What is the average home price in Drain, OR 97435?

As of May '26, the median home price in Drain, OR 97435 is $303,000, based on Zillow home estimates.

How have home prices in Drain, OR 97435 changed over the past year?

As of May '26, home prices have increased 0.5% over the past year, according to Zillow home estimates data.

What is the home price projection for Drain, OR 97435?

As of May '26, Zillow projects home prices in Drain, OR 97435 to increase 0.3% in the next year.

What are the demographics of Drain, OR 97435?

According to the latest Census, the demographics of Drain, OR 97435 are 84.8% White, 0.0% Black, 2.2% Asian, 4.4% Hispanic. The population is 2,380, with 16.4% under 18 years old.

How long does it take homes to sell in Drain, OR 97435?

According to Realtor.com, as of May '26, the median home in Drain, OR 97435 is on the market for 159 days. This is an increase of 29.0% from last year.

What is the average rent price in Drain, OR 97435?

The average rent price in Drain, OR 97435, as of the latest data, is $1,440. The average rent for 1 bedroom homes is $999. For 2, 3, and 4 bedroom homes, the average rent is $1,250, $1,510, and $2,100 respectively.

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Drain, OR—97435

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$303,000

0.5% YoY Growth

Household Income

$54,700

18.8% YoY Growth

Days on Market

159

29.0% Longer YoY

Home Price Forecast

0.3%

Median Rent

$1,250

8.9% YoY Growth

1-Bed Rent

$999

N/A

2-Bed Rent

$1,250

3.8% YoY Growth

3-Bed Rent

$1,500

11.2% YoY Growth

Home Price Trends — Drain, OR

As of May '26, the median home price in Drain, OR is $303,000, with a year-over-year change of 0.5%. This indicates that home prices in Drain, OR are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$303,000	0.5%
Single Family	$303,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.5%

1 Bedroom

4.5%

2 Bedrooms

42.7%

3 Bedrooms

42.4%

4 Bedrooms

6.9%

Property Listings — Drain, OR

As of May '26, Realtor.com reports that the median days on market for a home in Drain, OR is 159. This is a increase of 29.0% 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	$276,000	-19.0%
Listing Count	5	-35.0%
Listings as % of Homes	0.8%	-35.0%
Days on Market	159	29.0%

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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%

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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%

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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%

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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

Drain, OR—97435

Key Metrics at a Glance

Home Price Trends — Drain, OR

Cost per Home Type

Cost per Home Size

Drain, OR—97435

Key Metrics at a Glance

Home Price Trends — Drain, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Drain, OR

% of Rental Stock

Property Listings — Drain, OR

Demographics — Drain, OR

Race and Ethnicity

Mortgage and Risk — Drain, OR

Mortgages

Rentals and Section 8 — Drain, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Drain, OR

Home Price to Income Ratio

Drain, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Lorane, OR

Yoncalla, OR

Oakland, OR

Elkton, OR

Cottage Grove, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.4
Median Home Price	$303,000
Median Household Income	$54,700