Brookings, OR—97415
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brookings, OR
As of Oct '25, the median home price in Brookings, OR is $476,000, with a year-over-year change of -2.5%. This indicates that home prices in Brookings, OR are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | -2.5% |
| Single Family | $480,000 | -2.6% |
| Condos | $390,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $448,000 | -5.3% |
2 Bed | $444,000 | -3.5% |
3 Bed | $519,000 | -1.5% |
4 Bed | $670,000 | -1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Brookings, OR
As of July '25, Rentcast reports the average rent in Brookings, OR is $1,850, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Brookings, OR is 1-bedrooms: $1,700, 2-bedrooms: $1,880. The most common rental property sizes in Brookings, OR are 3-bedroom and 2-bedroom, accounting for 40.5% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,800 | $1,880 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Brookings, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Brookings, OR is 95. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $681,000 | 4.0% |
Listing Count | 116 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 95 | -3.0% |
Demographics — Brookings, OR
As of the latest ACS Survey released in 2023, Brookings, OR has a population of 14,300, which has increased by 1.5% over the past 5 years. Brookings, OR is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 24.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 1.5% |
% Under 18 | 16.1% | 20.1% |
% Seniors | 34.4% | -4.4% |
% WFH | 15.3% | 225.5% |
% w/ College Degree | 24.0% | -0.4% |
As of the latest ACS Survey released in 2023, Brookings, OR is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Brookings, OR is hispanic, making up 8.7% of the population. Foreign-born residents account for 6.7% of the population in Brookings, OR, and this percentage has increased by 67.5% 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 | 81.5% | -2.7% |
% Black | 0.4% | -20.0% |
% Hispanic | 8.7% | -8.4% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 6.7% | 67.5% |
Mortgage and Risk — Brookings, OR
According to HUD data as of 2023, there were 201 mortgage originations in Brookings, OR, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Brookings, OR. Investor activity is low, as 4.0% 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 | 201 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Brookings, OR
Brookings, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$630 | $1,700 | $1,070 |
| 2 Bedroom | -$540 | $1,800 | $1,260 |
| 3 Bedroom | N/A | N/A | $1,770 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Brookings, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $476,000 |
| Median Household Income | $69,000 |