Depoe Bay, OR—97341
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Depoe Bay, OR
Home Price Trends — Depoe Bay, OR
As of Nov '25, the median home price in Depoe Bay, OR is $546,000, with a year-over-year change of -1.3%. This indicates that home prices in Depoe Bay, OR are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $546,000 | -1.3% |
| Single Family | $563,000 | -1.7% |
| Condos | $483,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $443,000 | -0.9% |
3 Bed | $608,000 | -1.5% |
4 Bed | $808,000 | -3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Depoe Bay, OR
As of July '25, Rentcast reports the average rent in Depoe Bay, OR is $1,800, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Depoe Bay, OR is studios: $900, 1-bedrooms: $1,190, 2-bedrooms: $1,760, 3-bedrooms: $2,390. The most common rental property sizes in Depoe Bay, OR are 2-bedroom and 3-bedroom, accounting for 55.6% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,800 |
| Studio Rent | $900 | $900 |
| 1 Bed Rent | $1,100 | $1,190 |
| 2 Bed Rent | $1,700 | $1,760 |
| 3 Bed Rent | $2,600 | $2,390 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Depoe Bay, OR
As of Nov '25, Realtor.com reports that the median days on market for a home in Depoe Bay, OR is 109. This is a increase of 11.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -11.0% |
Listing Count | 62 | 2.0% |
| Listings as % of Homes | 1.0% | 2.0% |
Days on Market | 109 | 11.0% |
Demographics — Depoe Bay, OR
As of the latest ACS Survey released in 2023, Depoe Bay, OR has a population of 3,190, which has increased by 26.1% over the past 5 years. Depoe Bay, OR is a less popular place for families, as children make up 7.4% of the population. The area has a moderately educated workforce, with 31.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,190 | 26.1% |
% Under 18 | 7.4% | 2.8% |
% Seniors | 36.3% | -0.8% |
% WFH | 19.1% | 344.2% |
% w/ College Degree | 31.7% | 13.2% |
As of the latest ACS Survey released in 2023, Depoe Bay, OR is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Depoe Bay, OR is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.6% of the population in Depoe Bay, OR, and this percentage has decreased by 61.9% 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 | 88.7% | -0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.7% | -57.1% |
% Asian | 0.4% | -81.0% |
% Foreign Born | 1.6% | -61.9% |
Mortgage and Risk — Depoe Bay, OR
According to HUD data as of 2023, there were 79 mortgage originations in Depoe Bay, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Depoe Bay, OR. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 16.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Depoe Bay, OR
Depoe Bay, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 16 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,100 | $1,010 |
| 2 Bedroom | -$370 | $1,700 | $1,330 |
| 3 Bedroom | -$740 | $2,600 | $1,860 |
| 4 Bedroom | N/A | N/A | $2,230 |
Affordability — Depoe Bay, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $546,000 |
| Median Household Income | $62,900 |