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Veneta city, OR

ZIP 97487 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97487

Median Home Value
$334,300
Median Rent
$1,348
Affordability Snapshot
$92,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,147/mo PITI).

25%
Rent-to-Income Ratio

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

5.1x
Home Price-to-Income Ratio

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

20.7 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 97487 in Veneta city, OR, a household would need roughly $92,000 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 $2,147. That is about 42% above the local median household income ($64,973), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.7%+27% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
92.7%+7% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
34.4%-31% vs US avg
x
Mortgage-Free
37.6%-2% vs US avg
x
$334,300
Home Value
$1,348
Rent
1990
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached73.9%
  • 1-unit attached0.4%
  • 2-9 units1.1%
  • 10+ units1.6%
  • Mobile home & other23.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$334,300
Median rent$1,348
Owner-occupied82.7%
Vacant2.9%
Price-to-income5.1x
Est. income to buy$92,000