Minerva, OR—97439
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Minerva, OR
As of Oct '25, the median home price in Minerva, OR is $455,000, with a year-over-year change of -0.7%. This indicates that home prices in Minerva, OR are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | -0.7% |
| Single Family | $461,000 | -0.9% |
| Condos | $318,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $299,000 | -0.7% |
2 Bed | $393,000 | -0.8% |
3 Bed | $490,000 | -0.6% |
4 Bed | $600,000 | 0.0% |
| 5 Bed | $657,000 | 0.3% |
% of Housing Stock
Rental Trends — Minerva, OR
As of July '25, Rentcast reports the average rent in Minerva, OR is $1,800, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Minerva, OR is 2-bedrooms: $1,680, 3-bedrooms: $1,920. The most common rental property sizes in Minerva, OR are 2-bedroom and 3-bedroom, accounting for 47.6% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,680 |
| 3 Bed Rent | $1,840 | $1,920 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Minerva, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Minerva, OR is 99. This is a increase of 26.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $551,000 | 1.0% |
Listing Count | 165 | 10.0% |
| Listings as % of Homes | 0.9% | 10.0% |
Days on Market | 99 | 26.0% |
Demographics — Minerva, OR
As of the latest ACS Survey released in 2023, Minerva, OR has a population of 15,600, which has increased by 8.5% over the past 5 years. Minerva, OR is a less popular place for families, as children make up 11.6% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 8.5% |
% Under 18 | 11.6% | -10.1% |
% Seniors | 44.0% | 10.8% |
% WFH | 13.6% | 134.5% |
% w/ College Degree | 26.9% | 22.8% |
As of the latest ACS Survey released in 2023, Minerva, OR is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Minerva, OR is hispanic, making up 5.2% of the population. Foreign-born residents account for 5.2% of the population in Minerva, OR, and this percentage has increased by 18.2% 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 | 88.2% | -2.2% |
% Black | 1.4% | 600.0% |
% Hispanic | 5.2% | 33.3% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 5.2% | 18.2% |
Mortgage and Risk — Minerva, OR
According to HUD data as of 2023, there were 307 mortgage originations in Minerva, OR, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Minerva, 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 | 307 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Minerva, OR
Minerva, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 209 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | $90 | $1,350 | $1,440 |
| 3 Bedroom | $180 | $1,840 | $2,020 |
| 4 Bedroom | N/A | N/A | $2,420 |
Affordability — Minerva, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $455,000 |
| Median Household Income | $58,600 |