Grants Pass, OR—97526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grants Pass, OR
As of Oct '25, the median home price in Grants Pass, OR is $381,000, with a year-over-year change of -0.5%. This indicates that home prices in Grants Pass, OR are flat. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $381,000 | -0.5% |
| Single Family | $384,000 | -0.5% |
| Condos | $215,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $234,000 | -0.4% |
2 Bed | $296,000 | -0.7% |
3 Bed | $403,000 | -0.5% |
4 Bed | $499,000 | 0.8% |
| 5 Bed | $572,000 | 1.2% |
% of Housing Stock
Rental Trends — Grants Pass, OR
As of July '25, Rentcast reports the average rent in Grants Pass, OR is $1,630, with a year-over-year rent change of 5.2%. Per bedroom, the median rent as of July '25 in Grants Pass, OR is studios: $1,010, 1-bedrooms: $1,110, 2-bedrooms: $1,440, 3-bedrooms: $2,300, 4-bedrooms: $2,170. The most common rental property sizes in Grants Pass, OR are 2-bedroom and 3-bedroom, accounting for 48.1% and 20.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,630 |
| Studio Rent | $975 | $1,010 |
| 1 Bed Rent | $1,050 | $1,110 |
| 2 Bed Rent | $1,450 | $1,440 |
| 3 Bed Rent | $1,900 | $2,300 |
| 4 Bed Rent | $2,000 | $2,170 |
% of Rental Stock
Property Listings — Grants Pass, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Grants Pass, OR is 82. This is a increase of 4.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $535,000 | 6.0% |
Listing Count | 208 | 11.0% |
| Listings as % of Homes | 0.7% | 11.0% |
Days on Market | 82 | 4.0% |
Demographics — Grants Pass, OR
As of the latest ACS Survey released in 2023, Grants Pass, OR has a population of 36,100, which has increased by 1.7% over the past 5 years. Grants Pass, 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 20.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | 1.7% |
% Under 18 | 18.5% | -11.1% |
% Seniors | 26.5% | 13.7% |
% WFH | 10.3% | 171.1% |
% w/ College Degree | 20.0% | 10.5% |
As of the latest ACS Survey released in 2023, Grants Pass, OR is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Grants Pass, OR is hispanic, making up 8.1% of the population. Foreign-born residents account for 3.3% of the population in Grants Pass, OR, and this percentage has decreased by 32.7% 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 | 83.6% | -2.9% |
% Black | 0.5% | -37.5% |
% Hispanic | 8.1% | -3.6% |
% Asian | 0.8% | 60.0% |
% Foreign Born | 3.3% | -32.7% |
Mortgage and Risk — Grants Pass, OR
According to HUD data as of 2023, there were 600 mortgage originations in Grants Pass, OR, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Grants Pass, 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 | 600 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Grants Pass, OR
As of 2024, the percent of homes in Grants Pass, OR under the Section 8 program is 11.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Grants Pass, OR, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 651 |
Total Units Section 8 | 577 |
% Rentals under Section 8 | 11.7% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,050 | $980 |
| 2 Bedroom | -$170 | $1,450 | $1,280 |
| 3 Bedroom | -$110 | $1,900 | $1,790 |
| 4 Bedroom | $130 | $2,000 | $2,130 |
Affordability — Grants Pass, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $381,000 |
| Median Household Income | $57,100 |