Bandon, OR—97411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bandon, OR
As of Oct '25, the median home price in Bandon, OR is $480,000, with a year-over-year change of -0.8%. This indicates that home prices in Bandon, OR are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -0.8% |
| Single Family | $480,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $364,000 | -3.4% |
2 Bed | $404,000 | -2.4% |
3 Bed | $515,000 | -0.4% |
4 Bed | $646,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bandon, OR
As of July '25, Rentcast reports the average rent in Bandon, OR is $1,600, with a year-over-year rent change of -23.1%. Per bedroom, the median rent as of July '25 in Bandon, OR is 1-bedrooms: $1,080, 2-bedrooms: $1,410, 3-bedrooms: $2,120. The most common rental property sizes in Bandon, OR are 2-bedroom and 3-bedroom, accounting for 39.0% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,080 |
| 2 Bed Rent | $1,120 | $1,410 |
| 3 Bed Rent | $1,700 | $2,120 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bandon, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Bandon, OR is 111. This is a increase of 35.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $749,000 | 0.0% |
Listing Count | 83 | 15.0% |
| Listings as % of Homes | 1.2% | 15.0% |
Days on Market | 111 | 35.0% |
Demographics — Bandon, OR
As of the latest ACS Survey released in 2023, Bandon, OR has a population of 7,630, which has remained stable by 0.8% over the past 5 years. Bandon, OR is a less popular place for families, as children make up 10.9% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,630 | 0.8% |
% Under 18 | 10.9% | -31.0% |
% Seniors | 36.4% | 11.0% |
% WFH | 13.1% | 129.8% |
% w/ College Degree | 26.6% | 35.7% |
As of the latest ACS Survey released in 2023, Bandon, OR is a predominantly white area, with 90.8% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Bandon, OR is hispanic, making up 1.7% of the population. Foreign-born residents account for 2.2% of the population in Bandon, OR, and this percentage has decreased by 63.3% 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 | 90.8% | 3.3% |
% Black | 0.2% | -71.4% |
% Hispanic | 1.7% | -75.4% |
% Asian | 0.3% | -82.4% |
% Foreign Born | 2.2% | -63.3% |
Mortgage and Risk — Bandon, OR
According to HUD data as of 2023, there were 135 mortgage originations in Bandon, OR, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Bandon, OR. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Bandon, OR
Bandon, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 83 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,080 | $1,110 |
| 2 Bedroom | $300 | $1,120 | $1,420 |
| 3 Bedroom | $290 | $1,700 | $1,990 |
| 4 Bedroom | N/A | N/A | $2,380 |
Affordability — Bandon, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.7 |
| Median Home Price | $480,000 |
| Median Household Income | $48,500 |