The Most Affordable Neighborhoods in Tri-City, OR by Home Value

 

Tri-City, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tri-City area can be challenging. Home prices in Tri-City are now at a median cost of $309,320, lower than the Oregon average of $502,078.

The average cost of rent is $903/mo in Tri-City, primarily driven by the current value of real estate in the Tri-City area. In Tri-City, 19.14% of households rent, and 55.88% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tri-City is $5,406 per month. Households that rent pay about 16.70% of their income on rent here. Tri-City’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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