Grants Pass, Oregon Housing Market Prices
Grants Pass 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 10% below the Oregon median$365,093
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Median rent 24% below the Oregon median$1,164
Housing Market Overview
| Metric | Grants Pass | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $365,093 | $406,603 | $248,835 |
| Price Trend (Annual %) | 63.2% | 9.4% | 7.5% |
| Median Gross Rent | $1,164 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grants Pass is about 10% lower than in Oregon. Rent is about 24% 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 Grants Pass, up about 63.2% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Grants Pass rose about 42.6% between 2015 and 2024, from $816 to $1,164. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Grants Pass.
Buying the median-priced home in Grants Pass costs roughly 26.1 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 Grants Pass. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Grants Pass | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $365,093 | $406,603 | $248,835 |
| Median Household Income | $55,324 | $83,617 | $80,455 |
| Price-to-Income Ratio | 6.6 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grants Pass rose about 126.4%, while median household income rose about 55.8% between 2009 and 2025 — 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 | Grants Pass | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.1% | 58.6% | 58.5% |
| Rental Rate | 43.7% | 33.9% | 31.2% |
| Vacancy Rate | 4.2% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Grants Pass has a homeownership rate of 52.1%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 4.2%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Grants Pass | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.1 | 5.3 | 5.5 |
The typical housing unit in Grants Pass was built around 1979. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Grants Pass, Oregon.
What is the median home price in Grants Pass, Oregon?
The median home price in Grants Pass, Oregon is $365,093, lower than the Oregon average of $406,603.
What is the average home price in Grants Pass, Oregon?
The typical home price in Grants Pass, Oregon, reported as the median sale price, is $365,093. 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 Grants Pass, Oregon?
The median gross rent in Grants Pass, Oregon is $1,164 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Grants Pass in 2020?
In 2020, the median gross rent in Grants Pass, Oregon was $925 per month.
What is the price-to-rent ratio in Grants Pass, Oregon?
The price-to-rent ratio in Grants Pass, Oregon is about 26.1, meaning it would take roughly 26.1 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 Grants Pass.
Are home prices or rent rising faster in Grants Pass, Oregon?
Both home prices and rent are rising in Grants Pass, up about 63.2% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grants Pass, Oregon?
52.1% of households in Grants Pass, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Grants Pass, Oregon?
The housing vacancy rate in Grants Pass, Oregon is 4.2%, lower than the Oregon average of 7.5%.
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