Nehalem, OR—97131
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nehalem, OR
Nehalem, OR lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $575,000 | -1.0% |
| Single Family | $574,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $600,000 | -3.4% |
2 Bed | $498,000 | -2.9% |
3 Bed | $591,000 | 0.0% |
4 Bed | $783,000 | -1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nehalem, OR
Nehalem, OR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,000 | $3,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nehalem, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Nehalem, OR is 69. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $589,000 | -7.0% |
Listing Count | 26 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 69 | -3.0% |
Demographics — Nehalem, OR
As of the latest ACS Survey released in 2023, Nehalem, OR has a population of 2,440, which has decreased by -8.2% over the past 5 years. Nehalem, OR is a less popular place for families, as children make up 11.7% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,440 | -8.2% |
% Under 18 | 11.7% | -29.5% |
% Seniors | 36.2% | 22.3% |
% WFH | 22.1% | 612.9% |
% w/ College Degree | 23.6% | 10.8% |
As of the latest ACS Survey released in 2023, Nehalem, OR is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Nehalem, OR is hispanic, making up 7.7% of the population. Foreign-born residents account for 3.4% of the population in Nehalem, OR, and this percentage has decreased by 19.0% 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 | 86.4% | -8.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 7.7% | 133.3% |
% Asian | 2.5% | 212.5% |
% Foreign Born | 3.4% | -19.0% |
Mortgage and Risk — Nehalem, OR
According to HUD data as of 2023, there were 106 mortgage originations in Nehalem, OR, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Nehalem, OR. Investor activity is low, as 6.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 106 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 6.0% |
% Second Loans | 28.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Nehalem, OR
Nehalem, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $1,110 |
| 2 Bedroom | N/A | N/A | $1,390 |
| 3 Bedroom | -$1,050 | $3,000 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,090 |
Affordability — Nehalem, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $575,000 |
| Median Household Income | $67,700 |