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ZipNumbers

Oregon · Census place 03850

Banks city, OR

Quick answer

Banks city has 2,092 residents, ranking #160 of 426 places in Oregon. Median household income is $84,651, the median home is worth $430,200 and median gross rent runs $1,634 a month.

Population
2,092Banks city residents
Median household income
$84,651Past 12 months, inflation adjusted
Median home value
$430,200Owner-occupied units
Median gross rent
$1,634Rent plus utilities, monthly
Median age
34.8 yrsAll residents
Homeownership rate
76.9%Owner-occupied households

What the numbers mean in Banks city

Housing cost measured against local earnings.

A household earning the Banks city median would spend about 23.2% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.5% of residents and 76.9% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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