Rainier, OR 97048 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rainier, OR—97048

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$411,000

0.1% YoY Growth

Household Income

$74,500

34.1% YoY Growth

Days on Market

114

2.0% Longer YoY

Home Price Forecast

0.0%

Median Rent

$2,200

9.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$2,200

4.3% YoY Growth

Home Price Trends — Rainier, OR

As of Dec '25, the median home price in Rainier, OR is $411,000, with a year-over-year change of 0.1%. This indicates that home prices in Rainier, OR are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$411,000	0.1%
Single Family	$411,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rainier, OR

As of July '25, Rentcast reports the average rent in Rainier, OR is $2,200, with a year-over-year rent change of 9.5%. Per bedroom, the median rent as of July '25 in Rainier, OR is 3-bedrooms: $2,200. The most common rental property sizes in Rainier, OR are 2-bedroom and 3-bedroom, accounting for 35.7% and 28.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,200	$2,200
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,200	$2,200
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

11.4%

1 Bedroom

13.9%

2 Bedrooms

35.7%

3 Bedrooms

28.5%

4 Bedrooms

6.1%

5+ Bedrooms

4.5%

Property Listings — Rainier, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Rainier, OR is 79. This is a decrease of -4.0% 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 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	$500,000	-7.0%
Listing Count	25	74.0%
Listings as % of Homes	0.7%	74.0%
Days on Market	114	2.0%

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Demographics — Rainier, OR

As of the latest ACS Survey released in 2023, Rainier, OR has a population of 7,100, which has decreased by -6.4% over the past 5 years. Rainier, OR is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	7,100	-6.4%
% Under 18	19.0%	0.5%
% Seniors	26.7%	44.3%
% WFH	13.3%	90.0%
% w/ College Degree	15.5%	2.6%

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As of the latest ACS Survey released in 2023, Rainier, OR is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Rainier, OR is hispanic, making up 5.0% of the population. Foreign-born residents account for 1.8% of the population in Rainier, OR, and this percentage has decreased by 25.0% 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	83.6%	-6.6%
% Black	0.5%	-16.7%
% Hispanic	5.0%	13.6%
% Asian	0.4%	0.0%
% Foreign Born	1.8%	-25.0%

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Mortgage and Risk — Rainier, OR

According to HUD data as of 2023, there were 141 mortgage originations in Rainier, OR, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Rainier, OR. Investor activity is low, as 1.0% 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	141
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Rainier, OR

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

Section 8 Market Size

Total Units under HUD	65
Total Units Section 8	65
% Rentals under Section 8	9.2%
% Occupied Section 8	87.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,600
2 Bedroom	N/A	N/A	$1,830
3 Bedroom	$330	$2,200	$2,530
4 Bedroom	N/A	N/A	$2,930

Rainier, OR—97048

Key Metrics at a Glance

Home Price Trends — Rainier, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rainier, OR

% of Rental Stock

Property Listings — Rainier, OR

Demographics — Rainier, OR

Race and Ethnicity

Mortgage and Risk — Rainier, OR

Mortgages

Rentals and Section 8 — Rainier, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Rainier, OR

Home Price to Income Ratio

Rainier, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Deer Island, OR

Saint Helens, OR

Longview, WA

Columbia City, OR

Kelso, WA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$411,000
Median Household Income	$74,500

Rainier, OR—97048

Key Metrics at a Glance

Home Price Trends — Rainier, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rainier, OR

% of Rental Stock

Property Listings — Rainier, OR

Demographics — Rainier, OR

Race and Ethnicity

Mortgage and Risk — Rainier, OR

Mortgages

Rentals and Section 8 — Rainier, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Rainier, OR

Home Price to Income Ratio

Rainier, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Deer Island, OR

Saint Helens, OR

Longview, WA

Columbia City, OR

Kelso, WA

Frequently Asked Questions

What is the average home price in Rainier, OR 97048?

How have home prices in Rainier, OR 97048 changed over the past year?

What is the home price projection for Rainier, OR 97048?

What are the demographics of Rainier, OR 97048?

How long does it take homes to sell in Rainier, OR 97048?

What is the average rent price in Rainier, OR 97048?