The story of this market
The typical home in ZIP 97851 sells for about $345,000, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 97851
The housing market in ZIP 97851 remains stable with limited inventory and modest year-over-year price growth. High interest rates and low turnover are keeping sales volume low, while demand remains steady for affordable single-family homes. The market is currently balanced, reflecting the broader rural economic conditions of Grant County.
This ZIP is best suited for families and individuals seeking a rural lifestyle, lower cost of living, and proximity to outdoor recreation, rather than those requiring urban amenities or short commutes.
Median prices moved up 2.4% year over year.
Homes spend a median of 88 days on market with 7.2 months of supply — a slower-moving market.
18% 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 5.2% · poverty 14.2% — 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 8.5%/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 8.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97851, Grant County OR
Crime rates in this rural area are generally low compared to state and national averages, with property-related incidents being the most common reports.
Schools serving this area are part of smaller rural districts, typically characterized by lower student-to-teacher ratios and limited extracurricular offerings compared to urban counterparts.
The area faces moderate wildfire risk during summer months and requires standard flood insurance coverage for properties located near local creek basins.
Economic momentum is driven primarily by agriculture, timber, and local government services, with limited new large-scale commercial development.
Property taxes are assessed at the county level based on real market value, with specific levies for local school districts and rural fire protection services.
Commutes are primarily car-dependent, with residents often traveling 30-60 minutes to reach larger regional employment hubs.
The area offers extensive access to outdoor recreation, including hiking trails, fishing in local rivers, and proximity to regional forest lands.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The local economy is heavily reliant on natural resources, including timber and agriculture, alongside public sector employment.
Transportation is almost exclusively via private vehicle, with limited public transit infrastructure available in the county.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
The Grant County Assessor manages property valuations, which are updated annually based on market sales data.
Parcels are subject to local school district levies and rural fire protection district taxes.
Property insurance premiums are influenced by wildfire risk assessments and the distance of properties from local fire stations.
Net domestic migration has been stable, with modest interest from remote workers seeking rural relocation.
Oregon is a judicial and non-judicial foreclosure state, with specific notice requirements for homeowners.
Sellers are required to provide a comprehensive property disclosure statement regarding the condition of the home.
Data retrieved from data.census.gov 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 extensive hiking, camping, and hunting opportunities.
Popular for fishing and recreational boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.