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Affordable
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These days, finding an affordable place to live in the Bonanza area can be challenging. Home prices in Bonanza are now at a median cost of $267,143, lower than the Oregon average of $502,078.
The average cost of rent is $878/mo in Bonanza, primarily driven by the current value of real estate in the Bonanza area. In Bonanza, 17.25% of households rent, and 53.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bonanza is $4,672 per month. Households that rent pay about 18.80% of their income on rent here. Bonanza’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Yonna, OR: equally priced homes
- Hildebrand, OR: equally priced homes
- Dairy, OR: equally priced homes
- Lorella, OR: equally priced homes
- Olene, OR: higher priced homes
- Malin, OR: equally priced homes
- Sprague River, OR: less expensive homes
- Altamont, OR: equally priced homes
- Lake of the Woods, OR: higher priced homes
- Merrill, OR: higher priced homes
Cities with Similar Populations
- Sloan, IA: less expensive homes
- Oakford, IN: equally priced homes
- Paradis, LA: less expensive homes
- Pennsylvania Furnace, PA: equally priced homes
- Grahamsville, NY: higher priced homes
- Graham, FL: less expensive homes
- Glandorf, OH: less expensive homes
- Gholson, TX: less expensive homes
- Simpson, NC: less expensive homes
- North Salem, IN: equally priced homes
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