Gaston, OR—97119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gaston, OR
As of Oct '25, the median home price in Gaston, OR is $648,000, with a year-over-year change of -1.1%. This indicates that home prices in Gaston, OR are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $648,000 | -1.1% |
| Single Family | $648,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $477,000 | -0.6% |
3 Bed | $629,000 | -0.8% |
4 Bed | $776,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gaston, OR
As of July '25, Rentcast reports the average rent in Gaston, OR is $2,340, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Gaston, OR is 3-bedrooms: $2,340. The most common rental property sizes in Gaston, OR are 3-bedroom and 2-bedroom, accounting for 57.1% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,300 | $2,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gaston, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Gaston, OR is 140. This is a increase of 54.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $834,000 | -8.0% |
Listing Count | 15 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 140 | 54.0% |
Demographics — Gaston, OR
As of the latest ACS Survey released in 2023, Gaston, OR has a population of 5,150, which has increased by 10.9% over the past 5 years. Gaston, OR is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,150 | 10.9% |
% Under 18 | 22.1% | 52.4% |
% Seniors | 16.4% | -17.2% |
% WFH | 12.0% | 79.1% |
% w/ College Degree | 28.1% | 11.5% |
As of the latest ACS Survey released in 2023, Gaston, OR is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Gaston, OR is hispanic, making up 10.9% of the population. Foreign-born residents account for 6.0% of the population in Gaston, OR, and this percentage has increased by 25.0% 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 | 78.9% | -6.4% |
% Black | 0.9% | 125.0% |
% Hispanic | 10.9% | 22.5% |
% Asian | 2.4% | -11.1% |
% Foreign Born | 6.0% | 25.0% |
Mortgage and Risk — Gaston, OR
According to HUD data as of 2023, there were 130 mortgage originations in Gaston, OR, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Gaston, OR. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Gaston, OR
Gaston, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $230 | $2,300 | $2,530 |
| 4 Bedroom | N/A | N/A | $2,930 |
Affordability — Gaston, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $648,000 |
| Median Household Income | $118,000 |