Much like nearby areas, it's a bit more expensive compared to the rest of the country. However compared to the city of Portland, it is somewhat less expensive.
Home prices
The median home in Wheeler costs $281,800. This is about $5,880 (2%) higher compared to nearby areas.It is roughly $64,300 (29%) higher in comparison to the US as a whole, and in comparison to the city of Portland it is approximately $130,200 (31%) lower.
Rents
Wheeler's median rent is $642 per month. It is about $336 (34%) lower compared to the surrounding areas.Compared to the United States as a whole it is approximately $420 (39%) lower, and it is about $606 (48%) lower compared to the city of Portland.
Nearby places
Nehalem
Nehalem is about 2 miles north from Wheeler. Housing prices there are somewhat less expensive. The cost of the median home in Nehalem is $228,400, which comes out to $53,400 (23%) lower than Wheeler. The rent there is substantially more expensive. Nehalem's median monthly rent is $1,000, which comes out to $358 (35%) higher than Wheeler.
Manzanita
Manzanita is approximately 2 miles northwest from Wheeler. Its housing prices are significantly more expensive. The median home value in Manzanita is $456,000, which is $174,200 (38%) higher than Wheeler. Rents there are substantially more expensive. The median rent in Manzanita is $1,050 per month, which works out to $408 (38%) higher than Wheeler.
Rockaway Beach
Rockaway Beach is roughly 4 miles southwest from Wheeler. Its real estate prices are significantly less expensive. The median home in Rockaway Beach costs $206,000, which is $75,800 (36%) lower than Wheeler. Rents there are somewhat more expensive. In Rockaway Beach the median rent is $799 a month, which works out to $157 (19%) higher than Wheeler.
Garibaldi
Garibaldi is approximately 7 miles south of Wheeler. The real estate prices there are somewhat less expensive. Garibaldi's median home value is $261,700, which is $20,100 (7%) lower than Wheeler. Rents there are substantially more expensive. The median monthly rent in Garibaldi is $1,047, which works out to $405 (38%) higher than Wheeler.
Bay City
Bay City is approximately 10 miles south of Wheeler. The housing prices there are somewhat less expensive. The median home price in Bay City is $227,500, which works out to $54,300 (23%) lower than Wheeler. Its rents are a lot more expensive. Bay City's median monthly rent is $992, which works out to $350 (35%) higher than Wheeler.
