McMinnville, OR—97128
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — McMinnville, OR
As of Oct '25, the median home price in McMinnville, OR is $485,000, with a year-over-year change of 0.0%. This indicates that home prices in McMinnville, 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 | $485,000 | 0.0% |
| Single Family | $487,000 | -0.2% |
| Condos | $312,000 | 0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $374,000 | 0.0% |
3 Bed | $465,000 | -0.4% |
4 Bed | $572,000 | -0.5% |
| 5 Bed | $627,000 | -0.8% |
% of Housing Stock
Rental Trends — McMinnville, OR
As of July '25, Rentcast reports the average rent in McMinnville, OR is $1,900, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in McMinnville, OR is studios: $1,300, 1-bedrooms: $1,320, 2-bedrooms: $1,630, 3-bedrooms: $2,310, 4-bedrooms: $2,990. The most common rental property sizes in McMinnville, OR are 2-bedroom and 3-bedroom, accounting for 49.0% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,900 |
| Studio Rent | $1,280 | $1,300 |
| 1 Bed Rent | $1,380 | $1,320 |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $2,300 | $2,310 |
| 4 Bed Rent | $2,880 | $2,990 |
% of Rental Stock
Property Listings — McMinnville, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in McMinnville, OR is 54. This is a increase of 3.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $544,000 | -5.0% |
Listing Count | 138 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 54 | 3.0% |
Demographics — McMinnville, OR
As of the latest ACS Survey released in 2023, McMinnville, OR has a population of 38,600, which has increased by 1.2% over the past 5 years. McMinnville, OR is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,600 | 1.2% |
% Under 18 | 21.9% | -8.4% |
% Seniors | 20.2% | 9.2% |
% WFH | 11.0% | 175.0% |
% w/ College Degree | 28.4% | 8.4% |
As of the latest ACS Survey released in 2023, McMinnville, OR is a predominantly white area, with 72.0% of the population identifying as white. The white population has remained stable in the last 5 years. The second most common race or ethnicity in McMinnville, OR is hispanic, making up 19.1% of the population. Foreign-born residents account for 9.3% of the population in McMinnville, OR, and this percentage has decreased by 17.0% 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 | 72.0% | 0.0% |
% Black | 0.5% | -58.3% |
% Hispanic | 19.1% | -10.7% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 9.3% | -17.0% |
Mortgage and Risk — McMinnville, OR
According to HUD data as of 2023, there were 580 mortgage originations in McMinnville, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in McMinnville, 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 | 580 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — McMinnville, OR
As of 2024, the percent of homes in McMinnville, OR under the Section 8 program is 19.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In McMinnville, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,020 |
Total Units Section 8 | 1,020 |
% Rentals under Section 8 | 19.7% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,380 | $1,600 |
| 2 Bedroom | $230 | $1,600 | $1,830 |
| 3 Bedroom | $230 | $2,300 | $2,530 |
| 4 Bedroom | $50 | $2,880 | $2,930 |
Affordability — McMinnville, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $485,000 |
| Median Household Income | $72,100 |