Toledo, OR 97391 housing market

What this means

• Valuation. Prices are 69% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are down 0.9% over the past year (U.S.: +1.2%).
• Supply. There are 32% more homes for sale than the 2017-19 norm and rising (+16% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (96/100; U.S.: 54): homes sell for about 2.4% below their final list price; 34% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 43% of the median household income (U.S.: 35%); it takes about $88k a year to keep the payment at 30% of gross pay. That includes about $1,357 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $293 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −8% to +8% over the next 12 months (58% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −8.2% to +8.1% (80% range; middle estimate +1.1%), chance of a rise 58%, of a 5%+ drop 18%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Lincoln County, OR