The story of this market
The typical home in ZIP 97885 sells for about $320,000, or $215 per square foot.
Prices are down 5.4% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 97885 — Wallowa
The housing market in 97885 remains stable with low inventory and modest price adjustments. Market activity is driven by local demand and limited supply, typical of rural Oregon communities. Prices have seen a slight year-over-year decline, reflecting broader regional cooling trends.
This ZIP is best suited for those seeking a rural lifestyle, including retirees and local workers who prioritize affordability and access to outdoor space over urban amenities.
Median prices moved down 5.4% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · 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 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 6.8%/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 97885, Wheeler 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.
Crime rates in this rural area are generally low and stable, consistent with regional trends for small-town Oregon.
Schools serving this area are part of the local district, which provides standard public education services with moderate performance ratings.
The area faces moderate wildfire risk typical of the high desert region, with insurance availability remaining stable but subject to regional premium adjustments.
Economic momentum is driven by local agriculture, timber, and small-scale service industries with limited large-scale commercial development.
Property taxes are assessed at the county level based on real market value, with standard exemptions for primary residences and agricultural land use.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment and major services.
The area offers access to outdoor recreation including hiking, fishing, and public lands, with limited local shopping and dining options.
The rental market is characterized by low inventory and stable demand, with few short-term rental pressures.
The economy is primarily supported by agriculture, forestry, and local government services.
Transportation is limited to regional highway access with no public transit infrastructure.
There are no major commercial or residential developments currently in the pipeline for this rural area.
The Wheeler County Assessor manages property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district and county-wide service district levies.
Property insurance remains available, though premiums are influenced by regional wildfire risk assessments.
Net domestic migration is stable with minimal population fluctuation.
Oregon is a judicial and non-judicial foreclosure state with specific notice and redemption requirements.
Sellers are required to provide a property disclosure statement covering known material defects.
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.
- Joseph Canyon Viewpoint4.816.6 mi
- The Bookloft4.819.5 mi
- Minam State Recreation Area4.611.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Hosts local community events and gatherings.
Provides significant regional access for fishing and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.