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 | Yamhill County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $395,065 | $406,286 | $242,182 |
| Price Trend (Annual %) | 14.5% | 10.7% | 8.2% |
| Median Gross Rent | $1,376 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 6.0% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Yamhill County is about 3% lower than in Oregon. Rent is about 5% 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 Yamhill County, up about 14.5% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Yamhill County rose about 53.1% between 2015 and 2023, from $899 to $1,376. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Yamhill County.
Buying the median-priced home in Yamhill County costs roughly 23.9 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 Yamhill County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Yamhill County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $395,065 | $406,286 | $242,182 |
| Median Household Income | $85,924 | $80,923 | $78,145 |
| Price-to-Income Ratio | 4.6 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Yamhill County rose about 167.0%, while median household income rose about 67.1% 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 | Yamhill County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 58.6% | 58.2% |
| Rental Rate | 28.6% | 33.9% | 31.3% |
| Vacancy Rate | 4.7% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Yamhill County has a homeownership rate of 66.7%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 4.7%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Yamhill County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1987 | 1980 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Yamhill County was built around 1987. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Yamhill County, Oregon.
What is the median home price in Yamhill County, Oregon?
The median home price in Yamhill County, Oregon is $395,065, lower than the Oregon average of $406,286.
What is the average home price in Yamhill 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 Yamhill County, Oregon?
The median gross rent in Yamhill County, Oregon is $1,376 per month, lower than the Oregon average of $1,449.
What was the median gross rent in Yamhill County in 2020?
In 2020, the median gross rent in Yamhill County, Oregon was $1,103 per month.
What is the price-to-rent ratio in Yamhill County, Oregon?
The price-to-rent ratio in Yamhill County, Oregon is about 23.9, meaning it would take roughly 23.9 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 Yamhill County.
Are home prices or rent rising faster in Yamhill County, Oregon?
Both home prices and rent are rising in Yamhill County, up about 14.5% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Yamhill County, Oregon?
66.7% of households in Yamhill County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Yamhill County, Oregon?
The housing vacancy rate in Yamhill County, Oregon is 4.7%, lower than the Oregon average of 7.5%.