Phoenix, OR—97535
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phoenix, OR
As of Nov '25, the median home price in Phoenix, OR is $390,000, with a year-over-year change of 1.3%. This indicates that home prices in Phoenix, OR are increasing. 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 | $390,000 | 1.3% |
| Single Family | $393,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 1.5% |
3 Bed | $399,000 | 1.3% |
4 Bed | $456,000 | -0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Phoenix, OR
As of July '25, Rentcast reports the average rent in Phoenix, OR is $1,530, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Phoenix, OR is 1-bedrooms: $1,180, 2-bedrooms: $1,480, 3-bedrooms: $1,940. The most common rental property sizes in Phoenix, OR are 2-bedroom and 3-bedroom, accounting for 53.8% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,090 | $1,180 |
| 2 Bed Rent | $1,500 | $1,480 |
| 3 Bed Rent | $2,000 | $1,940 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Phoenix, OR
As of Nov '25, Realtor.com reports that the median days on market for a home in Phoenix, OR is 90. This is a decrease of -34.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $507,000 | 16.0% |
Listing Count | 14 | -19.0% |
| Listings as % of Homes | 0.8% | -19.0% |
Days on Market | 90 | -34.0% |
Demographics — Phoenix, OR
As of the latest ACS Survey released in 2023, Phoenix, OR has a population of 4,770, which has decreased by -11.7% over the past 5 years. Phoenix, OR is a less popular place for families, as children make up 11.9% of the population. The area has a moderately educated workforce, with 30.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,770 | -11.7% |
% Under 18 | 11.9% | -9.8% |
% Seniors | 34.0% | 21.4% |
% WFH | 10.2% | 385.7% |
% w/ College Degree | 30.1% | 67.2% |
As of the latest ACS Survey released in 2023, Phoenix, OR is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Phoenix, OR is hispanic, making up 13.1% of the population. Foreign-born residents account for 5.5% of the population in Phoenix, OR, and this percentage has decreased by 22.5% 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 | 77.3% | -7.3% |
% Black | 0.2% | -80.0% |
% Hispanic | 13.1% | 40.9% |
% Asian | 0.3% | -78.6% |
% Foreign Born | 5.5% | -22.5% |
Mortgage and Risk — Phoenix, OR
According to HUD data as of 2023, there were 111 mortgage originations in Phoenix, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Phoenix, OR. Investor activity is low, as 8.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 8.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Phoenix, OR
Phoenix, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 55 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,090 | $1,040 |
| 2 Bedroom | -$170 | $1,500 | $1,330 |
| 3 Bedroom | -$140 | $2,000 | $1,860 |
| 4 Bedroom | N/A | N/A | $2,200 |
Affordability — Phoenix, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $390,000 |
| Median Household Income | $60,500 |