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Affordable
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These days, finding an affordable place to live in the Welches area can be challenging. Home prices in Welches are now at a median cost of $366,855, lower than the Oregon average of $502,078.
The average cost of rent is $1,808/mo in Welches, primarily driven by the current value of real estate in the Welches area. In Welches, 16.86% of households rent, and 37.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Welches is $6,716 per month. Households that rent pay about 26.92% of their income on rent here. Welches’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mount Hood Village, OR: higher priced homes
- Rhododendron, OR: less expensive homes
- Brightwood, OR: higher priced homes
- Zigzag, OR: higher priced homes
- Cherryville, OR: higher priced homes
- Marmot, OR: higher priced homes
- Government Camp, OR: less expensive homes
- George, OR: higher priced homes
- Sandy, OR: higher priced homes
- Dodson, OR: higher priced homes
Cities with Similar Populations
- Atlanta, IL: less expensive homes
- Union Mills, NC: less expensive homes
- Eddington, ME: less expensive homes
- Dresden, ME: less expensive homes
- Dinwiddie, VA: less expensive homes
- Colon, MI: less expensive homes
- Chapman, KS: less expensive homes
- Caney, KS: less expensive homes
- Bishopville, MD: higher priced homes
- Cairo Bend, TN: higher priced homes
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