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 | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,985 | $406,286 | $242,182 |
| Price Trend (Annual %) | 11.0% | 10.7% | 8.2% |
| Median Gross Rent | $1,287 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 5.5% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lane County is about 17% lower than in Oregon. Rent is about 11% 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 Lane County, up about 11.0% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Lane County rose about 48.6% between 2015 and 2023, from $866 to $1,287. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Lane County.
Buying the median-priced home in Lane County costs roughly 21.8 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 Lane County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,985 | $406,286 | $242,182 |
| Median Household Income | $69,284 | $80,923 | $78,145 |
| Price-to-Income Ratio | 4.8 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lane County rose about 105.1%, while median household income rose about 62.4% 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 | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 58.6% | 58.2% |
| Rental Rate | 38.5% | 33.9% | 31.3% |
| Vacancy Rate | 5.2% | 7.5% | 10.6% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Lane County has a homeownership rate of 56.3%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 5.2%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Lane County was built around 1979. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lane County, Oregon.
What is the median home price in Lane County, Oregon?
The median home price in Lane County, Oregon is $335,985, lower than the Oregon average of $406,286.
What is the average home price in Lane 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 Lane County, Oregon?
The median gross rent in Lane County, Oregon is $1,287 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Lane County in 2020?
In 2020, the median gross rent in Lane County, Oregon was $1,037 per month.
What is the price-to-rent ratio in Lane County, Oregon?
The price-to-rent ratio in Lane County, Oregon is about 21.8, meaning it would take roughly 21.8 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 Lane County.
Are home prices or rent rising faster in Lane County, Oregon?
Both home prices and rent are rising in Lane County, up about 11.0% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lane County, Oregon?
56.3% of households in Lane County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Lane County, Oregon?
The housing vacancy rate in Lane County, Oregon is 5.2%, lower than the Oregon average of 7.5%.