Eugene, Oregon Housing Market Prices
Eugene 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 41% below the Oregon median$241,828
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Median rent 9% below the Oregon median$1,382
Housing Market Overview
| Metric | Eugene | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,828 | $406,603 | $248,835 |
| Price Trend (Annual %) | 5.4% | 9.4% | 7.5% |
| Median Gross Rent | $1,382 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Eugene is about 41% lower than in Oregon. Rent is about 9% lower 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 Eugene, up about 5.4% and 5.4% a year respectively. Rent is changing faster.
Median rent in Eugene rose about 57.0% between 2015 and 2024, from $880 to $1,382. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Eugene.
Buying the median-priced home in Eugene costs roughly 14.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eugene. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Eugene | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $241,828 | $406,603 | $248,835 |
| Median Household Income | $63,056 | $83,617 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Eugene rose about 26.6%, while median household income rose about 55.0% 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 | Eugene | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.8% | 58.6% | 58.5% |
| Rental Rate | 51.1% | 33.9% | 31.2% |
| Vacancy Rate | 5.1% | 7.5% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Eugene has a homeownership rate of 43.8%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 5.1%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Eugene | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 5.3 | 5.5 |
The typical housing unit in Eugene was built around 1979. On average, 2.2 people live in a home with about 5.0 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Eugene, Oregon.
What is the median home price in Eugene, Oregon?
The median home price in Eugene, Oregon is $241,828, lower than the Oregon average of $406,603.
What is the average home price in Eugene, Oregon?
The typical home price in Eugene, Oregon, reported as the median sale price, is $241,828. 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 Eugene, Oregon?
The median gross rent in Eugene, Oregon is $1,382 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Eugene in 2020?
In 2020, the median gross rent in Eugene, Oregon was $1,063 per month.
What is the price-to-rent ratio in Eugene, Oregon?
The price-to-rent ratio in Eugene, Oregon is about 14.6, meaning it would take roughly 14.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Eugene.
Are home prices or rent rising faster in Eugene, Oregon?
Both home prices and rent are rising in Eugene, up about 5.4% and 5.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Eugene, Oregon?
43.8% of households in Eugene, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Eugene, Oregon?
The housing vacancy rate in Eugene, Oregon is 5.1%, lower than the Oregon average of 7.5%.
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