Terrebonne, OR—97760
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Terrebonne, OR
As of Oct '25, the median home price in Terrebonne, OR is $575,000, 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 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $575,000 | 1.5% |
| Single Family | $575,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $471,000 | 0.6% |
3 Bed | $581,000 | 1.2% |
4 Bed | $649,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $2,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | $1,700 | $2,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Terrebonne, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Terrebonne, OR is 98. This is a increase of 73.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $850,000 | 14.0% |
Listing Count | 53 | 34.0% |
| Listings as % of Homes | 0.7% | 34.0% |
Days on Market | 98 | 73.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,180 | 15.0% |
% Under 18 | 11.2% | -33.7% |
% Seniors | 31.6% | 3.9% |
% WFH | 17.0% | 30.8% |
% w/ College Degree | 28.0% | 35.3% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,160 |
| 2 Bedroom | -$280 | $1,750 | $1,470 |
| 3 Bedroom | $360 | $1,700 | $2,060 |
| 4 Bedroom | N/A | N/A | $2,480 |
Affordability — Terrebonne, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $575,000 |
| Median Household Income | $84,200 |