ZIP Code Market Report
97147 — Wheeler, OR
Data through February 2026 · Updated monthly
Avg Home Value
$455,567
▲ 3.3% year-over-year
Month-over-Month
-0.6%
▼ 0.6%
Single Family
$454,528
Condo / Co-op
--
The average home value in the 97147 ZIP code (Wheeler, OREGON) is $455,567 as of February 2026. Home prices are rising, up 3.3% compared to last year.
The market in 97147 has a $269,427 spread between bottom-tier homes at $321,486 and top-tier homes at $590,914. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Tillamook County market area in OREGON. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Tillamook County report.
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Market Snapshot
97147 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $463,706 | $458,173 | $455,567 | ▼ 1.8% |
| Single Family Value | $454,163 | $454,409 | $454,528 | ▲ 0.1% |
Home Values
97147 Home Value Trend
Historical home values for ZIP code 97147. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 97147
How different property types compare in this ZIP code.
All Homes
$455,567
Single Family
$454,528
Bottom Tier
$321,486
Top Tier
$590,914
Data Sources and Methodology
Home value data for ZIP code 97147 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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