Hamlet, OR—97138
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hamlet, OR
As of Oct '25, the median home price in Hamlet, OR is $502,000, with a year-over-year change of -1.7%. This indicates that home prices in Hamlet, OR are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $502,000 | -1.7% |
| Single Family | $541,000 | -1.5% |
| Condos | $401,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $297,000 | 0.0% |
2 Bed | $427,000 | -1.8% |
3 Bed | $555,000 | -1.2% |
4 Bed | $696,000 | -0.4% |
| 5 Bed | $856,000 | -0.8% |
% of Housing Stock
Rental Trends — Hamlet, OR
As of July '25, Rentcast reports the average rent in Hamlet, OR is $2,040, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Hamlet, OR is studios: $1,400, 1-bedrooms: $988, 2-bedrooms: $1,970, 3-bedrooms: $3,160. The most common rental property sizes in Hamlet, OR are 2-bedroom and studio, accounting for 36.2% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,040 |
| Studio Rent | $1,300 | $1,400 |
| 1 Bed Rent | $900 | $988 |
| 2 Bed Rent | $1,950 | $1,970 |
| 3 Bed Rent | $3,200 | $3,160 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hamlet, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hamlet, OR is 98. This is a increase of 7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $630,000 | -1.0% |
Listing Count | 121 | 28.0% |
| Listings as % of Homes | 0.8% | 28.0% |
Days on Market | 98 | 7.0% |
Demographics — Hamlet, OR
As of the latest ACS Survey released in 2023, Hamlet, OR has a population of 11,700, which has increased by 13.9% over the past 5 years. Hamlet, OR is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 27.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,700 | 13.9% |
% Under 18 | 17.2% | -7.0% |
% Seniors | 25.6% | 17.4% |
% WFH | 13.8% | 170.6% |
% w/ College Degree | 27.9% | 29.8% |
As of the latest ACS Survey released in 2023, Hamlet, OR is a predominantly white area, with 88.6% of the population identifying as white. The white population has grown by 5.0% in the last 5 years. The second most common race or ethnicity in Hamlet, OR is hispanic, making up 6.8% of the population. Foreign-born residents account for 2.5% of the population in Hamlet, OR, and this percentage has decreased by 63.8% 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 | 88.6% | 5.0% |
% Black | 1.2% | 100.0% |
% Hispanic | 6.8% | -29.9% |
% Asian | 1.5% | 7.1% |
% Foreign Born | 2.5% | -63.8% |
Mortgage and Risk — Hamlet, OR
According to HUD data as of 2023, there were 285 mortgage originations in Hamlet, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Hamlet, OR. Investor activity is low, as 6.0% 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 | 285 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 6.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Hamlet, OR
Hamlet, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $900 | $950 |
| 2 Bedroom | -$710 | $1,950 | $1,240 |
| 3 Bedroom | -$1,540 | $3,200 | $1,660 |
| 4 Bedroom | N/A | N/A | $2,080 |
Affordability — Hamlet, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $502,000 |
| Median Household Income | $52,000 |