Banks, OR housing market
The typical Banks home is worth about $633,000, up 0.5% in a year, 28% above the Oregon typical home.
Home values, sales, trends and how Banks compares with the towns next door — updated as new data is published.
Banks at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Banks | Oregon |
|---|---|---|
| 2017 | $396,000 | $313,000 |
| 2018 | $427,000 | $337,000 |
| 2019 | $448,000 | $354,000 |
| 2020 | $470,000 | $369,000 |
| 2021 | $524,000 | $411,000 |
| 2022 | $607,000 | $480,000 |
| 2023 | $617,000 | $490,000 |
| 2024 | $622,000 | $495,000 |
| 2025 | $639,000 | $504,000 |
| 2026 | $634,000 | $500,000 |
| August 2026 | $633,000 | $496,000 |
7.3 years of income
The typical Banks home costs about 7.3 years of the town's median household income, more than across Oregon (6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,850
HUD's Fair Market Rent for a two-bedroom in Banks is $1,850 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Banks pay a median of $1,740. A two-bedroom takes about 26% of the town's median household income.
Studio $1,510 · 4 bedrooms $2,990
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97106; Portland-Vancouver-Hillsboro, OR-WA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.