Monmouth, OR—97361
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Monmouth, OR
As of Oct '25, the median home price in Monmouth, OR is $467,000, with a year-over-year change of 0.6%. This indicates that home prices in Monmouth, OR are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $467,000 | 0.6% |
| Single Family | $467,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $392,000 | 1.3% |
3 Bed | $449,000 | 0.7% |
4 Bed | $508,000 | 0.8% |
| 5 Bed | $612,000 | -0.2% |
% of Housing Stock
Rental Trends — Monmouth, OR
As of July '25, Rentcast reports the average rent in Monmouth, OR is $1,640, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Monmouth, OR is studios: $900, 1-bedrooms: $1,050, 2-bedrooms: $1,500, 3-bedrooms: $2,050, 4-bedrooms: $2,620. The most common rental property sizes in Monmouth, OR are 2-bedroom and 3-bedroom, accounting for 43.2% and 22.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,640 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $950 | $1,050 |
| 2 Bed Rent | $1,480 | $1,500 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $2,700 | $2,620 |
% of Rental Stock
Property Listings — Monmouth, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Monmouth, OR is 76. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | 8.0% |
Listing Count | 32 | -12.0% |
| Listings as % of Homes | 0.6% | -12.0% |
Days on Market | 76 | 0.0% |
Demographics — Monmouth, OR
As of the latest ACS Survey released in 2023, Monmouth, OR has a population of 14,000, which has increased by 15.4% over the past 5 years. Monmouth, OR is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,000 | 15.4% |
% Under 18 | 20.4% | 7.4% |
% Seniors | 15.6% | 30.0% |
% WFH | 12.0% | 192.7% |
% w/ College Degree | 28.1% | -27.6% |
As of the latest ACS Survey released in 2023, Monmouth, OR is a predominantly white area, with 75.8% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Monmouth, OR is hispanic, making up 15.7% of the population. Foreign-born residents account for 6.0% of the population in Monmouth, OR, and this percentage has decreased by 44.4% 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 | 75.8% | 0.8% |
% Black | 1.1% | -75.0% |
% Hispanic | 15.7% | 36.5% |
% Asian | 1.3% | -59.4% |
% Foreign Born | 6.0% | -44.4% |
Mortgage and Risk — Monmouth, OR
According to HUD data as of 2023, there were 187 mortgage originations in Monmouth, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Monmouth, OR. Investor activity is low, as 2.0% 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 | 187 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Monmouth, OR
As of 2024, the percent of homes in Monmouth, OR under the Section 8 program is 13.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Monmouth, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 290 |
Total Units Section 8 | 290 |
% Rentals under Section 8 | 13.9% |
% Occupied Section 8 | 69.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $950 | $1,170 |
| 2 Bedroom | $30 | $1,480 | $1,510 |
| 3 Bedroom | $100 | $2,000 | $2,100 |
| 4 Bedroom | -$420 | $2,700 | $2,280 |
Affordability — Monmouth, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $467,000 |
| Median Household Income | $70,600 |