Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Baker County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,845 | $406,286 | $242,182 |
| Price Trend (Annual %) | 6.5% | 10.7% | 8.2% |
| Median Gross Rent | $814 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Baker County is about 53% lower than in Oregon. Rent is about 44% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Baker County, up about 6.5% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Baker County rose about 33.9% between 2015 and 2023, from $608 to $814. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Baker County.
Buying the median-priced home in Baker County costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Baker County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Baker County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $191,845 | $406,286 | $242,182 |
| Median Household Income | $57,503 | $80,923 | $78,145 |
| Price-to-Income Ratio | 3.3 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Baker County rose about 64.4%, while median household income rose about 49.9% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Baker County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 58.6% | 58.2% |
| Rental Rate | 22.8% | 33.9% | 31.3% |
| Vacancy Rate | 16.4% | 7.5% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Baker County has a homeownership rate of 60.9%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 16.4%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Baker County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1965 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Baker County was built around 1965. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Baker County, Oregon.
What is the median home price in Baker County, Oregon?
The median home price in Baker County, Oregon is $191,845, lower than the Oregon average of $406,286.
What is the average home price in Baker County, Oregon?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Baker County, Oregon?
The median gross rent in Baker County, Oregon is $814 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Baker County in 2020?
In 2020, the median gross rent in Baker County, Oregon was $693 per month.
What is the price-to-rent ratio in Baker County, Oregon?
The price-to-rent ratio in Baker County, Oregon is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Baker County.
Are home prices or rent rising faster in Baker County, Oregon?
Both home prices and rent are rising in Baker County, up about 6.5% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Baker County, Oregon?
60.9% of households in Baker County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Baker County, Oregon?
The housing vacancy rate in Baker County, Oregon is 16.4%, higher than the Oregon average of 7.5%.