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 | Hood River County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,352 | $406,286 | $242,182 |
| Price Trend (Annual %) | 42.8% | 10.7% | 8.2% |
| Median Gross Rent | $1,380 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hood River County is about 9% higher than in Oregon. Rent is about 5% 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 Hood River County, up about 42.8% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Hood River County rose about 55.6% between 2015 and 2023, from $887 to $1,380. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Hood River County.
Buying the median-priced home in Hood River County costs roughly 26.8 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 Hood River County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Hood River County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $443,352 | $406,286 | $242,182 |
| Median Household Income | $84,079 | $80,923 | $78,145 |
| Price-to-Income Ratio | 5.3 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Hood River County rose about 143.6%, while median household income rose about 68.6% 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 | Hood River County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 58.6% | 58.2% |
| Rental Rate | 28.2% | 33.9% | 31.3% |
| Vacancy Rate | 11.6% | 7.5% | 10.6% |
| Median Tenure (years) | 16.0 | 13.0 | 15.0 |
| Median Year Moved In | 2010 | 2013 | 2011 |
Hood River County has a homeownership rate of 60.2%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 11.6%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Hood River County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.4 | 5.5 |
The typical housing unit in Hood River County was built around 1980. On average, 2.5 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 Hood River County, Oregon.
What is the median home price in Hood River County, Oregon?
The median home price in Hood River County, Oregon is $443,352, higher than the Oregon average of $406,286.
What is the average home price in Hood River 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 Hood River County, Oregon?
The median gross rent in Hood River County, Oregon is $1,380 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Hood River County in 2020?
In 2020, the median gross rent in Hood River County, Oregon was $1,137 per month.
What is the price-to-rent ratio in Hood River County, Oregon?
The price-to-rent ratio in Hood River County, Oregon is about 26.8, meaning it would take roughly 26.8 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 Hood River County.
Are home prices or rent rising faster in Hood River County, Oregon?
Both home prices and rent are rising in Hood River County, up about 42.8% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hood River County, Oregon?
60.2% of households in Hood River County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Hood River County, Oregon?
The housing vacancy rate in Hood River County, Oregon is 11.6%, higher than the Oregon average of 7.5%.