Hamlet, OR 97138 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Hamlet, OR—97138

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$504,000

1.5% YoY Growth

Household Income

$52,000

10.6% YoY Growth

Days on Market

20.0% Shorter YoY

Home Price Forecast

-1.1%

Median Rent

$1,950

6.2% YoY Growth

1-Bed Rent

$900

30.4% YoY Growth

2-Bed Rent

$1,950

2.1% YoY Growth

3-Bed Rent

$3,200

38.0% YoY Growth

Home Price Trends — Hamlet, OR

As of May '25, the median home price in Hamlet, OR is $495,000, with a year-over-year change of -1.6%. This indicates that home prices in Hamlet, OR are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$504,000	-1.5%
Single Family	$542,000	-1.6%
Condos	$401,000	0.5%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

21.2%

1 Bedroom

20.3%

2 Bedrooms

36.2%

3 Bedrooms

17.1%

4 Bedrooms

4.6%

5+ Bedrooms

0.7%

Property Listings — Hamlet, OR

As of May '25, Realtor.com reports that the median days on market for a home in Hamlet, OR is 105. This is a increase of 19.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$612,000	4.0%
Listing Count	121	4.0%
Listings as % of Homes	0.8%	4.0%
Days on Market	68	-20.0%

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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%

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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%

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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%

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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

Hamlet, OR—97138

Key Metrics at a Glance

Home Price Trends — Hamlet, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamlet, OR

% of Rental Stock

Property Listings — Hamlet, OR

Demographics — Hamlet, OR

Race and Ethnicity

Mortgage and Risk — Hamlet, OR

Mortgages

Rentals and Section 8 — Hamlet, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamlet, OR

Home Price to Income Ratio

Hamlet, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Nehalem, OR

Astoria, OR

Cannon Beach

Arch Cape

Arch Cape, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	9.8
Median Home Price	$504,000
Median Household Income	$52,000

Hamlet, OR—97138

Key Metrics at a Glance

Home Price Trends — Hamlet, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Hamlet, OR

% of Rental Stock

Property Listings — Hamlet, OR

Demographics — Hamlet, OR

Race and Ethnicity

Mortgage and Risk — Hamlet, OR

Mortgages

Rentals and Section 8 — Hamlet, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Hamlet, OR

Home Price to Income Ratio

Hamlet, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Nehalem, OR

Astoria, OR

Cannon Beach

Arch Cape

Arch Cape, OR

Frequently Asked Questions

What is the average home price in Hamlet, OR 97138?

How have home prices in Hamlet, OR 97138 changed over the past year?

What is the home price projection for Hamlet, OR 97138?

What are the demographics of Hamlet, OR 97138?

How long does it take homes to sell in Hamlet, OR 97138?

What is the average rent price in Hamlet, OR 97138?