwilliger Hot Springs Trailhead4.510.9 mi
- Historic Goodpasture Covered Bridge4.88.7 mi
- Lloyd Knox Park4.49.2 mi
- Historic Lowell Covered Bridge4.619.7 mi
- Historic Goodpasture Covered Bridge4.88.7 mi
- Unity Covered Bridge4.718.3 mi
- Terwilliger Hot Springs Trailhead4.510.9 mi
- Fall Creek State Recreation Area4.512.8 mi
- Lloyd Knox Park4.49.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional reservoir providing boating, fishing, and wildlife viewing opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.