La Grande, OR—97850
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — La Grande, OR
As of Oct '25, the median home price in La Grande, OR is $319,000, with a year-over-year change of 5.5%. This indicates that home prices in La Grande, OR are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $319,000 | 5.5% |
| Single Family | $319,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 4.8% |
3 Bed | $331,000 | 5.1% |
4 Bed | $392,000 | 5.7% |
| 5 Bed | $461,000 | 6.0% |
% of Housing Stock
Rental Trends — La Grande, OR
As of July '25, Rentcast reports the average rent in La Grande, OR is $1,400, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in La Grande, OR is studios: $844, 1-bedrooms: $961, 2-bedrooms: $1,230, 3-bedrooms: $1,660, 4-bedrooms: $2,410. The most common rental property sizes in La Grande, OR are 2-bedroom and 3-bedroom, accounting for 40.6% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,400 |
| Studio Rent | $800 | $844 |
| 1 Bed Rent | $979 | $961 |
| 2 Bed Rent | $1,250 | $1,230 |
| 3 Bed Rent | $1,650 | $1,660 |
| 4 Bed Rent | $2,500 | $2,410 |
% of Rental Stock
Property Listings — La Grande, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in La Grande, OR is 66. This is a increase of 54.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $364,000 | 14.0% |
Listing Count | 65 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 66 | 54.0% |
Demographics — La Grande, OR
As of the latest ACS Survey released in 2023, La Grande, OR has a population of 16,500, which has decreased by -3.7% over the past 5 years. La Grande, OR is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | -3.7% |
% Under 18 | 22.1% | -0.5% |
% Seniors | 20.3% | 19.4% |
% WFH | 6.6% | 43.5% |
% w/ College Degree | 27.1% | 3.0% |
As of the latest ACS Survey released in 2023, La Grande, OR is a predominantly white area, with 84.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in La Grande, OR is hispanic, making up 5.5% of the population. Foreign-born residents account for 3.7% of the population in La Grande, OR, and this percentage has decreased by 14.0% 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 | 84.9% | -1.8% |
% Black | 1.0% | 11.1% |
% Hispanic | 5.5% | -8.3% |
% Asian | 1.6% | 23.1% |
% Foreign Born | 3.7% | -14.0% |
Mortgage and Risk — La Grande, OR
According to HUD data as of 2023, there were 248 mortgage originations in La Grande, OR, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in La Grande, OR. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — La Grande, OR
La Grande, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 647 |
Total Units Section 8 | 647 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$119 | $979 | $860 |
| 2 Bedroom | -$150 | $1,250 | $1,100 |
| 3 Bedroom | -$110 | $1,650 | $1,540 |
| 4 Bedroom | -$650 | $2,500 | $1,850 |
Affordability — La Grande, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $319,000 |
| Median Household Income | $62,400 |