Bethany, Oregon Housing Market Prices
Bethany Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% above the Oregon median$487,334
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Median rent 54% above the Oregon median$2,348
Housing Market Overview
| Metric | Bethany | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $487,334 | $406,603 | $248,835 |
| Price Trend (Annual %) | 11.4% | 9.4% | 7.5% |
| Median Gross Rent | $2,348 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bethany is about 20% higher than in Oregon. Rent is about 54% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bethany, up about 11.4% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Bethany rose about 75.2% between 2015 and 2024, from $1,340 to $2,348. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Bethany.
Buying the median-priced home in Bethany costs roughly 17.3 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 Bethany. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Bethany | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $487,334 | $406,603 | $248,835 |
| Median Household Income | $170,678 | $83,617 | $80,455 |
| Price-to-Income Ratio | 2.9 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bethany rose about 68.4%, while median household income rose about 69.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bethany | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 58.6% | 58.5% |
| Rental Rate | 29.4% | 33.9% | 31.2% |
| Vacancy Rate | 2.6% | 7.5% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Bethany has a homeownership rate of 68.0%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 2.6%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Bethany | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 2004 | 1980 | 1978 |
| Median Number of Rooms | 6.4 | 5.3 | 5.5 |
The typical housing unit in Bethany was built around 2004. On average, 2.8 people live in a home with about 6.4 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Bethany, Oregon.
What is the median home price in Bethany, Oregon?
The median home price in Bethany, Oregon is $487,334, higher than the Oregon average of $406,603.
What is the average home price in Bethany, Oregon?
The typical home price in Bethany, Oregon, reported as the median sale price, is $487,334. 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 Bethany, Oregon?
The median gross rent in Bethany, Oregon is $2,348 per month, higher than the Oregon average of $1,525.
What was the median gross rent in Bethany in 2020?
In 2020, the median gross rent in Bethany, Oregon was $1,873 per month.
What is the price-to-rent ratio in Bethany, Oregon?
The price-to-rent ratio in Bethany, Oregon is about 17.3, meaning it would take roughly 17.3 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 Bethany.
Are home prices or rent rising faster in Bethany, Oregon?
Both home prices and rent are rising in Bethany, up about 11.4% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bethany, Oregon?
68.0% of households in Bethany, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Bethany, Oregon?
The housing vacancy rate in Bethany, Oregon is 2.6%, lower than the Oregon average of 7.5%.
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