5 Most Affordable Places to Live in Oregon in 2023

5 Most Affordable Places to Live in Oregon in 2023

From the breathtaking great thing about the Oregon coast crammed with rugged cliffs and picturesque seashores, to the luxurious Cascade Mountains, and the royal blue water of Crater Lake Nationwide Park, Oregon is really one of many highlights of the Pacific Northwest. If Oregon sounds just like the state for you, then you may additionally be curious what cities match into your finances. As of July, the median house sale value in Oregon was $508,700.

If that value doesn’t match into your finances, don’t fear. Redfin has collected 5 of essentially the most reasonably priced locations to reside in Oregon. And the perfect half is that all of them have a median house sale value beneath $508,700. From Springfield to Salem, let’s bounce in and see what cities are on the listing.

#1: Springfield

Median house value: $405,000
Common sale value per sq. foot: $308 
Common hire for a 1-bedroom condo: $1,395 
Median family earnings: $49,938 
Nearest main metro: Eugene (5 miles)
Springfield, OR houses on the market
Springfield, OR flats for hire

With a median house sale value of $405,000, Springfield is available in at primary on our listing of most reasonably priced locations to reside in Oregon. There are about 61,800 residents residing on this mid-sized metropolis. If you happen to’re contemplating shifting to this space be sure that to discover the scenic Thurston Hills Pure Space and Wallace M. Ruff Jr. Memorial Park, or immerse your self within the vibrant downtown Springfield, the place you’ll discover quite a lot of charming retailers and delectable eating places.

#2: Albany

Median house value: $420,000 
Common sale value per sq. foot: $258 
Common hire for a 1-bedroom condo: $1,400 
Median family earnings: $62,172 
Nearest main metro: Salem (26 miles)
Albany, OR houses on the market
Albany, OR flats for hire

Taking second place on our listing of reasonably priced cities to reside in Oregon is Albany. When residing on this metropolis of 56,500 individuals, you’ll be able to stroll alongside the Dave Clark Path by the Willamette River, try the Historic Carousel & Museum, and discover the historic downtown space the place there are many native retailers and eating places.

#3: Salem

Median house value: $440,000 
Common sale value per sq. foot: $271 
Common hire for a 1-bedroom condo: $1,372 
Median family earnings: $58,726 
Nearest main metro: Portland (46 miles)
Salem, OR houses on the market
Salem, OR flats for hire

Third on the listing is Salem the place there are about 175,500 residents. The median house sale value is $440,000 which is about $70K lower than the median house sale value in Oregon. If you end up shifting to Salem, be sure that to go to the Oregon State Capitol and museums like Willamette Heritage Heart, discover the attractive Riverfront Metropolis Park, and take a look at the occasions on the Oregon State Fairgrounds.

ranch home with white siding in eugene oregon

#4: Eugene

Median house value: $484,000 
Common sale value per sq. foot: $300 
Common hire for a 1-bedroom condo: $1,710 
Median family earnings: $62,172 
Nearest main metro: Salem (26 miles)
Eugene, OR houses on the market
Eugene, OR flats for hire

Solely barely dearer than Salem is Eugene, the subsequent metropolis on our listing. About 176,600 individuals reside in Eugene, the place there are many distinctive actions to do. You should definitely spend the day at one of many many parks like Delta Ponds, Maurie Jacobs Park, or Alton Baker Park, discover the charming downtown space, or get pleasure from a stroll or bike experience alongside the Ruth Bascom Riverbank Path.

#5: Gresham

Median house value: $487,500 
Common sale value per sq. foot: $260 
Common hire for a 1-bedroom condo: $1,553 
Median family earnings: $62,172 
Nearest main metro: Portland (17 miles)
Gresham, OR houses on the market
Gresham, OR flats for hire

The final on our listing of reasonably priced locations to reside in Oregon is Gresham. With 114,200 residents, shifting to this reasonably priced metropolis provides you the perks of city-life with out residing in a serious metropolitan space. Gresham is conveniently situated simply 17 miles east of Portland for those who’re trying to enterprise into town for a meal, live performance, or a day exploring the riverfront. In Gresham, you’ll be able to go to Hogan Butte Nature Park, try the expansive Oxbow Regional Park simply outdoors of city, and stroll alongside the Springwater Hall Path.

Methodology: All cities should have over 50,000 residents per the US Census and have a median house sale value beneath the common median house sale value in Oregon. Median house sale value and median sale value per sq. foot from the Redfin Knowledge Heart throughout July 2023. Common rental information from Hire.com July 2023. Inhabitants and median family earnings information sourced from the United States Census Bureau.

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