Polk County, Oregon Housing Market Prices
Polk 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 79% below the Oregon median Among the top 5 cheapest counties in Oregon$85,076
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Median rent 15% below the Oregon median$1,299
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Polk County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,076 | $406,603 | $248,835 |
| Price Trend (Annual %) | 4.4% | 9.4% | 7.5% |
| Median Gross Rent | $1,299 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Polk County is about 79% lower than in Oregon. Rent is about 15% 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 Polk County, up about 4.4% and 5.8% a year respectively. Rent is changing faster.
Median rent in Polk County rose about 63.7% between 2015 and 2024, from $794 to $1,299. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Polk County.
Buying the median-priced home in Polk County costs roughly 5.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Polk County. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Polk County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,076 | $406,603 | $248,835 |
| Median Household Income | $86,020 | $83,617 | $80,455 |
| Price-to-Income Ratio | 1.0 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Polk County fell about 51.5%, while median household income rose about 53.3% 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 | Polk County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.2% | 58.6% | 58.5% |
| Rental Rate | 33.4% | 33.9% | 31.2% |
| Vacancy Rate | 5.4% | 7.5% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Polk County has a homeownership rate of 61.2%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 5.4%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Polk County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1986 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.3 | 5.5 |
The typical housing unit in Polk County was built around 1986. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Polk County, OR Housing Compared With Nearby Counties
Polk County, OR is typical in size for this group, 89,625 residents against a local median of 102,441, so the measures below are close to a like for like comparison. The measure that sets Polk County, OR apart most is median home price: $85,076, 77% below the local median of $369,747.
The counties themselves spread $394,937 on median home price, so Polk County, OR sits at one end of an already wide local range rather than apart from it. Polk County, OR has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Polk County, OR | 89,625 | $85,076 #4/5 | $1,299 #4/5 | 64.7% #3/5 |
| Yamhill County, OR | 108,598 | $443,771 | $1,479 | 69.4% |
| Benton County, OR | 96,284 | $77,748 | $1,409 | 56.9% |
| Lincoln County, OR | 50,961 | $295,722 | $1,200 | 71.5% |
| Washington County, OR | 603,920 | $472,684 | $1,848 | 60.8% |
Frequently Asked Questions
Common questions about the housing market in Polk County, Oregon.
What is the median home price in Polk County, Oregon?
The median home price in Polk County, Oregon is $85,076, lower than the Oregon average of $406,603.
What is the average home price in Polk County, Oregon?
The typical home price in Polk County, Oregon, reported as the median sale price, is $85,076. 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 Polk County, Oregon?
The median gross rent in Polk County, Oregon is $1,299 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Polk County in 2020?
In 2020, the median gross rent in Polk County, Oregon was $1,043 per month.
What is the price-to-rent ratio in Polk County, Oregon?
The price-to-rent ratio in Polk County, Oregon is about 5.5, meaning it would take roughly 5.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Polk County.
Are home prices or rent rising faster in Polk County, Oregon?
Both home prices and rent are rising in Polk County, up about 4.4% and 5.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Polk County, Oregon?
61.2% of households in Polk County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Polk County, Oregon?
The housing vacancy rate in Polk County, Oregon is 5.4%, lower than the Oregon average of 7.5%.
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