Monmouth, OR 97361 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Monmouth, OR—97361

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$478,000

1.3% YoY Growth

Household Income

$70,600

70.6% YoY Growth

Days on Market

39.0% Longer YoY

Home Price Forecast

-1.3%

Median Rent

$1,540

1.2% YoY Growth

1-Bed Rent

$950

29.3% YoY Growth

2-Bed Rent

$1,480

13.6% YoY Growth

3-Bed Rent

$2,000

2.5% YoY Growth

Home Price Trends — Monmouth, OR

As of May '26, the median home price in Monmouth, OR is $478,000, with a year-over-year change of 1.3%. This indicates that home prices in Monmouth, OR are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$478,000	1.3%
Single Family	$478,000	1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Monmouth, OR

As of July '25, Rentcast reports the average rent in Monmouth, OR is $1,640, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Monmouth, OR is studios: $900, 1-bedrooms: $1,050, 2-bedrooms: $1,500, 3-bedrooms: $2,050, 4-bedrooms: $2,620. The most common rental property sizes in Monmouth, OR are 2-bedroom and 3-bedroom, accounting for 43.2% and 22.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,540	$1,640
Studio Rent	$900	$900
1 Bed Rent	$950	$1,050
2 Bed Rent	$1,480	$1,500
3 Bed Rent	$2,000	$2,050
4 Bed Rent	$2,700	$2,620

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% of Rental Stock

Studio

2.7%

1 Bedroom

19.1%

2 Bedrooms

43.2%

3 Bedrooms

22.8%

4 Bedrooms

9.7%

5+ Bedrooms

2.5%

Property Listings — Monmouth, OR

As of May '26, Realtor.com reports that the median days on market for a home in Monmouth, OR is 65. This is a increase of 39.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$549,000	15.0%
Listing Count	38	17.0%
Listings as % of Homes	0.6%	17.0%
Days on Market	65	39.0%

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Demographics — Monmouth, OR

As of the latest ACS Survey released in 2023, Monmouth, OR has a population of 14,000, which has increased by 15.4% over the past 5 years. Monmouth, OR is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	14,000	15.4%
% Under 18	20.4%	7.4%
% Seniors	15.6%	30.0%
% WFH	12.0%	192.7%
% w/ College Degree	28.1%	-27.6%

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As of the latest ACS Survey released in 2023, Monmouth, OR is a predominantly white area, with 75.8% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Monmouth, OR is hispanic, making up 15.7% of the population. Foreign-born residents account for 6.0% of the population in Monmouth, OR, and this percentage has decreased by 44.4% 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	75.8%	0.8%
% Black	1.1%	-75.0%
% Hispanic	15.7%	36.5%
% Asian	1.3%	-59.4%
% Foreign Born	6.0%	-44.4%

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Mortgage and Risk — Monmouth, OR

According to HUD data as of 2023, there were 187 mortgage originations in Monmouth, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Monmouth, OR. Investor activity is low, as 2.0% 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	187
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Monmouth, OR

As of 2024, the percent of homes in Monmouth, OR under the Section 8 program is 13.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Monmouth, OR, because HUD payments exceed market rent, while 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	290
Total Units Section 8	290
% Rentals under Section 8	13.9%
% Occupied Section 8	69.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$220	$950	$1,170
2 Bedroom	$30	$1,480	$1,510
3 Bedroom	$100	$2,000	$2,100
4 Bedroom	-$420	$2,700	$2,280

Monmouth, OR—97361

Key Metrics at a Glance

Home Price Trends — Monmouth, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monmouth, OR

% of Rental Stock

Property Listings — Monmouth, OR

Demographics — Monmouth, OR

Race and Ethnicity

Mortgage and Risk — Monmouth, OR

Mortgages

Rentals and Section 8 — Monmouth, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Monmouth, OR

Home Price to Income Ratio

Monmouth, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Corvallis, OR

Dallas, OR

Falls City, OR

Independence, OR

Corvallis, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.3
Median Home Price	$478,000
Median Household Income	$70,600

Monmouth, OR—97361

Key Metrics at a Glance

Home Price Trends — Monmouth, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Monmouth, OR

% of Rental Stock

Property Listings — Monmouth, OR

Demographics — Monmouth, OR

Race and Ethnicity

Mortgage and Risk — Monmouth, OR

Mortgages

Rentals and Section 8 — Monmouth, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Monmouth, OR

Home Price to Income Ratio

Monmouth, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Corvallis, OR

Dallas, OR

Falls City, OR

Independence, OR

Corvallis, OR

Frequently Asked Questions

What is the average home price in Monmouth, OR 97361?

How have home prices in Monmouth, OR 97361 changed over the past year?

What is the home price projection for Monmouth, OR 97361?

What are the demographics of Monmouth, OR 97361?

How long does it take homes to sell in Monmouth, OR 97361?

What is the average rent price in Monmouth, OR 97361?