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Bonanza town, OR

ZIP 97623 — 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 97623

Median Home Value
$280,600
Median Rent
$628
Affordability Snapshot
$77,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,802/mo PITI).

10%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

37.2 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 97623 in Bonanza town, OR, a household would need roughly $77,000 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 $1,802. That is roughly in line with the local median household income ($76,522). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.8%+22% vs US avg
x
Vacancy Rate
11.1%+8% vs US avg
x
Broadband Access
82.7%-5% vs US avg
x
4+ Bedrooms
13.0%-12% vs US avg
x
Built Pre-1939
10.9%-15% vs US avg
x
Built Post-2014
0.1%-99% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
44.3%+16% vs US avg
x
$280,600
Home Value
$628
Rent
1989
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached65.0%
  • 1-unit attached0.5%
  • 2-9 units1.1%
  • 10+ units0.0%
  • Mobile home & other33.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$280,600
Median rent$628
Owner-occupied79.8%
Vacant11.1%
Price-to-income3.7x
Est. income to buy$77,000