Welches, OR—97067
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Welches, OR
Home Price Trends — Welches, OR
As of Oct '25, the median home price in Welches, OR is $435,000, with a year-over-year change of -0.9%. This indicates that home prices in Welches, OR are flat. 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 | $435,000 | -0.9% |
| Single Family | $501,000 | -1.4% |
| Condos | $276,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $365,000 | -2.1% |
3 Bed | $541,000 | -1.1% |
4 Bed | $674,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Welches, OR
As of July '25, Rentcast reports the average rent in Welches, OR is $1,600, with a year-over-year rent change of -40.7%. Per bedroom, the median rent as of July '25 in Welches, OR is 2-bedrooms: $1,600. The most common rental property sizes in Welches, OR are 3-bedroom and 1-bedroom, accounting for 57.1% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Welches, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Welches, OR is 116. This is a increase of 128.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | 4.0% |
Listing Count | 23 | -13.0% |
| Listings as % of Homes | 0.3% | -13.0% |
Days on Market | 116 | 128.0% |
Demographics — Welches, OR
As of the latest ACS Survey released in 2023, Welches, OR has a population of 2,280, which has increased by 16.8% over the past 5 years. Welches, OR is a moderately popular place for families, as children make up 18.5% of the population. The area has a moderately educated workforce, with 27.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,280 | 16.8% |
% Under 18 | 18.5% | 45.7% |
% Seniors | 26.2% | -29.9% |
% WFH | 13.2% | -19.5% |
% w/ College Degree | 27.7% | -0.7% |
As of the latest ACS Survey released in 2023, Welches, OR is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 20.6% in the last 5 years. The second most common race or ethnicity in Welches, OR is hispanic, making up 19.0% of the population. Foreign-born residents account for 4.5% of the population in Welches, OR, and this percentage has decreased by 31.8% 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 | 68.8% | -20.6% |
% Black | 0.0% | N/A |
% Hispanic | 19.0% | 71.2% |
% Asian | 0.4% | -76.5% |
% Foreign Born | 4.5% | -31.8% |
Mortgage and Risk — Welches, OR
According to HUD data as of 2023, there were 100 mortgage originations in Welches, OR, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Welches, OR. Investor activity is low, as 5.0% 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 | 100 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 5.0% |
% Second Loans | 23.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Welches, OR
Welches, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,680 |
| 2 Bedroom | $320 | $1,600 | $1,920 |
| 3 Bedroom | N/A | N/A | $2,630 |
| 4 Bedroom | N/A | N/A | $3,090 |
Affordability — Welches, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $435,000 |
| Median Household Income | $86,400 |