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Garibaldi city, OR

ZIP 97118 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97118

Median Home Value
$307,600
Median Rent
$1,031
Affordability Snapshot
$85,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,976/mo PITI).

24%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

24.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97118 in Garibaldi city, OR, a household would need roughly $85,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,976. That is about 62% above the local median household income ($52,372), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 28% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
73.1%+12% vs US avg
x
Vacancy Rate
27.6%+168% vs US avg
x
Broadband Access
83.5%-4% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
5.0%-61% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
16.8%-66% vs US avg
x
Mortgage-Free
53.6%+40% vs US avg
x
$307,600
Home Value
$1,031
Rent
1968
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.3%
  • 1-unit attached2.3%
  • 2-9 units4.2%
  • 10+ units6.6%
  • Mobile home & other11.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$307,600
Median rent$1,031
Owner-occupied73.1%
Vacant27.6%
Price-to-income5.9x
Est. income to buy$85,000