Cottage Grove, OR—97424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cottage Grove, OR
As of Oct '25, the median home price in Cottage Grove, OR is $392,000, with a year-over-year change of 0.2%. This indicates that home prices in Cottage Grove, OR are flat. 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 | $392,000 | 0.2% |
| Single Family | $392,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $280,000 | 0.0% |
2 Bed | $320,000 | 0.3% |
3 Bed | $395,000 | 0.8% |
4 Bed | $466,000 | 1.1% |
| 5 Bed | $517,000 | 1.8% |
% of Housing Stock
Rental Trends — Cottage Grove, OR
As of July '25, Rentcast reports the average rent in Cottage Grove, OR is $1,660, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Cottage Grove, OR is 1-bedrooms: $1,140, 2-bedrooms: $1,600, 3-bedrooms: $2,110. The most common rental property sizes in Cottage Grove, OR are 2-bedroom and 1-bedroom, accounting for 44.7% and 26.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,140 |
| 2 Bed Rent | $1,300 | $1,600 |
| 3 Bed Rent | $2,000 | $2,110 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cottage Grove, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Cottage Grove, OR is 56. This is a increase of 7.0% 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 51.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $469,000 | -2.0% |
Listing Count | 83 | 2.0% |
| Listings as % of Homes | 0.5% | 2.0% |
Days on Market | 56 | 7.0% |
Demographics — Cottage Grove, OR
As of the latest ACS Survey released in 2023, Cottage Grove, OR has a population of 18,900, which has increased by 5.8% over the past 5 years. Cottage Grove, OR is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | 5.8% |
% Under 18 | 19.5% | -1.0% |
% Seniors | 20.1% | -1.5% |
% WFH | 11.1% | 56.3% |
% w/ College Degree | 21.7% | 16.0% |
As of the latest ACS Survey released in 2023, Cottage Grove, OR is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Cottage Grove, OR is hispanic, making up 7.4% of the population. Foreign-born residents account for 2.7% of the population in Cottage Grove, OR, and this percentage has decreased by 18.2% 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 | 81.5% | -5.2% |
% Black | 0.1% | -87.5% |
% Hispanic | 7.4% | -9.8% |
% Asian | 2.6% | 766.7% |
% Foreign Born | 2.7% | -18.2% |
Mortgage and Risk — Cottage Grove, OR
According to HUD data as of 2023, there were 318 mortgage originations in Cottage Grove, OR, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cottage Grove, OR. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 318 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Cottage Grove, OR
Cottage Grove, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 212 |
Total Units Section 8 | 153 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,100 | $1,010 |
| 2 Bedroom | $30 | $1,300 | $1,330 |
| 3 Bedroom | -$140 | $2,000 | $1,860 |
| 4 Bedroom | N/A | N/A | $2,230 |
Affordability — Cottage Grove, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $392,000 |
| Median Household Income | $72,000 |