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 | Gilliam County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,000 | $406,286 | $242,182 |
| Price Trend (Annual %) | 13.1% | 10.7% | 8.2% |
| Median Gross Rent | $1,084 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gilliam County is about 75% lower than in Oregon. Rent is about 25% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Gilliam County, up about 13.1% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Gilliam County rose about 46.4% between 2015 and 2023, from $741 to $1,084. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Gilliam County.
Buying the median-priced home in Gilliam County costs roughly 7.7 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 Gilliam County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Gilliam County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $100,000 | $406,286 | $242,182 |
| Median Household Income | $63,480 | $80,923 | $78,145 |
| Price-to-Income Ratio | 1.6 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Gilliam County rose about 81.8%, while median household income rose about 49.0% 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 | Gilliam County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 58.6% | 58.2% |
| Rental Rate | 19.1% | 33.9% | 31.3% |
| Vacancy Rate | 21.8% | 7.5% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Gilliam County has a homeownership rate of 59.1%, about the same as the Oregon average of 58.6%. Its housing vacancy rate is 21.8%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Gilliam County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1966 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Gilliam County was built around 1966. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gilliam County, Oregon.
What is the median home price in Gilliam County, Oregon?
The median home price in Gilliam County, Oregon is $100,000, lower than the Oregon average of $406,286.
What is the average home price in Gilliam 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 Gilliam County, Oregon?
The median gross rent in Gilliam County, Oregon is $1,084 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Gilliam County in 2020?
In 2020, the median gross rent in Gilliam County, Oregon was $957 per month.
What is the price-to-rent ratio in Gilliam County, Oregon?
The price-to-rent ratio in Gilliam County, Oregon is about 7.7, meaning it would take roughly 7.7 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 Gilliam County.
Are home prices or rent rising faster in Gilliam County, Oregon?
Both home prices and rent are rising in Gilliam County, up about 13.1% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gilliam County, Oregon?
59.1% of households in Gilliam County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Gilliam County, Oregon?
The housing vacancy rate in Gilliam County, Oregon is 21.8%, higher than the Oregon average of 7.5%.