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502 W 8th St, Wallowa, OR, 97885

1beds
1baths
500sqft
$139,000
$278price/sqft
$1,049/moest. monthly cost
$41,960/yrincome needed

About This Home

Great starter or investment opportunity!! New roof and windows! fenced yard with mountain view in this convenient location, close to schools, park and medical clinics. Bring your vision and make it your own! Pack your bags and head to beautiful Wallowa County!

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
56
BikeBikeable

Schools

5/10
Wallowa Elementary SchoolGrades PK-50.7 mi
8/10
Wallowa Middle SchoolGrades 6-80.5 mi
9/10
Wallowa High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1920

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential,Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1

Heating

  • Heating features: Laser Oil Stove

Interior Area

  • Total structure area: 500
  • Total interior livable area: 500 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 5277

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 3,450 sqft
  • Features: SqFt 3000 to 4999
  • Lot size dimensions: 69 x 50

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Avalanche
    AvalancheModerate
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Winter Weather
Avalanche
Cold Wave
Hail
Ice Storm
Landslide

FEMA Declared Disasters in Wallowa County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $702$8,424
Home Insurance *$115$1,380
Property Taxes $56$672
Electricity $176$2,119
Total$1,049$12,588
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,965/yr
40% on housing$31,470/yr
45% on housing$27,973/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.9%
12.9%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$278This listing

vs Other Active Listings

Avg $/sqft

ZIP 97885$139
Wallowa County$200

vs Homes Sold Last Month

Median $/sqft

ZIP 97885
Wallowa County$175

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-03Listed for sale$149,000

For Sale by Agent

AgentLarrena Overton
BrokerageWallowa Mountain Properties

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