Banks, OR 97106 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Banks, OR—97106

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$623,000

0.5% YoY Growth

Household Income

$108,000

7.5% YoY Growth

Days on Market

108

51.0% Longer YoY

Home Price Forecast

-0.3%

Median Rent

$2,800

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Banks, OR

As of Dec '25, the median home price in Banks, OR is $623,000, with a year-over-year change of -0.5%. This indicates that home prices in Banks, 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	$623,000	-0.5%
Single Family	$623,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Banks, OR

Banks, OR lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$2,800	$2,900
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	$2,800	$2,900

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% of Rental Stock

1 Bedroom

11.8%

2 Bedrooms

69.1%

3 Bedrooms

17.7%

4 Bedrooms

1.4%

Property Listings — Banks, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Banks, OR is 86. This is a increase of 25.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$849,000	-9.0%
Listing Count	16	16.0%
Listings as % of Homes	0.6%	16.0%
Days on Market	108	51.0%

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Demographics — Banks, OR

As of the latest ACS Survey released in 2023, Banks, OR has a population of 5,010, which has decreased by -2.3% over the past 5 years. Banks, OR is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,010	-2.3%
% Under 18	23.8%	-8.1%
% Seniors	14.7%	23.5%
% WFH	17.4%	59.6%
% w/ College Degree	41.1%	17.4%

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As of the latest ACS Survey released in 2023, Banks, OR is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Banks, OR is hispanic, making up 6.3% of the population. Foreign-born residents account for 5.5% of the population in Banks, OR, and this percentage has increased by 37.5% 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	84.0%	-5.8%
% Black	0.4%	300.0%
% Hispanic	6.3%	0.0%
% Asian	2.2%	46.7%
% Foreign Born	5.5%	37.5%

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Mortgage and Risk — Banks, OR

According to HUD data as of 2023, there were 123 mortgage originations in Banks, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Banks, OR. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	123
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Banks, OR

Banks, OR lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% Rentals under Section 8	2.7%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,690
2 Bedroom	N/A	N/A	$1,930
3 Bedroom	N/A	N/A	$2,650
4 Bedroom	$310	$2,800	$3,110

Banks, OR—97106

Key Metrics at a Glance

Home Price Trends — Banks, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Banks, OR

% of Rental Stock

Property Listings — Banks, OR

Demographics — Banks, OR

Race and Ethnicity

Mortgage and Risk — Banks, OR

Mortgages

Rentals and Section 8 — Banks, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Banks, OR

Home Price to Income Ratio

Banks, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Grove, OR

Buxton, OR

North Plains, OR

Cornelius, OR

Gales Creek, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$623,000
Median Household Income	$108,000

Banks, OR—97106

Key Metrics at a Glance

Home Price Trends — Banks, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Banks, OR

% of Rental Stock

Property Listings — Banks, OR

Demographics — Banks, OR

Race and Ethnicity

Mortgage and Risk — Banks, OR

Mortgages

Rentals and Section 8 — Banks, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Banks, OR

Home Price to Income Ratio

Banks, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Forest Grove, OR

Buxton, OR

North Plains, OR

Cornelius, OR

Gales Creek, OR

Frequently Asked Questions

What is the average home price in Banks, OR 97106?

How have home prices in Banks, OR 97106 changed over the past year?

What is the home price projection for Banks, OR 97106?

What are the demographics of Banks, OR 97106?

How long does it take homes to sell in Banks, OR 97106?

What is the average rent price in Banks, OR 97106?