Why Live in Coos Bay
Coos Bay, located on a peninsula in southern Oregon, is part of Oregon’s Bay Area alongside North Bend. With a population of around 15,000, Coos Bay has seen a slight decline since 2019. The city is hopeful about the proposed Oregon International Port of Coos Bay, which is expected to create 8,000 jobs. The Coos Bay School District has a moderate rating, and the area offers a quiet lifestyle with access to protected land and water. Housing options range from fixer-uppers and ranch-style homes to sprawling contemporary vacation homes. The median single-family home price is $340,000, and a new subdivision, Timber Cove, is set to add 400 homes by 2026. Mingus Park is popular for its bamboo and Japanese maple trees, outdoor pool, disc golf course, and skatepark. John Topits Park, also known as Empire Lakes, offers hiking, biking, kayaking, and fishing. The closest sandy beach is Horsfall Beach, 9 miles north, and off-roading is available 7 miles north on the Oregon sand dunes. Coos Bay hosts summer festivals like the Blackberry Arts Festival and Oregon Coast Music Festival. The Coos Art Museum provides art education year-round. Downtown Coos Bay features local restaurants, antique shops, and the Coos Bay Farmers Market. U.S. Highway 101 runs through the city, connecting it to Interstate 5. Coos Bay experiences mild weather with over 180 sunny days and 150 rainy days annually. The commercial area downtown is at risk for flooding. Eastside has lower crime rates compared to other parts of the city.
Frequently Asked Questions
What is the average home price in Coos Bay, OR?
Homes for sale in Coos Bay, OR have an average home price of $400,749.
Are home prices dropping in Coos Bay?
Yes, home prices in Coos Bay are down 7% in the last 12 months.
How many homes have sold over the last 12 months in Coos Bay, OR?
138 homes have sold in Coos Bay, OR over the last 12 months.
What are the most popular zip codes in Coos Bay, OR?
How much do you need to make to afford a house in Coos Bay?
The median home price in Coos Bay is $375,000. If you put a 20% down payment of $75,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,950 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $84K a year to afford the median home price in Coos Bay.
How are the schools in Coos Bay, OR?
Home Trends in Coos Bay, OR
On average, homes in Coos Bay, OR sell after 71 days on the market compared to the national average of 50 days. The median sale price for homes in Coos Bay, OR over the last 12 months is $342,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$342,000
Median Single Family Sale Price
$347,000
Median Townhouse Sale Price
$260,000
Median 2 Bedroom Sale Price
$385,000
Average Price Per Sq Ft
$235
Number of Homes for Sale
38
Last 12 months Home Sales
138
Median List Price
$375,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-2%