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 | Curry County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,153 | $406,286 | $242,182 |
| Price Trend (Annual %) | 0.6% | 10.7% | 8.2% |
| Median Gross Rent | $1,155 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Curry County is about 39% lower than in Oregon. Rent is about 20% 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 Curry County, up about 0.6% and 4.7% a year respectively. Rent is changing faster.
Median rent in Curry County rose about 40.2% between 2015 and 2023, from $824 to $1,155. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Curry County.
Buying the median-priced home in Curry County costs roughly 17.8 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 Curry County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Curry County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $246,153 | $406,286 | $242,182 |
| Median Household Income | $63,144 | $80,923 | $78,145 |
| Price-to-Income Ratio | 3.9 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Curry County rose about 8.5%, while median household income rose about 72.5% 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 | Curry County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.3% | 58.6% | 58.2% |
| Rental Rate | 21.6% | 33.9% | 31.3% |
| Vacancy Rate | 14.0% | 7.5% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Curry County has a homeownership rate of 64.3%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 14.0%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Curry County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.06 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 5.2 | 5.4 | 5.5 |
The typical housing unit in Curry County was built around 1980. On average, 2.1 people live in a home with about 5.2 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Curry County, Oregon.
What is the median home price in Curry County, Oregon?
The median home price in Curry County, Oregon is $246,153, lower than the Oregon average of $406,286.
What is the average home price in Curry 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 Curry County, Oregon?
The median gross rent in Curry County, Oregon is $1,155 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Curry County in 2020?
In 2020, the median gross rent in Curry County, Oregon was $895 per month.
What is the price-to-rent ratio in Curry County, Oregon?
The price-to-rent ratio in Curry County, Oregon is about 17.8, meaning it would take roughly 17.8 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 Curry County.
Are home prices or rent rising faster in Curry County, Oregon?
Both home prices and rent are rising in Curry County, up about 0.6% and 4.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Curry County, Oregon?
64.3% of households in Curry County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Curry County, Oregon?
The housing vacancy rate in Curry County, Oregon is 14.0%, higher than the Oregon average of 7.5%.