Canby, OR—97013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canby, OR
As of Oct '25, the median home price in Canby, OR is $589,000, with a year-over-year change of 0.3%. This indicates that home prices in Canby, OR are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $589,000 | 0.3% |
| Single Family | $591,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $462,000 | 0.9% |
3 Bed | $554,000 | 0.0% |
4 Bed | $662,000 | -0.6% |
| 5 Bed | $716,000 | -0.3% |
% of Housing Stock
Rental Trends — Canby, OR
As of July '25, Rentcast reports the average rent in Canby, OR is $2,140, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Canby, OR is 1-bedrooms: $1,480, 2-bedrooms: $1,660, 3-bedrooms: $2,580, 4-bedrooms: $3,180. The most common rental property sizes in Canby, OR are 2-bedroom and 3-bedroom, accounting for 45.7% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,540 | $1,480 |
| 2 Bed Rent | $1,650 | $1,660 |
| 3 Bed Rent | $2,500 | $2,580 |
| 4 Bed Rent | $3,100 | $3,180 |
% of Rental Stock
Property Listings — Canby, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Canby, OR is 67. This is a increase of 5.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $672,000 | -2.0% |
Listing Count | 121 | 13.0% |
| Listings as % of Homes | 1.0% | 13.0% |
Days on Market | 67 | 5.0% |
Demographics — Canby, OR
As of the latest ACS Survey released in 2023, Canby, OR has a population of 24,100, which has increased by 2.1% over the past 5 years. Canby, OR is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,100 | 2.1% |
% Under 18 | 23.1% | -7.2% |
% Seniors | 20.9% | 23.7% |
% WFH | 11.6% | 96.6% |
% w/ College Degree | 30.1% | 17.1% |
As of the latest ACS Survey released in 2023, Canby, OR is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Canby, OR is hispanic, making up 18.1% of the population. Foreign-born residents account for 8.5% of the population in Canby, OR, and this percentage has decreased by 6.6% 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 | 74.9% | -6.8% |
% Black | 0.5% | 400.0% |
% Hispanic | 18.1% | 21.5% |
% Asian | 1.8% | 0.0% |
% Foreign Born | 8.5% | -6.6% |
Mortgage and Risk — Canby, OR
According to HUD data as of 2023, there were 514 mortgage originations in Canby, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Canby, OR. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 514 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Canby, OR
As of 2024, the percent of homes in Canby, OR under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Canby, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 94 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,540 | $1,600 |
| 2 Bedroom | $180 | $1,650 | $1,830 |
| 3 Bedroom | $30 | $2,500 | $2,530 |
| 4 Bedroom | -$170 | $3,100 | $2,930 |
Affordability — Canby, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $589,000 |
| Median Household Income | $99,300 |