Nehalem, OR 97131 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Nehalem, OR—97131

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$571,000

0.8% YoY Growth

Household Income

$67,700

12.6% YoY Growth

Days on Market

99

18.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$3,000

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$3,000

N/A

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	$571,000	-0.8%
Single Family	$572,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	$592,000	-2.8%

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

Loading chart...

% of Rental Stock

Studio

11.9%

1 Bedroom

7.1%

2 Bedrooms

48.2%

3 Bedrooms

25.0%

4 Bedrooms

7.7%

Property Listings — Nehalem, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Nehalem, OR is 93. This is a increase of 12.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$546,000	-13.0%
Listing Count	25	7.0%
Listings as % of Homes	0.4%	7.0%
Days on Market	99	18.0%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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%

Loading chart...

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

Nehalem, OR—97131

Key Metrics at a Glance

Home Price Trends — Nehalem, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nehalem, OR

% of Rental Stock

Property Listings — Nehalem, OR

Demographics — Nehalem, OR

Race and Ethnicity

Mortgage and Risk — Nehalem, OR

Mortgages

Rentals and Section 8 — Nehalem, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Nehalem, OR

Home Price to Income Ratio

Nehalem, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Arch Cape, OR

Arch Cape

Hamlet, OR

Cannon Beach

Warrenton, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	8.3
Median Home Price	$571,000
Median Household Income	$67,700

Nehalem, OR—97131

Key Metrics at a Glance

Home Price Trends — Nehalem, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Nehalem, OR

% of Rental Stock

Property Listings — Nehalem, OR

Demographics — Nehalem, OR

Race and Ethnicity

Mortgage and Risk — Nehalem, OR

Mortgages

Rentals and Section 8 — Nehalem, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Nehalem, OR

Home Price to Income Ratio

Nehalem, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Arch Cape, OR

Arch Cape

Hamlet, OR

Cannon Beach

Warrenton, OR

Frequently Asked Questions

What is the average home price in Nehalem, OR 97131?

How have home prices in Nehalem, OR 97131 changed over the past year?

What is the home price projection for Nehalem, OR 97131?

What are the demographics of Nehalem, OR 97131?

How long does it take homes to sell in Nehalem, OR 97131?

What is the average rent price in Nehalem, OR 97131?