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  1. Home
  2. /Browse ZIP Codes
  3. /Oregon
  4. /Bonanza, OR - 97623

Bonanza, OR—97623

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$311,000
0.7% YoY Growth
Household Income
$76,500
78.4% YoY Growth
Days on Market
131
145.0% Longer YoY
Home Price Forecast
1.4%
Median Rent
$2,500
63.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,500
66.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Bonanza, OR

As of May '26, the median home price in Bonanza, OR is $311,000, with a year-over-year change of 0.7%. This indicates that home prices in Bonanza, OR are flat. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$311,0000.7%
Single Family $310,0000.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$244,000-3.9%
    3 Bed
    		$350,0000.0%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.7%
    1 Bedroom
    5.5%
    2 Bedrooms
    28.8%
    3 Bedrooms
    36.1%
    4 Bedrooms
    15.0%
    5+ Bedrooms
    13.0%

    Rental Trends — Bonanza, OR

    As of July '25, Rentcast reports the average rent in Bonanza, OR is $2,500, with a year-over-year rent change of 63.4%. Per bedroom, the median rent as of July '25 in Bonanza, OR is 3-bedrooms: $2,500. The most common rental property sizes in Bonanza, OR are 2-bedroom and 3-bedroom, accounting for 46.6% and 46.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,500$2,500
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,500$2,500
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    2.6%
    2 Bedrooms
    46.6%
    3 Bedrooms
    46.6%
    4 Bedrooms
    4.1%

    Property Listings — Bonanza, OR

    As of May '26, Realtor.com reports that the median days on market for a home in Bonanza, OR is 131. This is a increase of 145.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$305,000-18.0%
    Listing Count
    		1966.0%
    Listings as % of Homes0.5%66.0%
    Days on Market
    		131145.0%
    Loading chart...

    Demographics — Bonanza, OR

    As of the latest ACS Survey released in 2023, Bonanza, OR has a population of 2,950, which has increased by 13.8% over the past 5 years. Bonanza, OR is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,95013.8%
    % Under 18
    		17.7%-24.7%
    % Seniors
    		34.8%33.3%
    % WFH
    		13.6%-1.4%
    % w/ College Degree
    		24.7%60.4%
    Loading chart...

    As of the latest ACS Survey released in 2023, Bonanza, OR is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Bonanza, OR is hispanic, making up 11.6% of the population. Foreign-born residents account for 3.8% of the population in Bonanza, OR, and this percentage has decreased by 5.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.8%-1.3%
    % Black
    		0.0%-100.0%
    % Hispanic
    		11.6%36.5%
    % Asian
    		0.0%N/A
    % Foreign Born
    		3.8%-5.0%
    Loading chart...

    Mortgage and Risk — Bonanza, OR

    According to HUD data as of 2023, there were 43 mortgage originations in Bonanza, OR, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Bonanza, OR. Investor activity is low, as 0.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		43
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		7.0%
    % Cash Out Refinance
    		21.0%
    Loading chart...
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    Rentals and Section 8 — Bonanza, OR

    Bonanza, OR lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		3
    Total Units Section 8
    		3
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$760
    2 BedroomN/AN/A$1,000
    3 Bedroom-$1,100$2,500$1,400
    4 BedroomN/AN/A$1,680

    Affordability — Bonanza, OR

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$311,000
    Median Household Income$76,500

    Bonanza, OR — ZIP Code Boundary Map

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    Frequently Asked Questions