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 | Linn County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,524 | $406,286 | $242,182 |
| Price Trend (Annual %) | 15.0% | 10.7% | 8.2% |
| Median Gross Rent | $1,273 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Linn County is about 10% lower than in Oregon. Rent is about 12% 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 Linn County, up about 15.0% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Linn County rose about 57.1% between 2015 and 2023, from $810 to $1,273. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Linn County.
Buying the median-priced home in Linn County costs roughly 24.0 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 Linn County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Linn County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $366,524 | $406,286 | $242,182 |
| Median Household Income | $73,482 | $80,923 | $78,145 |
| Price-to-Income Ratio | 5.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Linn County rose about 159.2%, while median household income rose about 60.5% 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 | Linn County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.2% | 58.6% | 58.2% |
| Rental Rate | 31.6% | 33.9% | 31.3% |
| Vacancy Rate | 4.2% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Linn County has a homeownership rate of 64.2%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 4.2%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Linn County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1978 | 1980 | 1978 |
| Median Number of Rooms | 5.5 | 5.4 | 5.5 |
The typical housing unit in Linn County was built around 1978. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Linn County, Oregon.
What is the median home price in Linn County, Oregon?
The median home price in Linn County, Oregon is $366,524, lower than the Oregon average of $406,286.
What is the average home price in Linn 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 Linn County, Oregon?
The median gross rent in Linn County, Oregon is $1,273 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Linn County in 2020?
In 2020, the median gross rent in Linn County, Oregon was $1,036 per month.
What is the price-to-rent ratio in Linn County, Oregon?
The price-to-rent ratio in Linn County, Oregon is about 24.0, meaning it would take roughly 24.0 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 Linn County.
Are home prices or rent rising faster in Linn County, Oregon?
Both home prices and rent are rising in Linn County, up about 15.0% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Linn County, Oregon?
64.2% of households in Linn County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Linn County, Oregon?
The housing vacancy rate in Linn County, Oregon is 4.2%, lower than the Oregon average of 7.5%.