Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Banks area can be challenging. Home prices in Banks are now at a median cost of $480,808, higher than the Oregon average of $365,363.
The average cost of rent is $1,220/mo in Banks, primarily driven by the current value of real estate in the Banks area. While nearly 21.64% of residents own their homes outright in Banks, 14.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Banks is $8,385 per month. Households that rent pay about 14.55% of their income on rent here. Banks's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Greenville, OR: higher priced homes
- Manning, OR: higher priced homes
- Schefflin, OR: higher priced homes
- North Plains, OR: higher priced homes
- Buxton, OR: equally priced homes
- Forest Grove, OR: less expensive homes
- Glenwood, OR: equally priced homes
- Scofield, OR: equally priced homes
- Cornelius, OR: less expensive homes
- Mountaindale, OR: less expensive homes
Cities with Similar Populations
- Hudson, CO: equally priced homes
- Hogansburg, NY: less expensive homes
- Lawtey, FL: less expensive homes
- Sardis, MS: less expensive homes
- East Flat Rock, NC: less expensive homes
- Pahoa, HI: less expensive homes
- Mapleton, IL: less expensive homes
- Itta Bena, MS: less expensive homes
- Hobart, OK: less expensive homes
- Glouster, OH: less expensive homes
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