Drain, OR—97435
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drain, OR
As of Nov '25, the median home price in Drain, OR is $297,000, with a year-over-year change of -2.6%. This indicates that home prices in Drain, OR are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $297,000 | -2.6% |
| Single Family | $296,000 | -3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | -2.7% |
3 Bed | $324,000 | -3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drain, OR
As of July '25, Rentcast reports the average rent in Drain, OR is $1,440, with a year-over-year rent change of -8.9%. Per bedroom, the median rent as of July '25 in Drain, OR is 1-bedrooms: $999, 2-bedrooms: $1,250, 3-bedrooms: $1,510, 4-bedrooms: $2,100. The most common rental property sizes in Drain, OR are 2-bedroom and 3-bedroom, accounting for 42.7% and 42.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $999 | $999 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,500 | $1,510 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Drain, OR
As of Nov '25, Realtor.com reports that the median days on market for a home in Drain, OR is 103. This is a increase of 43.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $282,000 | -20.0% |
Listing Count | 15 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 103 | 43.0% |
Demographics — Drain, OR
As of the latest ACS Survey released in 2023, Drain, OR has a population of 2,380, which has increased by 11.5% over the past 5 years. Drain, OR is a moderately popular place for families, as children make up 16.4% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,380 | 11.5% |
% Under 18 | 16.4% | 13.9% |
% Seniors | 23.6% | 6.3% |
% WFH | 6.5% | -17.7% |
% w/ College Degree | 16.3% | 87.4% |
As of the latest ACS Survey released in 2023, Drain, OR is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Drain, OR is hispanic, making up 4.4% of the population. Foreign-born residents account for 5.2% of the population in Drain, OR, and this percentage has increased by 246.7% 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 | 84.8% | -6.3% |
% Black | 0.0% | N/A |
% Hispanic | 4.4% | 25.7% |
% Asian | 2.2% | ∞% |
% Foreign Born | 5.2% | 246.7% |
Mortgage and Risk — Drain, OR
According to HUD data as of 2023, there were 78 mortgage originations in Drain, OR, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Drain, OR. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Rentals and Section 8 — Drain, OR
Drain, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$129 | $999 | $870 |
| 2 Bedroom | -$110 | $1,250 | $1,140 |
| 3 Bedroom | $90 | $1,500 | $1,590 |
| 4 Bedroom | -$190 | $2,100 | $1,910 |
Affordability — Drain, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $297,000 |
| Median Household Income | $54,700 |