Zip 97048 (Rainier, OR) Housing

Housing in 97048 Rainier, OR has a median value of $386,600 which is higher than the US median value of $338,100. This indicates that it is generally more expensive to buy a house in this area compared to the national average. In the last year, house prices have appreciated by 6.12%, which is lower than the US appreciation rate of 8.27%. Despite this lower rate of appreciation, housing costs remain significantly higher in this region compared to the rest of the country.

The median home cost in Rainier (zip 97048) is $386,600. Home appreciation the last 10 years has been 140.8%. Home Appreciation in Rainier (zip 97048) is up 12.2%.

Average Age of Homes

- The median age of Rainier (zip 97048) real estate is 42 years old

The Rental Market in Rainier (zip 97048)

- Renters make up 20.1% of the Rainier (zip 97048) population
- 0.0% of houses and apartments in Rainier (zip 97048), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rainier, Oregon	United States
	3,169.0	139,647,020.0
	46	42
	$386,600	$338,100
	12.2%	16.6%
	53.0%	57.0%
	140.8%	101.1%
	$8.01	$10.98
	$2,333	$2,690
	70.6%	57.4%
	10.4%	11.2%
	19.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.0%	0.4%
	1.0%	3.6%
	9.3%	4.1%
Value of Owner-Occupied Housing
	7.1%	2.6%
	2.0%	2.4%
	0.7%	2.8%
	0.2%	3.9%
	1.4%	4.5%
	5.9%	11.3%
	9.4%	13.0%
	25.4%	20.1%
	26.6%	13.6%
	16.2%	8.3%
	4.2%	9.7%
	0.9%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.1%	13.6%
	14.1%	13.6%
	8.4%	13.6%
	12.3%	13.2%
	20.1%	14.8%
	8.4%	13.6%
	4.4%	10.0%
	3.5%	4.7%
	20.3%	12.2%

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