Oregon Housing Market Prices
Oregon 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 63% above the US median More expensive than 84% of states in US$406,603
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Median rent 8% above the US median More expensive than 75% of states in US$1,525
Median Home Price Map: Counties in Oregon
Housing Market Overview
| Metric | Oregon | US Average |
|---|---|---|
| Median Home Price | $406,603 | $248,835 |
| Price Trend (Annual %) | 9.4% | 7.5% |
| Median Gross Rent | $1,525 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — |
The median home price in Oregon is about 63% higher than in US. Rent is about 8% higher than the US 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 Oregon, up about 9.4% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Oregon rose about 68.2% between 2015 and 2024, from $907 to $1,525. Over the same span, rent in US rose about 52.1%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Oregon.
Buying the median-priced home in Oregon costs roughly 22.2 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 Oregon. The price-to-rent ratio in US is about 14.7.
| Metric | Oregon | US Average |
|---|---|---|
| Median Home Price | $406,603 | $248,835 |
| Median Household Income | $83,617 | $80,455 |
| Price-to-Income Ratio | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oregon rose about 119.2%, while median household income rose about 65.6% 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 | Oregon | US Average |
|---|---|---|
| Homeownership Rate | 58.6% | 58.5% |
| Rental Rate | 33.9% | 31.2% |
| Vacancy Rate | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 |
Oregon has a homeownership rate of 58.6%, about the same as the US average of 58.5%. Its housing vacancy rate is 7.5%, compared with 10.2% in US.
Housing Stock
| Metric | Oregon | US Average |
|---|---|---|
| Average Household Size | 2.41 people | 2.53 people |
| Median Structure Built Year | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 |
The typical housing unit in Oregon was built around 1980. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Oregon Housing Compared With Nearby States
Oregon is the 3rd largest of the 6 states compared here, 4,252,306 residents against a local median of 3,390,702. Where Oregon breaks from the states next to it is median home price, sitting 16% below the local median of $485,016 at $406,603.
The states themselves spread $293,036 on median home price, so Oregon sits at one end of an already wide local range rather than apart from it. Oregon has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oregon | 4,252,306 | $406,603 #4/6 | $1,525 #4/6 | 63.3% #4/6 |
| Washington | 7,801,159 | $485,016 | $1,759 | 63.8% |
| Idaho | 1,929,983 | $394,140 | $1,236 | 72.3% |
| Nevada | 3,183,702 | $357,758 | $1,597 | 60.0% |
| California | 39,245,658 | $650,794 | $2,036 | 55.9% |
| Utah | 3,390,702 | $498,552 | $1,495 | 70.3% |
Frequently Asked Questions
Common questions about the housing market in Oregon.
What is the median home price in Oregon?
The median home price in Oregon is $406,603, higher than the US average of $248,835.
What is the average home price in Oregon?
The typical home price in Oregon, reported as the median sale price, is $406,603. 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 Oregon?
The median gross rent in Oregon is $1,525 per month, higher than the US average of $1,407.
What was the median gross rent in Oregon in 2020?
In 2020, the median gross rent in Oregon was $1,172 per month.
What is the price-to-rent ratio in Oregon?
The price-to-rent ratio in Oregon is about 22.2, meaning it would take roughly 22.2 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 Oregon.
Are home prices or rent rising faster in Oregon?
Both home prices and rent are rising in Oregon, up about 9.4% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oregon?
58.6% of households in Oregon own their home, about the same as the US average.
What is the vacancy rate in Oregon?
The housing vacancy rate in Oregon is 7.5%, lower than the US average of 10.2%.
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