Milton Freewater, OR—97862
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Milton Freewater, OR
Home Price Trends — Milton Freewater, OR
As of Oct '25, the median home price in Milton Freewater, OR is $303,000, with a year-over-year change of 2.6%. This indicates that home prices in Milton Freewater, OR are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $303,000 | 2.6% |
| Single Family | $303,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $192,000 | 2.1% |
2 Bed | $239,000 | 1.7% |
3 Bed | $315,000 | 2.3% |
4 Bed | $388,000 | 2.4% |
| 5 Bed | $408,000 | 1.5% |
% of Housing Stock
Rental Trends — Milton Freewater, OR
As of July '25, Rentcast reports the average rent in Milton Freewater, OR is $1,360, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Milton Freewater, OR is 1-bedrooms: $929, 2-bedrooms: $1,320, 3-bedrooms: $2,300. The most common rental property sizes in Milton Freewater, OR are 2-bedroom and 1-bedroom, accounting for 38.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $652 | $929 |
| 2 Bed Rent | $1,250 | $1,320 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Milton Freewater, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Milton Freewater, OR is 65. This is a decrease of -15.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | 16.0% |
Listing Count | 37 | 75.0% |
| Listings as % of Homes | 0.6% | 75.0% |
Days on Market | 65 | -15.0% |
Demographics — Milton Freewater, OR
As of the latest ACS Survey released in 2023, Milton Freewater, OR has a population of 12,500, which has increased by 11.0% over the past 5 years. Milton Freewater, OR is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,500 | 11.0% |
% Under 18 | 27.3% | -2.5% |
% Seniors | 19.7% | 5.9% |
% WFH | 6.7% | 36.7% |
% w/ College Degree | 12.9% | -9.8% |
As of the latest ACS Survey released in 2023, Milton Freewater, OR is a predominantly white area, with 64.0% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Milton Freewater, OR is hispanic, making up 30.8% of the population. Foreign-born residents account for 10.2% of the population in Milton Freewater, OR, and this percentage has decreased by 17.7% 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 | 64.0% | 0.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 30.8% | -7.8% |
% Asian | 0.3% | -72.7% |
% Foreign Born | 10.2% | -17.7% |
Mortgage and Risk — Milton Freewater, OR
According to HUD data as of 2023, there were 170 mortgage originations in Milton Freewater, OR, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Milton Freewater, OR. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Milton Freewater, OR
Milton Freewater, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $98 | $652 | $750 |
| 2 Bedroom | -$260 | $1,250 | $990 |
| 3 Bedroom | -$910 | $2,300 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Milton Freewater, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $303,000 |
| Median Household Income | $54,000 |