The story of this market
The typical home in ZIP 97456 sells for about $581,000, or $240 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,413 a month.
ZIP 97456 — Monroe
The housing market in 97456 is currently characterized by low inventory and high price points relative to local income levels, creating a challenging environment for buyers. Limited sales volume and a reliance on regional employment hubs in Corvallis drive a cautious outlook for the area. Market conditions remain stable but constrained by the rural nature of the geography and limited new development.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a commute to nearby larger cities for major employment and services.
Median prices moved up 2.1% year over year.
Homes spend a median of 52 days on market with 4.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 11.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97456, Benton County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools in the Monroe area are generally characterized by small-town district settings with limited extracurricular offerings compared to larger urban centers.
The region faces moderate wildfire risk common to rural Western Oregon, with insurance premiums trending upward due to regional climate-related hazard exposure.
Economic momentum is primarily driven by local agricultural and small-scale service industries, with limited large-scale industrial or corporate development currently reported.
Property taxes are assessed by Benton County based on real market value, with additional levies for local school districts and rural fire protection services.
Commuting from Monroe typically involves a drive of 20-30 minutes to reach the employment hubs of Corvallis or Eugene via Highway 99W.
The area offers access to rural outdoor activities including fishing and hiking along the Long Tom River, with limited commercial shopping and dining options within the immediate ZIP.
The rental market is characterized by low inventory and steady demand from local workers, with limited new multi-family construction putting upward pressure on rents.
The local economy is primarily supported by agriculture, forestry, and small-scale retail, with many residents commuting to larger regional employers in Corvallis.
Transportation is heavily reliant on private vehicles, with Highway 99W serving as the primary corridor for regional connectivity.
Development is currently limited to small-scale residential infill, with no major commercial or infrastructure projects reported.
Benton County Assessment and Taxation manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district taxes, rural fire district levies, and county-wide service assessments.
Property insurance availability is stable but subject to increasing premiums due to regional wildfire risk assessments.
Oregon is a non-judicial foreclosure state, requiring specific notice periods and providing homeowners with limited redemption rights.
Oregon law requires sellers to provide a comprehensive property disclosure statement covering material defects and known issues.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local opportunities for fishing and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.