Boring, OR—97009
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boring, OR
As of Oct '25, the median home price in Boring, OR is $706,000, with a year-over-year change of 0.3%. This indicates that home prices in Boring, OR are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $706,000 | 0.3% |
| Single Family | $707,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $687,000 | 0.1% |
4 Bed | $830,000 | 0.1% |
| 5 Bed | $841,000 | 0.6% |
% of Housing Stock
Rental Trends — Boring, OR
As of July '25, Rentcast reports the average rent in Boring, OR is $3,350, with a year-over-year rent change of 7.4%. Per bedroom, the median rent as of July '25 in Boring, OR is 3-bedrooms: $3,350. The most common rental property sizes in Boring, OR are 3-bedroom and 4-bedroom, accounting for 67.1% and 10.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,350 | $3,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,350 | $3,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Boring, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Boring, OR is 82. This is a increase of 56.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $950,000 | 4.0% |
Listing Count | 39 | 62.0% |
| Listings as % of Homes | 0.7% | 62.0% |
Days on Market | 82 | 56.0% |
Demographics — Boring, OR
As of the latest ACS Survey released in 2023, Boring, OR has a population of 7,880, which has decreased by -7.0% over the past 5 years. Boring, OR is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,880 | -7.0% |
% Under 18 | 21.1% | 9.3% |
% Seniors | 23.9% | 10.1% |
% WFH | 19.6% | 192.5% |
% w/ College Degree | 23.1% | 26.9% |
As of the latest ACS Survey released in 2023, Boring, OR is a predominantly white area, with 73.4% of the population identifying as white. The white population has shrunk by 14.6% in the last 5 years. The second most common race or ethnicity in Boring, OR is hispanic, making up 17.6% of the population. Foreign-born residents account for 4.2% of the population in Boring, OR, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.4% | -14.6% |
% Black | 0.2% | -84.6% |
% Hispanic | 17.6% | 97.8% |
% Asian | 1.1% | -42.1% |
% Foreign Born | 4.2% | -33.3% |
Mortgage and Risk — Boring, OR
According to HUD data as of 2023, there were 150 mortgage originations in Boring, OR, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Boring, OR. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 150 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Boring, OR
Boring, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,820 |
| 2 Bedroom | N/A | N/A | $2,080 |
| 3 Bedroom | -$500 | $3,350 | $2,850 |
| 4 Bedroom | N/A | N/A | $3,350 |
Affordability — Boring, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $706,000 |
| Median Household Income | $109,000 |