The story of this market
The typical home in ZIP 97048 sells for about $424,000, or $292 per square foot.
Prices are down 14.9% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $969 a month.
ZIP 97048 — Rainier
The 97048 market in Rainier, OR, is currently experiencing a correction with year-over-year price declines. With a median entry point around $424,000, the market is heavily reliant on local expertise rather than outside capital. High mobility and below-average income growth contribute to a cautious outlook for investors.
This ZIP is best suited for experienced local investors and residents seeking a lower-cost entry point into the Oregon market, though it requires deep local knowledge to navigate.
Median prices moved down 14.9% year over year.
Homes spend a median of 70 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 13.9% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 97048, Columbia County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area features a 25% renter share with high mobility, making it a market that rewards experienced local operators over out-of-state investors.
The local economy is characterized by a local-operator market with a focus on residential stability and regional service industries.
Data sourced from regional market reports for Rainier, OR.
- Cinema of Horrors Haunted House4.58.5 mi
- Spirit Of Halloweentown3.715.5 mi
- Lewis River Golf Course4.217.7 mi
- Columbia County Fair4.314.4 mi
- Cowlitz County Event Center4.58.3 mi
- MiLL CiTY GRiLL4.27.7 mi
- Three Rivers Crossing3.48.6 mi
- Lake Sacajawea Park4.77.4 mi
- Trojan Park4.55.2 mi
- Port of Kalama Marine Park4.77.9 mi
- Triangle Bowl4.48.3 mi
- HalloweenTown Every October4.215.5 mi
- Columbia Theatre Association for the Performing Arts4.77.9 mi
- Warrior Rock Lighthouse4.516.6 mi
- Cowlitz County Historical Museum4.78.7 mi
- Beaver Falls Trailhead4.67.6 mi
- Lake Sacajawea Park4.77.4 mi
- Trojan Park4.55.2 mi
- Port of Kalama Marine Park4.77.9 mi
- Haydu Park4.77.7 mi
- Scappoose Bay Marine Park, Port of Columbia County4.516.4 mi
- St. Helens Marina4.415.3 mi
- Three Rivers Golf Course4.47.2 mi
- Mint Valley Golf Course4.49 mi
- Longview Country Club4.58.9 mi
- WinCo Foods4.38.1 mi
- Fred Meyer4.28 mi
- Safeway48.7 mi
- Three Rivers Crossing3.48.6 mi
- Safeway47.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.