Rainier, OR—97048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rainier, OR
As of Oct '25, the median home price in Rainier, OR is $415,000, with a year-over-year change of 0.5%. This indicates that home prices in Rainier, 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 | $415,000 | 0.5% |
| Single Family | $416,000 | 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 | $320,000 | 0.6% |
3 Bed | $423,000 | -0.2% |
4 Bed | $490,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Rainier, OR
As of July '25, Rentcast reports the average rent in Rainier, OR is $2,200, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Rainier, OR is 3-bedrooms: $2,200. The most common rental property sizes in Rainier, OR are 2-bedroom and 3-bedroom, accounting for 35.7% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Rainier, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Rainier, OR is 65. This is a increase of 6.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | -17.0% |
Listing Count | 33 | 78.0% |
| Listings as % of Homes | 0.7% | 78.0% |
Days on Market | 65 | 6.0% |
Demographics — Rainier, OR
As of the latest ACS Survey released in 2023, Rainier, OR has a population of 7,100, which has decreased by -6.4% over the past 5 years. Rainier, OR is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,100 | -6.4% |
% Under 18 | 19.0% | 0.5% |
% Seniors | 26.7% | 44.3% |
% WFH | 13.3% | 90.0% |
% w/ College Degree | 15.5% | 2.6% |
As of the latest ACS Survey released in 2023, Rainier, OR is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Rainier, OR is hispanic, making up 5.0% of the population. Foreign-born residents account for 1.8% of the population in Rainier, OR, and this percentage has decreased by 25.0% 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 | 83.6% | -6.6% |
% Black | 0.5% | -16.7% |
% Hispanic | 5.0% | 13.6% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 1.8% | -25.0% |
Mortgage and Risk — Rainier, OR
According to HUD data as of 2023, there were 141 mortgage originations in Rainier, OR, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Rainier, OR. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 141 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Rainier, OR
Rainier, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 65 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,600 |
| 2 Bedroom | N/A | N/A | $1,830 |
| 3 Bedroom | $330 | $2,200 | $2,530 |
| 4 Bedroom | N/A | N/A | $2,930 |
Affordability — Rainier, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $415,000 |
| Median Household Income | $74,500 |