Grants Pass, OR—97527
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grants Pass, OR
As of Oct '25, the median home price in Grants Pass, OR is $407,000, with a year-over-year change of -0.9%. This indicates that home prices in Grants Pass, OR are flat. 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 | $407,000 | -0.9% |
| Single Family | $408,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $296,000 | -2.0% |
2 Bed | $336,000 | -1.2% |
3 Bed | $416,000 | -0.7% |
4 Bed | $517,000 | 0.4% |
| 5 Bed | $611,000 | 0.7% |
% of Housing Stock
Rental Trends — Grants Pass, OR
As of July '25, Rentcast reports the average rent in Grants Pass, OR is $1,670, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in Grants Pass, OR is studios: $1,170, 1-bedrooms: $1,210, 2-bedrooms: $1,420, 3-bedrooms: $2,110, 4-bedrooms: $2,500. The most common rental property sizes in Grants Pass, OR are 3-bedroom and 2-bedroom, accounting for 40.5% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,670 |
| Studio Rent | $1,200 | $1,170 |
| 1 Bed Rent | $1,100 | $1,210 |
| 2 Bed Rent | $1,420 | $1,420 |
| 3 Bed Rent | $2,050 | $2,110 |
| 4 Bed Rent | $2,400 | $2,500 |
% of Rental Stock
Property Listings — Grants Pass, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Grants Pass, OR is 80. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | -1.0% |
Listing Count | 214 | 18.0% |
| Listings as % of Homes | 0.8% | 18.0% |
Days on Market | 80 | -6.0% |
Demographics — Grants Pass, OR
As of the latest ACS Survey released in 2023, Grants Pass, OR has a population of 36,800, which has increased by 2.6% over the past 5 years. Grants Pass, OR is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,800 | 2.6% |
% Under 18 | 20.1% | 1.0% |
% Seniors | 25.7% | -2.3% |
% WFH | 11.3% | 88.3% |
% w/ College Degree | 18.7% | 3.9% |
As of the latest ACS Survey released in 2023, Grants Pass, OR is a predominantly white area, with 82.1% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Grants Pass, OR is hispanic, making up 11.1% of the population. Foreign-born residents account for 4.1% of the population in Grants Pass, OR, and this percentage has increased by 10.8% 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 | 82.1% | -6.8% |
% Black | 0.5% | 400.0% |
% Hispanic | 11.1% | 68.2% |
% Asian | 1.0% | -28.6% |
% Foreign Born | 4.1% | 10.8% |
Mortgage and Risk — Grants Pass, OR
According to HUD data as of 2023, there were 544 mortgage originations in Grants Pass, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Grants Pass, OR. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Grants Pass, OR
As of 2024, the percent of homes in Grants Pass, OR under the Section 8 program is 8.3%. 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 Grants Pass, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 353 |
Total Units Section 8 | 340 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,100 | $1,140 |
| 2 Bedroom | $70 | $1,420 | $1,490 |
| 3 Bedroom | $40 | $2,050 | $2,090 |
| 4 Bedroom | -$230 | $2,400 | $2,170 |
Affordability — Grants Pass, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $407,000 |
| Median Household Income | $66,400 |