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 | Clatsop County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $535,560 | $406,286 | $242,182 |
| Price Trend (Annual %) | 20.2% | 10.7% | 8.2% |
| Median Gross Rent | $1,129 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clatsop County is about 32% higher than in Oregon. Rent is about 22% 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 Clatsop County, up about 20.2% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Clatsop County rose about 33.5% between 2015 and 2023, from $846 to $1,129. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 7.8 yearly household incomes in Clatsop County.
Buying the median-priced home in Clatsop County costs roughly 39.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clatsop County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Clatsop County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $535,560 | $406,286 | $242,182 |
| Median Household Income | $68,364 | $80,923 | $78,145 |
| Price-to-Income Ratio | 7.8 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clatsop County rose about 172.5%, while median household income rose about 68.9% 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 | Clatsop County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.0% | 58.6% | 58.2% |
| Rental Rate | 29.8% | 33.9% | 31.3% |
| Vacancy Rate | 22.2% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Clatsop County has a homeownership rate of 48.0%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 22.2%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Clatsop County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1971 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Clatsop County was built around 1971. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clatsop County, Oregon.
What is the median home price in Clatsop County, Oregon?
The median home price in Clatsop County, Oregon is $535,560, higher than the Oregon average of $406,286.
What is the average home price in Clatsop 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 Clatsop County, Oregon?
The median gross rent in Clatsop County, Oregon is $1,129 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Clatsop County in 2020?
In 2020, the median gross rent in Clatsop County, Oregon was $957 per month.
What is the price-to-rent ratio in Clatsop County, Oregon?
The price-to-rent ratio in Clatsop County, Oregon is about 39.5, meaning it would take roughly 39.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clatsop County.
Are home prices or rent rising faster in Clatsop County, Oregon?
Both home prices and rent are rising in Clatsop County, up about 20.2% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clatsop County, Oregon?
48.0% of households in Clatsop County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Clatsop County, Oregon?
The housing vacancy rate in Clatsop County, Oregon is 22.2%, higher than the Oregon average of 7.5%.