Rents for single family <br />homes are lower in the River <br />Road/Santa Clara area than <br />in most other parts of the <br />region. <br />The average single family rent <br />in the River Road/Santa Clara <br />area (zip code 97404) as of <br />February 2019 was roughly <br />$1,460, compared to a city- <br />wide average of roughly $1,530 <br />(roughly 5% less). Rent trends <br />show seasonal variation, but <br />not to the same degree as <br />areas closest to the university <br />(zip code 97403), which also <br />have higher single family rents. <br />SINGLE FAMILY RENT TRENDS, BY ZIP CODE, RIVER ROAD/SANTA <br />CLARA AREA, EUGENE, 2010-2019 <br />Source: Zillow Rent Index for Single Family Residential by Zip code <br />$2,200 <br />$2,000 <br />V /_ 97403, $1,815 <br />X $1,800 N <br />E 97401,$1,615 <br />$1,600 /�t�a_j <br />197405, $1,609 <br />\ / \ ,� �� 97404 (River Road <br />lL VV v <br />� /Santa Clara <br />�p $1,400 area), $1,462 <br />y 97402, $1,390 <br />m $1,200 <br />a <br />$1,000 <br />$800 <br />2010 2011 2012 2013 2014 2015 2016 2017 2018 <br />Multifamily Housing Market <br />Few multifamily buildings in the River Road/Santa Clara area are tracked in the available data <br />sources. The City of Eugene collected rental rate and vacancy data for a sampling of <br />multifamily properties city-wide, but few are within the Study Area. Most of the existing <br />multifamily housing in the Study Area is at least 20 years old, with the exception of the Ecco <br />Apartments, which were completed in 2014. <br />ECONorthwest <br />27 <br />200 <br />