SEVERE WX : Red Flag Warning - Heat Advisory View Alerts
STREAMING NOW: Watch Now

Report: Grants Pass Among Top 10 Most Unaffordable Housing Markets in U.S.

An article by Realtor.com ranked Grants Pass at #3 among the top 10 most unaffordable cities for housing in the country.

Posted: Feb 14, 2019 2:18 PM
Updated: Feb 14, 2019 2:34 PM

GRANTS PASS, Ore. — It's no secret that finding an affordable place to live even here in Southern Oregon can be a challenge. According to a new report by Realtor.com, it might be especially hard in Southern Oregon — particularly Grants Pass.

The trend that has taken root in our area echoes a similar story around the country.

"Home list prices have jumped 41.7% over the past decade, while median incomes have climbed just 23.8% during the same period. That's resulted in plenty of places across the nation becoming unaffordable for the folks who have long lived there," article author Lance Lambert said.

The report weighed median list prices for homes, median monthly housing cost, median household income, and share of income going toward housing.

Grants Pass came in at #3 among the top 10 most unaffordable cities to live, putting it among the dubious company of some much larger cities — including Santa Cruz, Miami, Atlantic City, and New York. But also on the list were some more similarly-sized towns, like Bellingham, WA and Carson City, NV.

"The affordability gap is a hot-button issue in Grants Pass, credited with playing a leading role in the area's growing homeless population," Lambert wrote. "Grants Pass is generally known as an increasingly popular retirement town, with most shops closing at 7 p.m. Many seniors come here for the calm Oregon climate and the fishing or boating on Rogue River, which runs through the city. Unfortunately for locals, newcomers are paying top dollar for homes . . . Longstanding residents, many of whom have fixed incomes, are finding themselves boxed in."

Realtor.com found median list price in Grants Pass to be $334,600, with a median mounthly housing cost of $918, a median household income of $40,705, and 27.1 percent of the average person's income going towards housing. In this last category, Grants Pass was surpassed only by Miami at 29.7 percent and Santa Cruz at 30 percent — #2 and #1 on the list, respectively.

"Finding a job these days is the easy part," wrote Lambert. "But scoring one that pays enough to cover the monthly rent or mortgage bill with enough left over for everything else is a big challenge for many folks. And it's getting worse."

According to the most recent report from the Rogue Valley Association of Realtors, the median price of an existing home in Josephine County rose 10.2 percent this year over this time in 2018, while home sales have dipped 17.5 percent. The median home price for urban existing homes increased to $247,900 over the last quarter — and homes are spending more time on the market.

Oregon Coronavirus Cases

Data is updated nightly.

Cases: 219755

Reported Deaths: 2858
CountyCasesDeaths
Multnomah41855618
Washington27838258
Marion24509333
Clackamas19964242
Lane14885174
Jackson12709156
Deschutes1056587
Umatilla958794
Linn627782
Yamhill507481
Klamath494479
Douglas451888
Polk431457
Josephine416975
Malheur366667
Benton347422
Jefferson249942
Coos231939
Columbia208732
Union169424
Wasco156131
Lincoln154422
Crook139924
Hood River126734
Morrow122917
Clatsop117610
Baker111517
Curry79112
Tillamook7605
Grant5637
Lake4868
Harney46011
Wallowa2396
Gilliam871
Sherman872
Wheeler441
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Cases: 3966943

Reported Deaths: 64429
CountyCasesDeaths
Los Angeles130334324691
Riverside3085464662
San Bernardino3067695240
San Diego2980023798
Orange2824265144
Santa Clara1234042099
Sacramento1157321781
Kern1132161425
Fresno1046391746
Alameda971211286
Ventura838691044
Contra Costa77708834
San Joaquin769151460
Stanislaus658931095
Tulare50409854
San Mateo44622588
Monterey44523528
San Francisco40544563
Solano36004263
Santa Barbara35741467
Merced33321485
Sonoma32880330
Imperial29164745
Placer25146307
Kings23765251
San Luis Obispo21970265
Madera17058249
Santa Cruz16616207
Marin14958239
Yolo14863215
Butte13235205
Shasta13043242
El Dorado11125120
Napa1044282
Sutter10203127
Yuba700450
San Benito628263
Tehama589266
Lassen588826
Nevada541675
Humboldt511453
Mendocino471052
Tuolumne453573
Lake423866
Amador387748
Siskiyou256640
Glenn246527
Colusa235718
Calaveras231658
Del Norte16688
Inyo147338
Mono13265
Plumas7726
Modoc5767
Mariposa5007
Trinity4676
Sierra1310
Alpine890
Unassigned660
Medford
Partly Cloudy
82° wxIcon
Hi: 95° Lo: 61°
Feels Like: 82°
Brookings
Partly Cloudy
52° wxIcon
Hi: 75° Lo: 56°
Feels Like: 52°
Crater Lake
Partly Cloudy
88° wxIcon
Hi: 81° Lo: 54°
Feels Like: 86°
Grants Pass
Partly Cloudy
88° wxIcon
Hi: 102° Lo: 63°
Feels Like: 86°
Klamath Falls
Partly Cloudy
85° wxIcon
Hi: 91° Lo: 59°
Feels Like: 82°
Drier, but still hot, on Monday
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Health Watch: Sports Physicals

Image

Monday, August 2 morning weather

Image

Sunday, August 1st Weather

Image

Sunday, August 1st Weather

Image

Dick Fosbury and the 'Fosbury Flop'

Image

Saturday, July 31st Weather

Image

Health experts' covid vaccine recommendations for pregnant women

Image

Umpqua Bank Robbery Investigation

Image

Saturday, July 31st Weather

Image

Friday, July 30th Overnight Weather