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These days, finding an affordable place to live in the Fernwood area can be challenging. Home prices in Fernwood are now at a median cost of $533,089, higher than the Oregon average of $502,078.
The average cost of rent is $1,563/mo in Fernwood, primarily driven by the current value of real estate in the Fernwood area. In Fernwood, 20.25% of households rent, and 31.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fernwood is $6,514 per month. Households that rent pay about 23.99% of their income on rent here. Fernwood’s most expensive areas are in the southwestern 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
- Dickey Prairie, OR: less expensive homes
- Old Colton, OR: higher priced homes
- Colton, OR: higher priced homes
- Molalla, OR: equally priced homes
- Shady Dell, OR: higher priced homes
- Marion, OR: higher priced homes
- Mulino, OR: higher priced homes
- Hamricks Corner, OR: higher priced homes
- Dodge, OR: higher priced homes
- Oaklawn, OR: higher priced homes
Cities with Similar Populations
- Perma, MT: less expensive homes
- Pikes Peak, IN: less expensive homes
- Pickwick, MS: less expensive homes
- Philip Junction, SD: less expensive homes
- Phelps, IL: less expensive homes
- Peru, OH: less expensive homes
- Pershing, MO: less expensive homes
- Perryville, NY: less expensive homes
- Perry City, NY: less expensive homes
- Pine Flats, PA: less expensive homes
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