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Depoe Bay city, OR

ZIP 97341 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97341

Median Home Value
$344,700
Median Rent
$1,085
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,214/mo PITI).

21%
Rent-to-Income Ratio

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

5.5x
Home Price-to-Income Ratio

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

26.5 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 97341 in Depoe Bay city, OR, a household would need roughly $95,000 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 $2,214. That is about 51% above the local median household income ($62,917), 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 39% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.2%+21% vs US avg
x
Vacancy Rate
39.3%+281% vs US avg
x
Broadband Access
89.5%+3% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
1.7%-87% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
27.6%-44% vs US avg
x
Mortgage-Free
52.1%+36% vs US avg
x
$344,700
Home Value
$1,085
Rent
1988
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 detached57.9%
  • 1-unit attached12.4%
  • 2-9 units8.3%
  • 10+ units1.9%
  • Mobile home & other19.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$344,700
Median rent$1,085
Owner-occupied79.2%
Vacant39.3%
Price-to-income5.5x
Est. income to buy$95,000