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Banks, OR
Full City Profile · Oregon · Washington County County
3.1
/5.0
B
Good
2,092
Population
2,753/sq mi density
$84,651
Median Income
$41,526 per capita
$430,200
Home Value
$619,341 Zillow
$1,634
Median Rent
32.6% income on rent
52°F
Avg Temperature
251 sunny days/yr
49
Violent Crime/100K
1,022 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$84,651 median income, 6.9% unemployment
B+
Affordability
3.8 / 5.0
$430,200 home value, $1,634/mo rent
F
Safety
1.0 / 5.0
49 violent crimes/100K
B+
Education
3.7 / 5.0
33.5% bachelor's degree or higher
Housing Overview
Median Home Value
$430,200
53% above
US avg: $281,900
Median Rent
$1,634/mo
40% above
US avg: $1,163/mo
Homeownership Rate
76.9%
18% above US avg (65.4%)
Total Housing Units
785
Median year built: 1994
Home Value by Source
Census Median
$430,200
Zillow (ZHVI)
$619,341
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.9%
Owner-Occupied
23.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,051/mo
1 Bedroom
$1,143/mo
2 Bedroom
$1,425/mo
3 Bedroom
$1,963/mo
4 Bedroom
$2,318/mo
Census median rent:
$1,634/mo
Affordability & Housing Stock
Rent Burden
32.6%
of renters spending 30%+ of income on housing
5% above US avg (31.0%)
Median Year Built
1994
Average age of housing stock: 32 years
Homeownership Rate
76.9%
Complete Housing Data
Home Values
| Census Median Value | $430,200 |
| Zillow Home Value (ZHVI) | $619,341 |
Rent
| Census Median Rent | $1,634 |
| FMR Studio | $1,051 |
| FMR 1-Bedroom | $1,143 |
| FMR 2-Bedroom | $1,425 |
| FMR 3-Bedroom | $1,963 |
| FMR 4-Bedroom | $2,318 |
Market
Ownership & Stock
| Owner-Occupied | 76.9% |
| Renter-Occupied | 23.1% |
| Homeownership Rate | 76.9% |
| Total Housing Units | 785 |
| Median Year Built | 1994 |
| Rent Burden | 32.6% |