Lake County, Oregon Housing Market Prices
Lake County 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 55% below the Oregon median Cheaper than 83% of counties in Oregon$183,451
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Median rent 42% below the Oregon median Cheaper than 86% of counties in Oregon$877
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lake County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,451 | $406,603 | $248,835 |
| Price Trend (Annual %) | 25.1% | 9.4% | 7.5% |
| Median Gross Rent | $877 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake County is about 55% lower than in Oregon. Rent is about 42% 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 Lake County, up about 25.1% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Lake County rose about 45.3% between 2015 and 2024, from $604 to $877. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Lake County.
Buying the median-priced home in Lake County costs roughly 17.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lake County. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Lake County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $183,451 | $406,603 | $248,835 |
| Median Household Income | $61,953 | $83,617 | $80,455 |
| Price-to-Income Ratio | 3.0 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lake County rose about 18.2%, while median household income rose about 52.2% between 2009 and 2025 — 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 | Lake County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.3% | 58.6% | 58.5% |
| Rental Rate | 26.9% | 33.9% | 31.2% |
| Vacancy Rate | 17.8% | 7.5% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Lake County has a homeownership rate of 55.3%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 17.8%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Lake County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1971 | 1980 | 1978 |
| Median Number of Rooms | 5.2 | 5.3 | 5.5 |
The typical housing unit in Lake County was built around 1971. On average, 2.2 people live in a home with about 5.2 rooms, staying for about 15.0 years on average.
Lake County, OR Housing Compared With Nearby Counties
Lake County, OR is the smallest of the 4 counties compared here, 8,267 residents against a local median of 70,242. Where Lake County, OR breaks from the counties next to it is median home price, sitting 58% below the local median of $434,285 at $183,451.
The counties themselves spread $314,538 on median home price, so Lake County, OR sits at one end of an already wide local range rather than apart from it. Lake County, OR has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lake County, OR | 8,267 | $183,451 #4/4 | $877 #3/4 | 67.3% #4/4 |
| Modoc County, CA | 8,600 | $434,285 | $835 | 77.4% |
| Klamath County, OR | 70,242 | $304,477 | $990 | 69.4% |
| Deschutes County, OR | 206,229 | $619,015 | $1,787 | 70.0% |
Frequently Asked Questions
Common questions about the housing market in Lake County, Oregon.
What is the median home price in Lake County, Oregon?
The median home price in Lake County, Oregon is $183,451, lower than the Oregon average of $406,603.
What is the average home price in Lake County, Oregon?
The typical home price in Lake County, Oregon, reported as the median sale price, is $183,451. 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 Lake County, Oregon?
The median gross rent in Lake County, Oregon is $877 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Lake County in 2020?
In 2020, the median gross rent in Lake County, Oregon was $727 per month.
What is the price-to-rent ratio in Lake County, Oregon?
The price-to-rent ratio in Lake County, Oregon is about 17.4, meaning it would take roughly 17.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lake County.
Are home prices or rent rising faster in Lake County, Oregon?
Both home prices and rent are rising in Lake County, up about 25.1% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake County, Oregon?
55.3% of households in Lake County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Lake County, Oregon?
The housing vacancy rate in Lake County, Oregon is 17.8%, higher than the Oregon average of 7.5%.
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