The story of this market
The typical home in ZIP 97031 sells for about $725,000, or $415 per square foot.
Prices are down 26.82% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 97031 — Hood River
The 97031 housing market is experiencing a cooling phase characterized by a significant year-over-year decline in median listing prices and a slight increase in days on market. Despite this, demand remains resilient due to the area's unique lifestyle appeal and limited inventory, keeping the market in a balanced state.
This ZIP is ideal for outdoor enthusiasts, remote workers, and families seeking a high quality of life in a scenic, recreation-focused environment. It is less suitable for those requiring a short, transit-based commute to a major city center.
Median prices moved down 26.8% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 9.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 97031, Hood River County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Hood River are generally lower than the national average, with property crime being the most frequently reported incident type. The area maintains a small-town safety profile that is considered favorable compared to larger urban centers in the Pacific Northwest.
Schools in the Hood River County School District are generally well-regarded, with a focus on community-integrated learning and outdoor education programs. The district maintains a stable reputation for academic performance within the region.
The area faces moderate wildfire risk due to its proximity to forested lands and the Columbia River Gorge, necessitating active fire-wise community management. Flood risks are primarily localized to the riverfront and specific drainage basins.
Economic momentum is driven by a mix of tourism, outdoor recreation, and a growing tech and agricultural-innovation sector. Infrastructure development is focused on managing the influx of visitors and supporting the expansion of local small businesses.
Property taxes are assessed by Hood River County based on real market value, with rates influenced by local school district levies and municipal bonds. Oregon does not have a general sales tax, which shifts the primary tax burden to property and income taxes.
Commuting is primarily via I-84, which serves as the main artery connecting the area to the Portland metropolitan employment core. Transit options are limited, making personal vehicle ownership the standard for daily travel.
The area is a premier destination for windsurfing, kiteboarding, and hiking, with extensive access to the Columbia River and nearby mountain trails. Downtown Hood River offers a dense concentration of boutique shopping, craft breweries, and farm-to-table dining.
The rental market is characterized by high demand and low vacancy rates, significantly influenced by the seasonal nature of the tourism industry and limited housing stock. Short-term rental regulations are strictly enforced to preserve long-term housing availability for residents.
The economy is anchored by the agricultural sector, particularly fruit production, alongside a robust tourism and outdoor recreation industry. There is also a growing presence of small-scale manufacturing and technology firms attracted by the area's lifestyle appeal.
Transportation is heavily reliant on I-84 for regional connectivity, with limited public transit options available for long-distance commuting. Local infrastructure is designed to accommodate high seasonal traffic volumes.
Development is strictly managed by urban growth boundaries, focusing on infill projects and the revitalization of existing commercial districts. New construction is primarily limited to high-density residential or mixed-use developments.
The Hood River County Assessor manages property valuations, with assessments typically occurring annually to reflect market changes. The district adheres to Oregon's constitutional limits on property tax growth.
Parcels are subject to various special districts, including the Hood River County School District, local fire and rescue districts, and port authority levies.
Property insurance premiums are rising due to increased wildfire risk assessments in the Pacific Northwest. Homeowners are encouraged to maintain defensible space to mitigate coverage costs.
Data retrieved from Census Reporter and Point2Homes profiles for ZCTA 97031.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
World-renowned destination for wind sports and scenic recreation.
Provides direct access to the Columbia River for swimming and picnicking.
Central hub for local retail, dining, and cultural events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.