Housing starts, sales, and renovations; rising home ownership; and a stable rental and leasing market are key indicators of community health.
An estimated 36 percent of households in the Region spend $500-$999 per month on housing, with median monthly housing costs of $914, according to the U.S. Census Bureau. Statewide, 32 percent of households have monthly housing costs between $500-$999, with median monthly housing costs higher than the Region at $1,049. The majority of households in the Region have annual incomes under $25,000. Someone paying $500 per month for housing and earning $25,000 would be paying 24 percent of his or her annual income toward housing.
The U.S. Census Bureau estimates that close to 50 percent of all households in the Region are married-couple families, with or without children, while almost 14 percent are single-parent households. The Region has more married-couple families and fewer single-parent households, when compared with households in the State and nation overall.
Grandparents Living with Grandchildren
According to the U.S. Census Bureau 2016 estimates, there are 3,904 grandparents living with their grandchildren in the Region and 40.0 percent of them are responsible for their grandchildren. Statewide, 33.5 percent of grandparents who live with their grandchildren are responsible for them. This has dropped 3.5% regionally and 4% Statewide since 2013.
In each of the three Counties in the Region, the U.S. Census Bureau estimates that over half of the housing units are owner-occupied for all household sizes, and the majority of households include one or two people.
The U.S. Census Bureau estimates that nearly half (47 percent) of the owner-occupied housing units in the Region are valued at $100,000 to $249,999. More than half of the owner-occupied housing units in Linn County are estimated to have values greater than $150,000, while in Lincoln County and in the State on average, more than half have a value greater than $200,000. Benton County is higher than the State average, with more than half of owner-occupied units valued greater than $250,000.
Residential Property Sales
Residential property sales by taxlot during the past ten years are seen in the graphic below; specifically of note is the decline during the recession beginning in 2007 through 2009. Only one sale per taxlot was included per year and sales which did not represent market values were excluded.
Similar to in Oregon overall, the majority, or close to the majority, of housing units that are owner occupied throughout the Region have a mortgage, contract to purchase, or similar debt. Likewise, over a third of housing units occupied by owners in the Region have no mortgage, which is higher than the Statewide proportion.
The majority of housing vacancies in Benton and Linn Counties are for rent as residences, while the majority in Lincoln County are designated for “seasonal, recreational or occasional use.”
According to 2016 U.S. Census Bureau estimates, half of the vacant housing units in the Region are for seasonal, recreational, or occasional use. This likely indicates tourism-related use and second homes. For more information about tourism and housing in Lincoln County, see Tourism.