Banks, OR—97106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Banks, OR
As of Oct '25, the median home price in Banks, OR is $625,000, with a year-over-year change of -0.3%. This indicates that home prices in Banks, OR are flat. 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 | $625,000 | -0.3% |
| Single Family | $624,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $616,000 | -0.3% |
4 Bed | $635,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Banks, OR
Banks, OR lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,800 | $2,900 |
% of Rental Stock
Property Listings — Banks, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Banks, OR is 79. This is a increase of 20.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $597,000 | -21.0% |
Listing Count | 24 | 42.0% |
| Listings as % of Homes | 0.6% | 42.0% |
Days on Market | 79 | 20.0% |
Demographics — Banks, OR
As of the latest ACS Survey released in 2023, Banks, OR has a population of 5,010, which has decreased by -2.3% over the past 5 years. Banks, OR is a moderately popular place for families, as children make up 23.8% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,010 | -2.3% |
% Under 18 | 23.8% | -8.1% |
% Seniors | 14.7% | 23.5% |
% WFH | 17.4% | 59.6% |
% w/ College Degree | 41.1% | 17.4% |
As of the latest ACS Survey released in 2023, Banks, OR is a predominantly white area, with 84.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Banks, OR is hispanic, making up 6.3% of the population. Foreign-born residents account for 5.5% of the population in Banks, OR, and this percentage has increased by 37.5% 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 | 84.0% | -5.8% |
% Black | 0.4% | 300.0% |
% Hispanic | 6.3% | 0.0% |
% Asian | 2.2% | 46.7% |
% Foreign Born | 5.5% | 37.5% |
Mortgage and Risk — Banks, OR
According to HUD data as of 2023, there were 123 mortgage originations in Banks, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Banks, OR. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Banks, OR
Banks, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,690 |
| 2 Bedroom | N/A | N/A | $1,930 |
| 3 Bedroom | N/A | N/A | $2,650 |
| 4 Bedroom | $310 | $2,800 | $3,110 |
Affordability — Banks, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $625,000 |
| Median Household Income | $108,000 |