97338 — Polk County, Oregon Market Snapshot
Housing market data for zip code 97338 in Polk County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
88 sales in 2026 (year to date)
Median Sale Price
$449,750
Days to Sell
58
Homes Sold
88
Inventory
95
Sale-to-List
99.9%
New Listings
113
Price/SqFt
$296
Pending Sales
98
Conforming Loan Available
Most homebuyers in 97338 can comfortably use conventional financing. The median home price of $449,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
97338's market is balanced with homes taking an average of 58 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 97338 (99.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 97338 can comfortably use conventional financing. The median home price of $449,750 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 97338 are set at the county level.
2026 Loan Limits — Polk County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 97338
To purchase the median home at $449,750 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,596.
Monthly Payment
$3,596
Income Required
$154,108
Principal & Interest
$2,771/mo
Down Payment (5%)
$22,488
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 97338.
Estimated Monthly Payment
$2,933
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