Woodburn, OR—97071
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Woodburn, OR
As of Oct '25, the median home price in Woodburn, OR is $418,000, with a year-over-year change of 0.2%. This indicates that home prices in Woodburn, OR are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $418,000 | 0.2% |
| Single Family | $421,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | -0.3% |
3 Bed | $427,000 | 0.2% |
4 Bed | $484,000 | -0.2% |
| 5 Bed | $539,000 | 0.2% |
% of Housing Stock
Rental Trends — Woodburn, OR
As of July '25, Rentcast reports the average rent in Woodburn, OR is $1,950, with a year-over-year rent change of 12.7%. Per bedroom, the median rent as of July '25 in Woodburn, OR is studios: $1,350, 1-bedrooms: $1,230, 2-bedrooms: $1,560, 3-bedrooms: $2,340, 4-bedrooms: $3,030. The most common rental property sizes in Woodburn, OR are 2-bedroom and 3-bedroom, accounting for 40.9% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,950 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,380 | $1,230 |
| 2 Bed Rent | $1,580 | $1,560 |
| 3 Bed Rent | $2,500 | $2,340 |
| 4 Bed Rent | $2,940 | $3,030 |
% of Rental Stock
Property Listings — Woodburn, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Woodburn, OR is 87. This is a increase of 57.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 19.0% |
Listing Count | 167 | 50.0% |
| Listings as % of Homes | 0.8% | 50.0% |
Days on Market | 87 | 57.0% |
Demographics — Woodburn, OR
As of the latest ACS Survey released in 2023, Woodburn, OR has a population of 31,800, which has increased by 8.1% over the past 5 years. Woodburn, OR is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 16.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 8.1% |
% Under 18 | 25.7% | -14.3% |
% Seniors | 17.0% | 14.9% |
% WFH | 9.1% | 111.6% |
% w/ College Degree | 16.8% | 9.1% |
As of the latest ACS Survey released in 2023, Woodburn, OR is a predominantly hispanic area, with 60.9% of the population identifying as hispanic. The hispanic population has grown by 17.1% in the last 5 years. The second most common race or ethnicity in Woodburn, OR is white, making up 34.0% of the population. Foreign-born residents account for 29.7% of the population in Woodburn, OR, and this percentage has increased by 21.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.0% | -22.2% |
% Black | 0.5% | -16.7% |
% Hispanic | 60.9% | 17.1% |
% Asian | 1.1% | -8.3% |
% Foreign Born | 29.7% | 21.2% |
Mortgage and Risk — Woodburn, OR
According to HUD data as of 2023, there were 440 mortgage originations in Woodburn, OR, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Woodburn, OR. Investor activity is low, as 1.0% 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 | 440 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Woodburn, OR
As of 2024, the percent of homes in Woodburn, OR under the Section 8 program is 12.5%. 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 Woodburn, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 476 |
Total Units Section 8 | 476 |
% Rentals under Section 8 | 12.5% |
% Occupied Section 8 | 74.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,380 | $1,600 |
| 2 Bedroom | $250 | $1,580 | $1,830 |
| 3 Bedroom | $30 | $2,500 | $2,530 |
| 4 Bedroom | -$10 | $2,940 | $2,930 |
Affordability — Woodburn, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $418,000 |
| Median Household Income | $70,100 |