Coos Bay, OR—97420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coos Bay, OR
As of Oct '25, the median home price in Coos Bay, OR is $321,000, with a year-over-year change of -1.7%. This indicates that home prices in Coos Bay, OR are decreasing. 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 | $321,000 | -1.7% |
| Single Family | $322,000 | -1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $215,000 | -3.6% |
2 Bed | $258,000 | -2.3% |
3 Bed | $344,000 | -1.4% |
4 Bed | $395,000 | -1.7% |
| 5 Bed | $432,000 | -2.0% |
% of Housing Stock
Rental Trends — Coos Bay, OR
As of July '25, Rentcast reports the average rent in Coos Bay, OR is $1,610, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Coos Bay, OR is studios: $1,300, 1-bedrooms: $1,160, 2-bedrooms: $1,510, 3-bedrooms: $2,110. The most common rental property sizes in Coos Bay, OR are 2-bedroom and 3-bedroom, accounting for 43.0% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,610 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,050 | $1,160 |
| 2 Bed Rent | $1,350 | $1,510 |
| 3 Bed Rent | $2,200 | $2,110 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coos Bay, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Coos Bay, OR is 74. This is a decrease of -13.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | 1.0% |
Listing Count | 126 | -5.0% |
| Listings as % of Homes | 0.6% | -5.0% |
Days on Market | 74 | -13.0% |
Demographics — Coos Bay, OR
As of the latest ACS Survey released in 2023, Coos Bay, OR has a population of 27,600, which has remained stable by -0.7% over the past 5 years. Coos Bay, OR is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 19.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | -0.7% |
% Under 18 | 18.2% | -8.5% |
% Seniors | 24.0% | 4.8% |
% WFH | 8.7% | 52.6% |
% w/ College Degree | 19.3% | 1.6% |
As of the latest ACS Survey released in 2023, Coos Bay, OR is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Coos Bay, OR is hispanic, making up 9.9% of the population. Foreign-born residents account for 5.1% of the population in Coos Bay, OR, and this percentage has increased by 50.0% 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% | -1.9% |
% Black | 0.8% | -20.0% |
% Hispanic | 9.9% | 26.9% |
% Asian | 1.1% | -15.4% |
% Foreign Born | 5.1% | 50.0% |
Mortgage and Risk — Coos Bay, OR
According to HUD data as of 2023, there were 489 mortgage originations in Coos Bay, OR, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Coos Bay, 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 | 489 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Coos Bay, OR
Coos Bay, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 535 |
Total Units Section 8 | 501 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $1,050 | $860 |
| 2 Bedroom | -$250 | $1,350 | $1,100 |
| 3 Bedroom | -$660 | $2,200 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,850 |
Affordability — Coos Bay, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $321,000 |
| Median Household Income | $61,600 |