Sublimity, OR—97385
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sublimity, OR
As of Oct '25, the median home price in Sublimity, OR is $572,000, with a year-over-year change of 2.0%. This indicates that home prices in Sublimity, OR are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $572,000 | 2.0% |
| Single Family | $575,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $542,000 | 1.7% |
4 Bed | $615,000 | 1.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sublimity, OR
As of July '25, Rentcast reports the average rent in Sublimity, OR is $2,280, with a year-over-year rent change of 74.0%. Per bedroom, the median rent as of July '25 in Sublimity, OR is 2-bedrooms: $1,400, 3-bedrooms: $2,360, 4-bedrooms: $2,820. The most common rental property sizes in Sublimity, OR are 2-bedroom and 3-bedroom, accounting for 35.9% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,200 | $2,360 |
| 4 Bed Rent | $2,820 | $2,820 |
% of Rental Stock
Property Listings — Sublimity, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Sublimity, OR is 62. This is a increase of 14.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $639,000 | -3.0% |
Listing Count | 13 | -26.0% |
| Listings as % of Homes | 0.7% | -26.0% |
Days on Market | 62 | 14.0% |
Demographics — Sublimity, OR
As of the latest ACS Survey released in 2023, Sublimity, OR has a population of 3,880, which has increased by 9.3% over the past 5 years. Sublimity, OR is a popular place for families, as children make up 27.3% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,880 | 9.3% |
% Under 18 | 27.3% | 13.8% |
% Seniors | 23.5% | -6.4% |
% WFH | 14.5% | 72.6% |
% w/ College Degree | 32.2% | 37.0% |
As of the latest ACS Survey released in 2023, Sublimity, OR is a predominantly white area, with 76.7% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Sublimity, OR is hispanic, making up 17.1% of the population. Foreign-born residents account for 9.3% of the population in Sublimity, OR, and this percentage has decreased by 17.0% 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 | 76.7% | -4.1% |
% Black | 0.0% | N/A |
% Hispanic | 17.1% | 2.4% |
% Asian | 1.4% | -12.5% |
% Foreign Born | 9.3% | -17.0% |
Mortgage and Risk — Sublimity, OR
According to HUD data as of 2023, there were 158 mortgage originations in Sublimity, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Sublimity, OR. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sublimity, OR
Sublimity, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,260 |
| 2 Bedroom | $220 | $1,400 | $1,620 |
| 3 Bedroom | $60 | $2,200 | $2,260 |
| 4 Bedroom | -$370 | $2,820 | $2,450 |
Affordability — Sublimity, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $572,000 |
| Median Household Income | $86,800 |