97408 — Lane County, Oregon Market Snapshot
Housing market data for zip code 97408 in Lane County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
43 sales in 2026 (year to date)
Median Sale Price
$630,000
Days to Sell
17
Homes Sold
43
Inventory
32
Sale-to-List
97.8%
New Listings
46
Price/SqFt
$339
Pending Sales
48
Conforming Loan Available
Most homebuyers in 97408 can comfortably use conventional financing. The median home price of $630,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 97408 are moving quickly at 17 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
The average home in 97408 sells for 2.2% below asking price (97.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 97408 can comfortably use conventional financing. The median home price of $630,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 97408 are set at the county level.
2026 Loan Limits — Lane County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 97408
To purchase the median home at $630,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,977.
Monthly Payment
$4,977
Income Required
$213,294
Principal & Interest
$3,882/mo
Down Payment (5%)
$31,500
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 97408.
Estimated Monthly Payment
$4,049
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