Elmira, OR—97437
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elmira, OR
As of Oct '25, the median home price in Elmira, OR is $524,000, with a year-over-year change of 2.0%. This indicates that home prices in Elmira, OR are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | 2.0% |
| Single Family | $523,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $444,000 | 4.5% |
3 Bed | $555,000 | 4.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elmira, OR
Elmira, OR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elmira, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Elmira, OR is 89. This is a increase of 96.0% 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 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | -7.0% |
Listing Count | 7 | -14.0% |
| Listings as % of Homes | 0.6% | -14.0% |
Days on Market | 89 | 96.0% |
Demographics — Elmira, OR
As of the latest ACS Survey released in 2023, Elmira, OR has a population of 2,460, which has decreased by -15.5% over the past 5 years. Elmira, OR is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,460 | -15.5% |
% Under 18 | 23.4% | 34.5% |
% Seniors | 19.6% | -18.7% |
% WFH | 9.9% | 67.8% |
% w/ College Degree | 17.8% | -25.5% |
As of the latest ACS Survey released in 2023, Elmira, OR is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Elmira, OR is hispanic, making up 5.6% of the population. Foreign-born residents account for 2.2% of the population in Elmira, OR, and this percentage has decreased by 12.0% 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 | 91.1% | -3.1% |
% Black | 1.3% | ∞% |
% Hispanic | 5.6% | 300.0% |
% Asian | 0.8% | -33.3% |
% Foreign Born | 2.2% | -12.0% |
Mortgage and Risk — Elmira, OR
According to HUD data as of 2023, there were 98 mortgage originations in Elmira, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Elmira, 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 | 98 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Elmira, OR
Elmira, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,080 |
| 2 Bedroom | N/A | N/A | $1,420 |
| 3 Bedroom | N/A | N/A | $1,990 |
| 4 Bedroom | N/A | N/A | $2,380 |
Affordability — Elmira, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $524,000 |
| Median Household Income | $91,100 |