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Vale

Learn about the people, housing, costs and businesses in Vale, Oregon

Median Home$303,500
Median Rent$834/month
Population1,935
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth-0.1% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners69% of occupied units
NotableTransit88/100 · excellent transit access
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Vale
OR

Frequently Asked Questions

What are today's mortgage rates in Vale?

As of today, the 30-year fixed mortgage rate for Vale is approximately 6.888% (6.924% 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 Vale?

The median home value in Vale is $304k. The median monthly rent is $834. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vale?

Home values in Vale have decreased 0.1% 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 Vale?

Based on a typical all-in ownership cost of $911/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vale is $63k/year.

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What industries drive the economy in Vale?

The largest employment sectors in Vale are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.