ZIP 97031 Housing Market & Real Estate Update (Feb. 22, 2026)

ZIP 97031 (Hood River, Oregon) continues to run expensive, with recent sales data showing higher prices and faster turnover than a year ago.

Top takeaways

• Prices: Redfin shows a January 2026 median sale price around $875K, up about 23.7% year over year.
• Speed: Homes averaged roughly 33 days on market in January, faster than last year.
• Supply: Realtor.com is showing roughly 49 active listings right now, so choices exist but good homes can still move quickly.
• Rates: Freddie Mac’s weekly average 30-year fixed rate was 6.01% (released Feb. 19, 2026), which matters for payment math.

Market snapshot

Redfin’s ZIP-level snapshot for 97031 shows the market as ‘somewhat competitive’. In the latest monthly data (January 2026), the median sale price was reported at $875,000 and the median days on market was 33. That combination usually signals buyers still need to be prepared, but not every listing is a bidding-war scenario.

On the active inventory side, Realtor.com currently shows about 49 homes for sale in 97031 and a median listing price near $735,000. Treat that as a directional gauge (counts move daily), but it helps frame today’s shopping environment: expect a mix of higher-end river and view properties, plus a thinner slice of attainable options.

Rates and affordability (why it matters locally)

Even small rate shifts can change affordability quickly at 97031 price points. Freddie Mac’s Primary Mortgage Market Survey (PMMS) put the 30-year fixed-rate average at 6.01% as of February 19, 2026 (15-year at 5.35%). If you are planning to buy this spring, run scenarios for both rate and down-payment changes before locking in a maximum budget.

What’s for sale nearby (no-address look)

• More attainable picks: Redfin’s ‘cheap homes’ browse for 97031 currently shows a small pool (about 14 listings) relative to the overall market.
• Full market browse: Realtor.com’s 97031 search page is a good way to scan new/updated listings and watch days-on-market trends.
• Alternative inventory: Zillow’s 97031 browse view can be useful for quickly toggling between single-family homes, townhomes/condos, and lots/land.

ServiceXTC local pros

Directory check: no verified ServiceXTC provider pages were available to list for ZIP 97031 at publish time. If you are a local contractor (inspection, roofing, HVAC, plumbing, electrical, remodeling) and want to be included, consider getting listed.

What are you seeing in 97031 right now: more price cuts, more multiple offers, or mostly steady list-and-wait?

Sources

https://www.redfin.com/zipcode/97031/housing-market
https://www.realtor.com/realestateandhomes-search/97031
https://www.zillow.com/hood-river-or-97031/
https://www.redfin.com/zipcode/97031/cheap-homes
https://www.freddiemac.com/pmms