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 | Tillamook County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,000 | $406,286 | $242,182 |
| Price Trend (Annual %) | 10.2% | 10.7% | 8.2% |
| Median Gross Rent | $1,169 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 5.4% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tillamook County is about 20% lower than in Oregon. Rent is about 19% 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 Tillamook County, up about 10.2% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Tillamook County rose about 39.7% between 2015 and 2023, from $836 to $1,169. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Tillamook County.
Buying the median-priced home in Tillamook County costs roughly 23.2 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 Tillamook County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Tillamook County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,000 | $406,286 | $242,182 |
| Median Household Income | $65,273 | $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 Tillamook County rose about 87.1%, while median household income rose about 68.7% 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 | Tillamook County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.3% | 58.6% | 58.2% |
| Rental Rate | 16.6% | 33.9% | 31.3% |
| Vacancy Rate | 38.1% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Tillamook County has a homeownership rate of 45.3%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 38.1%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Tillamook County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1978 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Tillamook County was built around 1978. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tillamook County, Oregon.
What is the median home price in Tillamook County, Oregon?
The median home price in Tillamook County, Oregon is $325,000, lower than the Oregon average of $406,286.
What is the average home price in Tillamook 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 Tillamook County, Oregon?
The median gross rent in Tillamook County, Oregon is $1,169 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Tillamook County in 2020?
In 2020, the median gross rent in Tillamook County, Oregon was $951 per month.
What is the price-to-rent ratio in Tillamook County, Oregon?
The price-to-rent ratio in Tillamook County, Oregon is about 23.2, meaning it would take roughly 23.2 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 Tillamook County.
Are home prices or rent rising faster in Tillamook County, Oregon?
Both home prices and rent are rising in Tillamook County, up about 10.2% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tillamook County, Oregon?
45.3% of households in Tillamook County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Tillamook County, Oregon?
The housing vacancy rate in Tillamook County, Oregon is 38.1%, higher than the Oregon average of 7.5%.