Foreclosure Homes in Pacific City, OR 97135

Current Market Conditions in Pacific City, OR

The real estate market in Pacific City is currently competitive, with a steady demand for beachside properties amid a growing trend of remote work. Home prices have seen a gradual increase over the past year, influenced by both out-of-state buyers and local investments in property development. The unique coastal location and the appeal of outdoor activities contribute to the high desirability of homes in the area.

Vacancy rates remain low, indicating a strong rental market driven by tourism and vacation rentals. Homes closer to the beach are attracting premium prices, while properties away from the shore are still seeing healthy interest, which keeps the overall market dynamic and vibrant.

Rent Prices In Pacific City, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pacific City, OR, is on a rollercoaster ride. The average rent price in Pacific City, OR, is $1,384.00. Indeed, when looking to rent in Pacific City, OR, you can expect to pay as little as $610.00 or as much as $2,670.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Pacific City, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.