Myrtle Creek, OR—97457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Myrtle Creek, OR
As of Oct '25, the median home price in Myrtle Creek, OR is $289,000, with a year-over-year change of 0.5%. This indicates that home prices in Myrtle Creek, OR are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 0.5% |
| Single Family | $289,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 0.4% |
3 Bed | $308,000 | 0.7% |
4 Bed | $367,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Myrtle Creek, OR
As of July '25, Rentcast reports the average rent in Myrtle Creek, OR is $1,360, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Myrtle Creek, OR is 1-bedrooms: $788, 2-bedrooms: $1,100, 3-bedrooms: $1,980, 4-bedrooms: $2,450. The most common rental property sizes in Myrtle Creek, OR are 3-bedroom and 2-bedroom, accounting for 40.5% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $788 |
| 2 Bed Rent | $1,100 | $1,100 |
| 3 Bed Rent | $1,600 | $1,980 |
| 4 Bed Rent | $2,450 | $2,450 |
% of Rental Stock
Property Listings — Myrtle Creek, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Myrtle Creek, OR is 124. This is a increase of 2.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $411,000 | -2.0% |
Listing Count | 55 | 9.0% |
| Listings as % of Homes | 1.0% | 9.0% |
Days on Market | 124 | 2.0% |
Demographics — Myrtle Creek, OR
As of the latest ACS Survey released in 2023, Myrtle Creek, OR has a population of 10,200, which has remained stable by -0.3% over the past 5 years. Myrtle Creek, OR is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 10.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | -0.3% |
% Under 18 | 18.5% | -7.0% |
% Seniors | 27.2% | 11.9% |
% WFH | 9.3% | 86.0% |
% w/ College Degree | 10.6% | 24.7% |
As of the latest ACS Survey released in 2023, Myrtle Creek, OR is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Myrtle Creek, OR is hispanic, making up 5.9% of the population. Foreign-born residents account for 2.2% of the population in Myrtle Creek, OR, and this percentage has increased by 83.3% 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 | 86.7% | -1.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 5.9% | 118.5% |
% Asian | 0.5% | -16.7% |
% Foreign Born | 2.2% | 83.3% |
Mortgage and Risk — Myrtle Creek, OR
According to HUD data as of 2023, there were 151 mortgage originations in Myrtle Creek, OR, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Myrtle Creek, OR. Investor activity is low, as 3.0% 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 | 151 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Myrtle Creek, OR
Myrtle Creek, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $850 | $860 |
| 2 Bedroom | $30 | $1,100 | $1,130 |
| 3 Bedroom | -$20 | $1,600 | $1,580 |
| 4 Bedroom | -$550 | $2,450 | $1,900 |
Affordability — Myrtle Creek, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $289,000 |
| Median Household Income | $53,500 |