Hood River, OR—97031
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hood River, OR
As of Oct '25, the median home price in Hood River, OR is $705,000, with a year-over-year change of -1.2%. This indicates that home prices in Hood River, OR are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $705,000 | -1.2% |
| Single Family | $716,000 | -1.2% |
| Condos | $375,000 | -10.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $514,000 | 1.0% |
2 Bed | $570,000 | -0.9% |
3 Bed | $705,000 | -0.8% |
4 Bed | $835,000 | -2.0% |
| 5 Bed | $997,000 | -2.1% |
% of Housing Stock
Rental Trends — Hood River, OR
As of July '25, Rentcast reports the average rent in Hood River, OR is $2,720, with a year-over-year rent change of 12.4%. Per bedroom, the median rent as of July '25 in Hood River, OR is 1-bedrooms: $2,000, 2-bedrooms: $1,960, 3-bedrooms: $3,000, 4-bedrooms: $2,500. The most common rental property sizes in Hood River, OR are 2-bedroom and 3-bedroom, accounting for 33.3% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,000 |
| 2 Bed Rent | $2,000 | $1,960 |
| 3 Bed Rent | $2,950 | $3,000 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Hood River, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hood River, OR is 89. This is a increase of 32.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $868,000 | 7.0% |
Listing Count | 61 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 89 | 32.0% |
Demographics — Hood River, OR
As of the latest ACS Survey released in 2023, Hood River, OR has a population of 19,100, which has remained stable by -0.1% over the past 5 years. Hood River, OR is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | -0.1% |
% Under 18 | 23.5% | -3.7% |
% Seniors | 16.5% | 12.2% |
% WFH | 19.8% | 76.8% |
% w/ College Degree | 41.6% | 23.8% |
As of the latest ACS Survey released in 2023, Hood River, OR is a predominantly white area, with 61.7% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Hood River, OR is hispanic, making up 30.6% of the population. Foreign-born residents account for 14.6% of the population in Hood River, OR, and this percentage has decreased by 4.6% 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 | 61.7% | -2.7% |
% Black | 1.0% | 66.7% |
% Hispanic | 30.6% | -4.4% |
% Asian | 1.0% | -23.1% |
% Foreign Born | 14.6% | -4.6% |
Mortgage and Risk — Hood River, OR
According to HUD data as of 2023, there were 235 mortgage originations in Hood River, OR, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Hood River, OR. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 235 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hood River, OR
Hood River, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 186 |
Total Units Section 8 | 186 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$540 | $2,000 | $1,460 |
| 2 Bedroom | -$80 | $2,000 | $1,920 |
| 3 Bedroom | -$260 | $2,950 | $2,690 |
| 4 Bedroom | $720 | $2,500 | $3,220 |
Affordability — Hood River, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $705,000 |
| Median Household Income | $86,100 |