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 | Coos County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,136 | $406,286 | $242,182 |
| Price Trend (Annual %) | 6.6% | 10.7% | 8.2% |
| Median Gross Rent | $991 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Coos County is about 44% lower than in Oregon. Rent is about 32% 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 Coos County, up about 6.6% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Coos County rose about 39.8% between 2015 and 2023, from $709 to $991. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Coos County.
Buying the median-priced home in Coos County costs roughly 19.0 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 Coos County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Coos County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $226,136 | $406,286 | $242,182 |
| Median Household Income | $60,338 | $80,923 | $78,145 |
| Price-to-Income Ratio | 3.7 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Coos County rose about 57.0%, while median household income rose about 63.8% between 2009 and 2023 — 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 | Coos County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.4% | 58.6% | 58.2% |
| Rental Rate | 26.3% | 33.9% | 31.3% |
| Vacancy Rate | 10.4% | 7.5% | 10.6% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Coos County has a homeownership rate of 63.4%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 10.4%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Coos County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1971 | 1980 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Coos County was built around 1971. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Coos County, Oregon.
What is the median home price in Coos County, Oregon?
The median home price in Coos County, Oregon is $226,136, lower than the Oregon average of $406,286.
What is the average home price in Coos 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 Coos County, Oregon?
The median gross rent in Coos County, Oregon is $991 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Coos County in 2020?
In 2020, the median gross rent in Coos County, Oregon was $844 per month.
What is the price-to-rent ratio in Coos County, Oregon?
The price-to-rent ratio in Coos County, Oregon is about 19.0, meaning it would take roughly 19.0 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 Coos County.
Are home prices or rent rising faster in Coos County, Oregon?
Both home prices and rent are rising in Coos County, up about 6.6% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Coos County, Oregon?
63.4% of households in Coos County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Coos County, Oregon?
The housing vacancy rate in Coos County, Oregon is 10.4%, higher than the Oregon average of 7.5%.