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Tri-City

Learn about the people, housing, costs and businesses in Tri-City, Oregon

Median Home$245,894
Median Rent$889/month
Population4,047
Leading IndustriesFinance & Insurance · Information & Media8% finance & insurance
Home Value Growth-5.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners71% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Tri-City
OR

Frequently Asked Questions

What are today's mortgage rates in Tri-City?

As of today, the 30-year fixed mortgage rate for Tri-City is approximately 6.958% (6.996% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Tri-City?

The median home value in Tri-City is $246k. The median monthly rent is $889. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Tri-City?

Home values in Tri-City have decreased 5.8% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Tri-City?

Based on a typical all-in ownership cost of $898/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Tri-City is $54k/year.

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What industries drive the economy in Tri-City?

The largest employment sectors in Tri-City are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.