The market in numbers
Home values over the last two years
The typical home in Oregon was worth $454,400 in September 2024 and $458,100 in August 2026, a change of +0.8% over two years. The high point of the period came in March 2026, at $461,500, and values are 0.7% below it today.
Housing markets by metro
Typical home value, 12-month change and rents for each metro area in Oregon, largest first. Linked metros have their own report, ZIP code by ZIP code. Where a metro crosses a state line, the figures cover only its part inside Oregon. Of Oregon's ZIP codes, 32 lie outside any metro area.
| Metro area | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Portland | 95 | $538,000 | −0.4% | $1,800 | 4.0% |
| Salem | 29 | $475,100 | +1.2% | $1,600 | 4.3% |
| Eugene | 31 | $460,900 | +0.5% | $1,800 | 4.7% |
| Medford | 15 | $440,800 | +2.5% | $2,000 | 5.0% |
| Bend | 8 | $641,600 | −1.5% | $2,300 | 4.1% |
| Corvallis | 7 | $527,400 | −0.2% | $1,800 | 4.2% |
| Albany | 12 | $429,100 | +1.0% | $1,500 | 5.1% |
| Grants Pass | 8 | $397,800 | +0.1% | n/a | n/a |
| Roseburg | 17 | $321,800 | +0.4% | n/a | n/a |
| Hermiston | 13 | $299,600 | +3.0% | $1,600 | 6.2% |
| Klamath Falls | 13 | $288,900 | +2.1% | n/a | n/a |
| Coos Bay | 7 | $321,800 | +0.3% | n/a | n/a |
| Newport | 16 | $473,900 | +0.8% | n/a | n/a |
| Astoria | 7 | $505,400 | −0.4% | $1,600 | 4.0% |
| La Grande | 7 | $328,100 | +4.0% | n/a | n/a |
Show all 20 metro areas
| Metro area | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Portland | 95 | $538,000 | −0.4% | $1,800 | 4.0% |
| Salem | 29 | $475,100 | +1.2% | $1,600 | 4.3% |
| Eugene | 31 | $460,900 | +0.5% | $1,800 | 4.7% |
| Medford | 15 | $440,800 | +2.5% | $2,000 | 5.0% |
| Bend | 8 | $641,600 | −1.5% | $2,300 | 4.1% |
| Corvallis | 7 | $527,400 | −0.2% | $1,800 | 4.2% |
| Albany | 12 | $429,100 | +1.0% | $1,500 | 5.1% |
| Grants Pass | 8 | $397,800 | +0.1% | n/a | n/a |
| Roseburg | 17 | $321,800 | +0.4% | n/a | n/a |
| Hermiston | 13 | $299,600 | +3.0% | $1,600 | 6.2% |
| Klamath Falls | 13 | $288,900 | +2.1% | n/a | n/a |
| Coos Bay | 7 | $321,800 | +0.3% | n/a | n/a |
| Newport | 16 | $473,900 | +0.8% | n/a | n/a |
| Astoria | 7 | $505,400 | −0.4% | $1,600 | 4.0% |
| La Grande | 7 | $328,100 | +4.0% | n/a | n/a |
| The Dalles | 6 | $396,600 | +2.9% | n/a | n/a |
| Brookings | 5 | $422,400 | −3.3% | n/a | n/a |
| Ontario | 5 | $307,600 | +2.6% | n/a | n/a |
| Hood River | 3 | $700,100 | +2.2% | n/a | n/a |
| Prineville | 3 | $430,300 | +0.7% | n/a | n/a |
Home values by county
Of Oregon's 35 counties, Crook County has the highest typical home value, $729,000, and Lake County the lowest, $181,300. Among counties with at least five ZIP codes, Union County has risen most over the year, up 4.9%, and Curry County has moved least, down 3.3%.
Show all 35 counties
| County | ZIP codes | Home value | 12 months | Monthly rent | Gross yield |
|---|---|---|---|---|---|
| Crook County | 2 | $729,000 | −0.2% | n/a | n/a |
| Hood River County | 3 | $700,100 | +2.2% | n/a | n/a |
| Deschutes County | 7 | $679,600 | −1.5% | $2,300 | 4.1% |
| Clackamas County | 24 | $609,900 | −0.5% | $2,000 | 3.9% |
| Washington County | 20 | $573,500 | −1.7% | $1,900 | 4.0% |
| Yamhill County | 10 | $527,700 | −1.1% | n/a | n/a |
| Benton County | 7 | $527,400 | −0.2% | $1,800 | 4.2% |
| Clatsop County | 6 | $502,400 | −0.6% | $1,600 | 4.0% |
| Jefferson County | 4 | $497,100 | +1.0% | n/a | n/a |
| Multnomah County | 31 | $493,700 | 0.0% | $1,700 | 4.0% |
| Polk County | 7 | $475,100 | +1.9% | $1,600 | 4.0% |
| Lincoln County | 16 | $473,900 | +0.8% | n/a | n/a |
| Marion County | 22 | $472,100 | −1.2% | $1,600 | 4.4% |
| Tillamook County | 13 | $463,300 | −0.7% | n/a | n/a |
| Lane County | 31 | $460,900 | +0.5% | $1,800 | 4.7% |
| Columbia County | 8 | $449,800 | −1.1% | n/a | n/a |
| Jackson County | 15 | $440,800 | +2.5% | $2,000 | 5.0% |
| Linn County | 12 | $429,100 | +1.0% | $1,500 | 5.1% |
| Wallowa County | 5 | $426,600 | +1.1% | n/a | n/a |
| Curry County | 5 | $422,400 | −3.3% | n/a | n/a |
| Wasco County | 5 | $402,700 | +3.2% | n/a | n/a |
| Josephine County | 8 | $397,800 | +0.1% | n/a | n/a |
| Wheeler County | 3 | $374,500 | +7.4% | n/a | n/a |
| Malheur County | 4 | $325,600 | +3.3% | n/a | n/a |
| Coos County | 7 | $321,800 | +0.3% | n/a | n/a |
| Douglas County | 17 | $321,800 | +0.4% | n/a | n/a |
| Baker County | 4 | $318,700 | +2.5% | n/a | n/a |
| Morrow County | 3 | $318,400 | +1.5% | n/a | n/a |
| Union County | 6 | $317,700 | +4.9% | n/a | n/a |
| Umatilla County | 10 | $297,700 | +2.7% | $1,600 | 5.9% |
| Klamath County | 13 | $288,900 | +2.1% | n/a | n/a |
| Grant County | 5 | $284,600 | +0.2% | n/a | n/a |
| Gilliam County | 2 | $257,300 | +4.2% | n/a | n/a |
| Harney County | 2 | $216,300 | +3.6% | n/a | n/a |
| Lake County | 2 | $181,300 | −6.5% | n/a | n/a |
Where prices are rising fastest
The ten ZIP codes with the strongest change in home values over the past twelve months. Among the larger half of Oregon's ZIP codes by population, so that places with only a handful of sales a year do not crowd the list.
| ZIP code | Area | Home value | 12 months | 5 yrs, per year |
|---|---|---|---|---|
| 97374 | Scio | $576,100 | +4.6% | +4.1% |
| 97850 | La Grande | $328,100 | +4.0% | +5.3% |
| 97232 | Portland | $654,300 | +4.0% | +0.7% |
| 97862 | Milton Freewater | $311,800 | +3.9% | +4.9% |
| 97212 | Portland | $789,000 | +3.7% | +0.7% |
| 97458 | Myrtle Point | $313,700 | +3.4% | +1.9% |
| 97214 | Portland | $676,900 | +3.3% | −0.3% |
| 97004 | Beavercreek | $762,300 | +3.3% | +2.7% |
| 97462 | Oakland | $407,300 | +3.2% | +4.0% |
| 97913 | Nyssa | $279,800 | +3.1% | +4.9% |
Where prices are falling
Across Oregon, 105 ZIP codes are below where they were a year ago. These are the ten largest declines among the larger half by population.
| ZIP code | Area | Home value | 12 months | From its peak |
|---|---|---|---|---|
| 97209 | Portland | $338,000 | −9.0% | −29.5% |
| 97006 | Beaverton | $491,900 | −3.5% | −8.8% |
| 97739 | La Pine | $403,100 | −3.2% | −6.8% |
| 97003 | Beaverton | $481,100 | −3.0% | −6.6% |
| 97133 | North Plains | $561,400 | −2.9% | −9.4% |
| 97123 | Hillsboro | $517,100 | −2.9% | −8.6% |
| 97201 | Portland | $429,200 | −2.8% | −19.3% |
| 97078 | Beaverton | $490,600 | −2.7% | −6.3% |
| 97227 | Portland | $553,000 | −2.7% | −17.1% |
| 97113 | Cornelius | $478,000 | −2.6% | −7.6% |
Best rental yields
Gross yield is a year's rent divided by the home value, before costs. These are the highest yields among the larger ZIP codes with rent data.
| ZIP code | Area | Home value | Monthly rent | Gross yield | Rent, 12 months |
|---|---|---|---|---|---|
| 97882 | Umatilla | $295,900 | $1,600 | 6.4% | n/a |
| 97209 | Portland | $338,000 | $1,800 | 6.3% | +0.4% |
| 97487 | Veneta | $439,700 | $2,300 | 6.3% | n/a |
| 97739 | La Pine | $403,100 | $2,100 | 6.2% | n/a |
| 97420 | Coos Bay | $326,600 | $1,700 | 6.1% | +5.1% |
| 97459 | North Bend | $360,900 | $1,800 | 6.0% | n/a |
| 97838 | Hermiston | $347,200 | $1,700 | 5.9% | n/a |
| 97471 | Roseburg | $387,000 | $1,900 | 5.8% | n/a |
| 97801 | Pendleton | $299,600 | $1,400 | 5.7% | −0.8% |
| 97502 | Central Point | $420,400 | $2,000 | 5.7% | n/a |
Most affordable against local incomes
Home value divided by the median household income of the people who live in the ZIP code. A lower multiple means homes cost fewer years of local earnings. The state typical is 5.8×.
| ZIP code | Area | Home value | Median income | Price to income |
|---|---|---|---|---|
| 97630 | Lakeview | $201,100 | $69,500 | 2.9× |
| 97801 | Pendleton | $299,600 | $71,600 | 4.2× |
| 97209 | Portland | $338,000 | $80,300 | 4.2× |
| 97133 | North Plains | $561,400 | $133,200 | 4.2× |
| 97352 | Jefferson | $453,100 | $107,000 | 4.2× |
| 97882 | Umatilla | $295,900 | $69,200 | 4.3× |
| 97459 | North Bend | $360,900 | $82,000 | 4.4× |
| 97229 | Portland | $726,800 | $161,600 | 4.5× |
| 97055 | Sandy | $516,200 | $112,300 | 4.6× |
| 97814 | Richland | $299,900 | $64,900 | 4.6× |
Who is moving in
Household moves between the 2022 and 2023 tax years, measured county by county. Summed across its counties, Oregon lost 156 households on net, and the households that left took $949m more income than the arrivals brought. Of its 35 counties, 18 gained households. The tables show the largest gains and losses; the last column is how much more, or less, the average arriving household earned than the average household that left.
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Deschutes County | +2,448 | +$584m | +$24,495 |
| Linn County | +1,174 | +$51m | −$1,906 |
| Douglas County | +534 | +$23m | −$1,259 |
| Crook County | +474 | +$50m | +$6,625 |
| Josephine County | +418 | +$12m | −$2,890 |
| Benton County | +374 | +$48m | +$5,615 |
| Columbia County | +368 | +$39m | +$5,339 |
| Yamhill County | +346 | +$128m | +$16,427 |
| County | Net households | Net income moved | Arrivals vs leavers, per household |
|---|---|---|---|
| Washington County | −2,770 | −$547m | −$7,796 |
| Multnomah County | −1,520 | −$1.6bn | −$23,882 |
| Benton County | −946 | −$63m | −$902 |
| Clackamas County | −674 | −$7m | +$1,929 |
| Marion County | −310 | +$16m | +$2,082 |
What CITIZEN sees
CITIZEN grades every US ZIP code on one national scale, reading price and its direction, rent, local earnings, resident equity and where buyers and their money are arriving from. Grades are ranks: an A is the top 10% of the country, an F the bottom 10%. In Oregon, 2 of 339 ZIP codes grade A and 14 grade F. Which ones, and why, is in CITIZEN.
Questions
Are home prices going up or down in Oregon?
Up. Home values across Oregon are up 0.9% over the past twelve months, to a typical $458K, and 232 of its 339 ZIP codes are higher than a year ago.
What is the typical home value in Oregon?
$458,100 across Oregon's 339 ZIP codes, as of August 2026. Among its metro areas, the typical home ranges from $288,900 in Klamath Falls to $641,600 in Bend.
What is the cheapest place to buy a house in Oregon?
Among Oregon's metro areas with at least eight ZIP codes, Klamath Falls has the lowest typical home value, $288,900. Among the larger half of its ZIP codes, 97630 in Lakeview is the cheapest, at $201,100.
Where are home prices rising fastest in Oregon?
97374 in Scio (+4.6%), 97850 in La Grande (+4.0%) and 97232 in Portland (+4.0%), over the past twelve months, among the larger half of its ZIP codes.
What is the typical rent in Oregon?
About $1,800 a month, across the 127 ZIP codes with rent data, up 1.2% over the past year.
Are people moving to Oregon?
On balance, no. Between the 2022 and 2023 tax years, Oregon lost 156 households on net from moves, summed across its counties.
Other states
Sources and method
- Source: CITIZEN, Lualdi Advisors' US housing market intelligence. Home values and rents through August 2026; household incomes 2020 to 2024; migration for tax years 2022 to 2023.
- State, metro and county figures are medians across their ZIP codes, not a separate index. The two-year chart is the median ZIP value for each month. Grades and scores are CITIZEN's own.
- ZIP code lists use the larger half of the state's ZIP codes by population.
- Updated monthly. Last updated 2026-10-14.
