Oregon Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Oregon?
The Oregon housing market is showing balanced conditions.
home values have been essentially flat (-0.9%) over the past year. there are currently 423 homes on the market.
Median Home Value
$487,541
Zillow Home Value Index
Year-over-Year
-0.9%
Home value change
5-Year Change
+21.5%
Since 2021
Median Rent
$1,663/mo
Zillow Observed Rent Index
Active Listings
423
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Oregon vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Oregon: $1,663/mo (+6% YoY)
Rent vs. Buy Analysis
With a median home value of $487,541 and average rent of $1,663/mo, the price-to-rent ratio in Oregon is 24.4. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in Oregon
Explore housing data for 12 metro areas in Oregon. Click any market for detailed trends and analysis.
Hood River, OR
$666,383
Avg rent: $1,957/mo
Bend, OR
$652,799
Avg rent: $2,192/mo
Corvallis, OR
$542,212
Avg rent: $1,951/mo
Portland, OR
$535,732
Avg rent: $2,208/mo
Astoria, OR
$496,727
Avg rent: $1,706/mo
Prineville, OR
$459,753
Avg rent: $1,651/mo
Newport, OR
$459,698
Avg rent: $1,928/mo
Brookings, OR
$442,989
Eugene, OR
$442,960
Avg rent: $1,908/mo
Salem, OR
$442,391
Avg rent: $1,050/mo
Medford, OR
$425,491
Avg rent: $1,707/mo
Albany, OR
$401,510
Continue Learning About Oregon
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.