The story of this market
The typical home in ZIP 97750 sells for about $410,000, or $255 per square foot.
Prices are up +1.81% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 97750 — Mitchell
The Prineville housing market is experiencing steady demand driven by the local data center industry, leading to faster home sales and modest price appreciation. While inventory has increased, the market remains competitive for well-priced homes, reflecting a balance between buyer interest and seller expectations. Overall, the economic stability provided by major tech employers continues to support a positive outlook for the area.
This area is well-suited for families and professionals working in the regional tech and data center sectors who seek a more affordable alternative to Bend. It appeals to those prioritizing outdoor access and a small-town lifestyle over urban density.
Median prices moved up 1.8% year over year.
Homes spend a median of 45 days on market with 6.3 months of supply — a balanced-paced market.
35% of listings have cut prices · homes sell at 99.4% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 16.2% — 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 9.2%/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 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 97750, Oregon
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Prineville are generally considered low compared to larger urban centers in Oregon, with property crime being the primary concern. Local law enforcement maintains a visible presence, and the area is often perceived as safer than the more densely populated cities in the region.
Schools in the area are part of the Crook County School District, which provides a standard public education curriculum. While ratings vary by individual school, the district is characterized by its focus on community-integrated learning and smaller class sizes compared to neighboring metropolitan districts.
The region faces moderate wildfire risk, which is a standard consideration for Central Oregon property owners. Flood risks are generally localized to areas near the Crooked River, and insurance premiums reflect these environmental factors.
Economic momentum is significantly driven by the data center industry, with major investments from companies like Meta and Apple. This infrastructure development has created a unique employment base that distinguishes Prineville from other rural Oregon towns.
Property taxes are assessed by Crook County based on the real market value of the property, subject to Oregon's constitutional limits on assessed value growth. Special districts for fire, water, and school bonds are common additions to the base tax rate.
Commuting primarily involves travel via US Highway 26 toward Redmond and Bend for regional employment. Most residents rely on personal vehicles, as public transit options are limited for long-distance commuting.
The area offers extensive access to outdoor recreation, including the Crooked River for fishing, nearby reservoirs for boating, and numerous trails for hiking and mountain biking. Downtown Prineville provides local shopping and dining options within a compact, historic core.
The rental market is influenced by the influx of data center workers, keeping vacancy rates relatively low. Short-term rentals are present but regulated, and rent growth has tracked with the broader regional appreciation.
The economy is anchored by the technology sector, specifically large-scale data centers, alongside traditional industries like agriculture and timber. This mix provides a stable employment base that is less reliant on tourism than other Central Oregon cities.
Transportation is primarily highway-based, with US Highway 26 serving as the main artery. Infrastructure improvements are focused on supporting the increased traffic generated by industrial growth.
Development is focused on residential subdivisions to accommodate the workforce, with several projects approved in the eastern and northern parts of the city.
The Crook County Assessor manages property valuations, adhering to state-mandated assessment cycles and property tax limitations.
Parcels are subject to various special districts, including the Crook County School District, local fire and rescue districts, and water/sewer utility districts.
Property insurance premiums are influenced by the regional wildfire risk profile, with many carriers requiring specific mitigation measures for homes in the wildland-urban interface.
Data sourced from US Census Bureau and local economic reports.
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 significant fishing and recreational opportunities.
Large public land area for hiking, camping, and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.