The story of this market
The typical home in ZIP 97641 sells for about $225,000, or $165 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 97641 — Christmas Valley
The housing market in 97641 is characterized by low volume and slow turnover, typical of a remote rural area. Prices have seen modest appreciation, but the market remains highly sensitive to interest rates and the limited availability of financing for rural properties.
This area is best suited for retirees, remote workers seeking isolation, or outdoor enthusiasts who prioritize affordability and access to public lands over proximity to urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 14.2 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 15.4% — a mixed stability 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 7.7%/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 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97641, Lake 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 serving the area are part of the North Lake School District, which provides rural K-12 education with limited extracurricular offerings.
The area is characterized by high wildfire risk and arid high-desert conditions, necessitating careful attention to property insurance availability and premiums.
Economic momentum is limited, primarily driven by local agriculture, ranching, and seasonal recreation; there is minimal large-scale commercial development.
Property taxes are assessed by Lake County based on real market value; there are no local municipal income taxes, and special districts are limited to rural fire and school levies.
Commuting is primarily by private vehicle over long distances to regional hubs like Bend or Klamath Falls, with no public transit options available.
The area is known for outdoor recreation including the Christmas Valley Sand Dunes, rockhounding, and access to vast public lands for hiking and off-roading.
The rental market is extremely thin with very low inventory, primarily consisting of single-family homes and mobile homes with minimal turnover.
The economy is heavily reliant on agriculture, livestock production, and seasonal tourism related to outdoor recreation.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
Parcels are subject to Lake County property taxes and the North Lake School District levy.
Property insurance is increasingly difficult to secure due to high wildfire risk ratings in the high desert region.
Data retrieved from data.census.gov ZCTA 97641 profile.
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.
A massive 11,000-acre dune system popular for off-roading and photography.
A volcanic fissure that serves as a unique hiking destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.