The Most Affordable Neighborhoods in Wood Village, OR by Home Value

 

Wood Village, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wood Village area can be challenging. Home prices in Wood Village are now at a median cost of $257,272, lower than the Oregon average of $365,363.

The average cost of rent is $1,184/mo in Wood Village, primarily driven by the current value of real estate in the Wood Village area. While nearly 53.24% of residents own their homes outright in Wood Village, 42.70% rent.

Housing affordability isn’t just about home prices, though. The average household income in Wood Village is $4,670 per month. Households that rent pay about 25.36% of their income on rent here. Wood Village's most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.


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