Phoenix, OR 97535 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Phoenix, OR—97535

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$405,000

3.1% YoY Growth

Household Income

$60,500

52.3% YoY Growth

Days on Market

24.0% Shorter YoY

Home Price Forecast

-2.4%

Median Rent

$1,500

3.4% YoY Growth

1-Bed Rent

$1,090

7.3% YoY Growth

2-Bed Rent

$1,500

11.3% YoY Growth

3-Bed Rent

$2,000

8.4% YoY Growth

Home Price Trends — Phoenix, OR

As of May '26, the median home price in Phoenix, OR is $405,000, with a year-over-year change of 3.1%. This indicates that home prices in Phoenix, OR are increasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$405,000	3.1%
Single Family	$407,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Phoenix, OR

As of July '25, Rentcast reports the average rent in Phoenix, OR is $1,530, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Phoenix, OR is 1-bedrooms: $1,180, 2-bedrooms: $1,480, 3-bedrooms: $1,940. The most common rental property sizes in Phoenix, OR are 2-bedroom and 3-bedroom, accounting for 53.8% and 27.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,530
Studio Rent	N/A	N/A
1 Bed Rent	$1,090	$1,180
2 Bed Rent	$1,500	$1,480
3 Bed Rent	$2,000	$1,940
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

18.2%

2 Bedrooms

53.8%

3 Bedrooms

27.9%

Property Listings — Phoenix, OR

As of May '26, Realtor.com reports that the median days on market for a home in Phoenix, OR is 48. This is a decrease of -24.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$422,000	-8.0%
Listing Count	23	9.0%
Listings as % of Homes	0.8%	9.0%
Days on Market	48	-24.0%

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Demographics — Phoenix, OR

As of the latest ACS Survey released in 2023, Phoenix, OR has a population of 4,770, which has decreased by -11.7% over the past 5 years. Phoenix, OR is a less popular place for families, as children make up 11.9% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,770	-11.7%
% Under 18	11.9%	-9.8%
% Seniors	34.0%	21.4%
% WFH	10.2%	385.7%
% w/ College Degree	30.1%	67.2%

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As of the latest ACS Survey released in 2023, Phoenix, OR is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Phoenix, OR is hispanic, making up 13.1% of the population. Foreign-born residents account for 5.5% of the population in Phoenix, OR, and this percentage has decreased by 22.5% 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	77.3%	-7.3%
% Black	0.2%	-80.0%
% Hispanic	13.1%	40.9%
% Asian	0.3%	-78.6%
% Foreign Born	5.5%	-22.5%

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Mortgage and Risk — Phoenix, OR

According to HUD data as of 2023, there were 111 mortgage originations in Phoenix, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Phoenix, OR. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	111
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	8.0%
% Second Loans	2.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Phoenix, OR

Phoenix, OR lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	55
Total Units Section 8	55
% Rentals under Section 8	9.0%
% Occupied Section 8	92.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$50	$1,090	$1,040
2 Bedroom	-$170	$1,500	$1,330
3 Bedroom	-$140	$2,000	$1,860
4 Bedroom	N/A	N/A	$2,200

Phoenix, OR—97535

Key Metrics at a Glance

Home Price Trends — Phoenix, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phoenix, OR

% of Rental Stock

Property Listings — Phoenix, OR

Demographics — Phoenix, OR

Race and Ethnicity

Mortgage and Risk — Phoenix, OR

Mortgages

Rentals and Section 8 — Phoenix, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Phoenix, OR

Home Price to Income Ratio

Phoenix, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Medford, OR

Talent, OR

Medford, OR

Central Point, OR

Eagle Point, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.4
Median Home Price	$405,000
Median Household Income	$60,500

Phoenix, OR—97535

Key Metrics at a Glance

Home Price Trends — Phoenix, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phoenix, OR

% of Rental Stock

Property Listings — Phoenix, OR

Demographics — Phoenix, OR

Race and Ethnicity

Mortgage and Risk — Phoenix, OR

Mortgages

Rentals and Section 8 — Phoenix, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Phoenix, OR

Home Price to Income Ratio

Phoenix, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Medford, OR

Talent, OR

Medford, OR

Central Point, OR

Eagle Point, OR

Frequently Asked Questions

What is the average home price in Phoenix, OR 97535?

How have home prices in Phoenix, OR 97535 changed over the past year?

What is the home price projection for Phoenix, OR 97535?

What are the demographics of Phoenix, OR 97535?

How long does it take homes to sell in Phoenix, OR 97535?

What is the average rent price in Phoenix, OR 97535?