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 | Harney County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,272 | $406,286 | $242,182 |
| Price Trend (Annual %) | -10.7% | 10.7% | 8.2% |
| Median Gross Rent | $675 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 2.6% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harney County is about 86% lower than in Oregon. Rent is about 53% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Harney County: home prices fell about 10.7% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
Median rent in Harney County rose about 19.9% between 2015 and 2023, from $563 to $675. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Harney County.
Buying the median-priced home in Harney County costs roughly 7.1 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 Harney County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Harney County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,272 | $406,286 | $242,182 |
| Median Household Income | $47,942 | $80,923 | $78,145 |
| Price-to-Income Ratio | 1.2 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Harney County fell about 44.2%, while median household income rose about 24.7% 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 | Harney County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.8% | 58.6% | 58.2% |
| Rental Rate | 27.7% | 33.9% | 31.3% |
| Vacancy Rate | 15.5% | 7.5% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Harney County has a homeownership rate of 56.8%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 15.5%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Harney County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1972 | 1980 | 1978 |
| Median Number of Rooms | 5.0 | 5.4 | 5.5 |
The typical housing unit in Harney County was built around 1972. On average, 2.3 people live in a home with about 5.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harney County, Oregon.
What is the median home price in Harney County, Oregon?
The median home price in Harney County, Oregon is $57,272, lower than the Oregon average of $406,286.
What is the average home price in Harney 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 Harney County, Oregon?
The median gross rent in Harney County, Oregon is $675 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Harney County in 2020?
In 2020, the median gross rent in Harney County, Oregon was $705 per month.
What is the price-to-rent ratio in Harney County, Oregon?
The price-to-rent ratio in Harney County, Oregon is about 7.1, meaning it would take roughly 7.1 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 Harney County.
Are home prices or rent rising faster in Harney County, Oregon?
Home prices and rent are moving in opposite directions in Harney County: home prices fell about 10.7% a year while rent rose about 2.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Harney County, Oregon?
56.8% of households in Harney County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Harney County, Oregon?
The housing vacancy rate in Harney County, Oregon is 15.5%, higher than the Oregon average of 7.5%.