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Terrebonne, OR—97760

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$571,000
1.5% YoY Growth
Household Income
$84,200
38.7% YoY Growth
Days on Market
109
51.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,750
14.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,750
0.0% YoY Growth
3-Bed Rent
$1,700
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Terrebonne, OR

As of Dec '25, the median home price in Terrebonne, OR is $571,000, with a year-over-year change of 1.5%. This indicates that home prices in Terrebonne, OR are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$571,0001.5%
Single Family $571,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$466,0000.6%
    3 Bed
    		$577,0001.1%
    4 Bed
    		$644,0000.3%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    1.8%
    2 Bedrooms
    19.7%
    3 Bedrooms
    57.7%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    2.7%

    Rental Trends — Terrebonne, OR

    As of July '25, Rentcast reports the average rent in Terrebonne, OR is $2,150, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Terrebonne, OR is 2-bedrooms: $1,750, 3-bedrooms: $2,350. The most common rental property sizes in Terrebonne, OR are 2-bedroom and 3-bedroom, accounting for 36.6% and 29.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,750$2,150
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,750$1,750
    3 Bed Rent $1,700$2,350
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    14.5%
    2 Bedrooms
    36.6%
    3 Bedrooms
    29.0%
    4 Bedrooms
    15.5%
    5+ Bedrooms
    4.3%

    Property Listings — Terrebonne, OR

    As of Dec '25, Realtor.com reports that the median days on market for a home in Terrebonne, OR is 119. This is a increase of 72.0% 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 8.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$862,00022.0%
    Listing Count
    		4610.0%
    Listings as % of Homes0.7%10.0%
    Days on Market
    		10951.0%
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    Demographics — Terrebonne, OR

    As of the latest ACS Survey released in 2023, Terrebonne, OR has a population of 8,180, which has increased by 15.0% over the past 5 years. Terrebonne, OR is a less popular place for families, as children make up 11.2% of the population. The area has a moderately educated workforce, with 28.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,18015.0%
    % Under 18
    		11.2%-33.7%
    % Seniors
    		31.6%3.9%
    % WFH
    		17.0%30.8%
    % w/ College Degree
    		28.0%35.3%
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    As of the latest ACS Survey released in 2023, Terrebonne, OR is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Terrebonne, OR is hispanic, making up 6.8% of the population. Foreign-born residents account for 5.1% of the population in Terrebonne, OR, and this percentage has increased by 240.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.8%-4.5%
    % Black
    		0.0%-100.0%
    % Hispanic
    		6.8%70.0%
    % Asian
    		0.4%100.0%
    % Foreign Born
    		5.1%240.0%
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    Mortgage and Risk — Terrebonne, OR

    According to HUD data as of 2023, there were 272 mortgage originations in Terrebonne, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Terrebonne, OR. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		272
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Terrebonne, OR

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

    Section 8 Market Size

    Total Units under HUD
    		12
    Total Units Section 8
    		12
    % Rentals under Section 8
    		4.6%
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,160
    2 Bedroom-$280$1,750$1,470
    3 Bedroom$360$1,700$2,060
    4 BedroomN/AN/A$2,480

    Affordability — Terrebonne, OR

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio6.4
    Median Home Price$571,000
    Median Household Income$84,200

    Terrebonne, OR — ZIP Code Boundary Map

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    Frequently Asked Questions