Otis, OR—97368
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Otis, OR
As of Oct '25, the median home price in Otis, OR is $449,000, with a year-over-year change of -4.5%. This indicates that home prices in Otis, OR are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $449,000 | -4.6% |
| Single Family | $451,000 | -4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $280,000 | -6.4% |
2 Bed | $373,000 | -5.3% |
3 Bed | $535,000 | -3.4% |
4 Bed | $708,000 | -3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Otis, OR
As of July '25, Rentcast reports the average rent in Otis, OR is $1,850, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Otis, OR is 2-bedrooms: $1,850. The most common rental property sizes in Otis, OR are 2-bedroom and 3-bedroom, accounting for 34.1% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,850 | $1,850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Otis, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Otis, OR is 109. This is a increase of 16.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $849,000 | 34.0% |
Listing Count | 30 | 15.0% |
| Listings as % of Homes | 0.5% | 15.0% |
Days on Market | 109 | 16.0% |
Demographics — Otis, OR
As of the latest ACS Survey released in 2023, Otis, OR has a population of 2,770, which has decreased by -21.0% over the past 5 years. Otis, OR is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 23.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,770 | -21.0% |
% Under 18 | 24.2% | 36.7% |
% Seniors | 27.4% | 21.2% |
% WFH | 5.6% | 93.1% |
% w/ College Degree | 23.8% | 25.9% |
As of the latest ACS Survey released in 2023, Otis, OR is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Otis, OR is hispanic, making up 10.9% of the population. Foreign-born residents account for 8.7% of the population in Otis, OR, and this percentage has increased by 180.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.0% | -4.8% |
% Black | 0.0% | N/A |
% Hispanic | 10.9% | 31.3% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 8.7% | 180.6% |
Mortgage and Risk — Otis, OR
According to HUD data as of 2023, there were 68 mortgage originations in Otis, OR, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Otis, OR. Investor activity is low, as 4.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 68 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 4.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Otis, OR
Otis, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% 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 | $980 |
| 2 Bedroom | -$560 | $1,850 | $1,290 |
| 3 Bedroom | N/A | N/A | $1,800 |
| 4 Bedroom | N/A | N/A | $2,160 |
Affordability — Otis, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $449,000 |
| Median Household Income | $59,300 |