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These days, finding an affordable place to live in the Gearhart area can be challenging. Home prices in Gearhart are now at a median cost of $666,335, higher than the Oregon average of $502,078.
The average cost of rent is $1,069/mo in Gearhart, primarily driven by the current value of real estate in the Gearhart area. In Gearhart, 20.39% of households rent, and 48.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gearhart is $7,320 per month. Households that rent pay about 14.61% of their income on rent here. Gearhart’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Seaside, OR: less expensive homes
- West, OR: higher priced homes
- Melville, OR: less expensive homes
- Miles Crossing, OR: equally priced homes
- Warrenton, OR: less expensive homes
- Jeffers Garden, OR: less expensive homes
- Olney, OR: less expensive homes
- Cannon Beach, OR: higher priced homes
- Hammond, OR: less expensive homes
- Tolovana Park, OR: higher priced homes
Cities with Similar Populations
- Unalaska, AK: less expensive homes
- Richmondville, NY: less expensive homes
- Lake Hughes, CA: less expensive homes
- Liverpool, TX: less expensive homes
- Jetersville, VA: less expensive homes
- Milford Center, OH: less expensive homes
- Superior, NE: less expensive homes
- Hollis, OK: less expensive homes
- Millry, AL: less expensive homes
- Grand Isle, VT: less expensive homes
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