Oregon housing market: home prices by city and forecast
Oregon home prices: a typical Oregon home was worth $492,753 in September 2026, according to the Zillow Home Value Index, 0% compared with a year earlier.
- Typical value of a home
- $492,753September 2026, Zillow ZHVI
- Change over 12 months
- 0%US +1.2%
- Change over 10 years
- +64.4%US +77.4%
- Growth multiple from 2000
- ×3.26US ×2.99
- Ratio of price to income
- Median income: $85,220. 5.8.
In a highest-first ranking across the 50 states and DC, Oregon placed 12th for typical home value and 40th for the 12-month change. Growth since 2000 ranked 15th of 47, and price to income ranked 9th.
Oregon home prices since 2000
Oregon's typical home value rose from $151,292 in January 2000 to $492,753. The June 2022 high reached $510,618, leaving the current level 3.5% lower.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $153,766 | $159,377 | $166,125 | $174,820 | $188,831 | $215,438 | $256,080 | $274,670 | $263,970 | $237,774 |
| 2010s | $223,598 | $205,039 | $200,108 | $217,821 | $238,535 | $260,577 | $293,525 | $321,847 | $344,159 | $357,604 |
| 2020s | $379,475 | $444,463 | $496,782 | $487,648 | $494,270 | $495,544 |
Oregon home prices since 1975: the FHFA index
On FHFA's repeat-sales index, Oregon reached 1593 in 2025 (1975 = 100). In Q2 2026, it was up +1.7% from a year earlier.
Owner-reported values from the Census of Housing were $2,343 for Oregon in 1940 and $152,100 in 2000.
| Census year | Oregon median value | US median value |
|---|---|---|
| 1940 | $2,343 | $2,938 |
| 1950 | $6,846 | $7,354 |
| 1960 | $10,500 | $11,900 |
| 1970 | $15,400 | $17,000 |
| 1980 | $56,900 | $47,200 |
| 1990 | $67,100 | $79,100 |
| 2000 | $152,100 | $119,600 |
No inflation adjustment is applied to these numbers. Census of Housing tables
Home prices in Oregon by city
5 cities have their own page here, and the largest come first:
| City | Typical value of a home | Change over 12 months | Growth multiple from 2000 |
|---|---|---|---|
| Portland, Oregon | $524,318 | +0.5% | ×3.16 |
| Salem | $432,418 | +0.3% | ×3.09 |
| Eugene | $471,485 | +0.9% | ×3.06 |
| Bend | $721,430 | −0.6% | ×4.35 |
| Medford | $404,082 | +1.0% | ×2.65 |
| Beaverton | $520,242 | −1.9% | |
| Gresham | $462,189 | −0.5% | |
| Hillsboro | $509,612 | −2.3% | |
| Springfield | $414,755 | +1.1% | |
| Grants Pass | $397,758 | −0.1% | |
| Corvallis | $556,438 | +0.4% | |
| Tigard | $598,717 | −0.9% | |
| Albany | $433,091 | +0.2% | |
| Oregon City | $591,081 | +0.5% | |
| Klamath Falls | $302,160 | −0.2% |
Zillow Home Value Index, September 2026.
Oregon metro area price forecasts
Zillow forecasts covering 12 months, from September 2026 for 5 Oregon metros, range from −0.5% to +0.3%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Portland, OR | −0.3% | −0.1% |
| Salem, OR | 0% | +0.1% |
| Eugene, OR | +0.1% | +0.3% |
| Bend, OR | +0.1% | −0.2% |
| Medford, OR | −0.6% | −0.5% |
This is Zillow's estimate, not investment advice.
Living costs in Oregon
Oregon's overall price level is 103.4 (US 100), including housing at 108.6, goods at 105.3, utilities at 107.0, and other services at 100.3 (source: BEA). Median household income is $85,220, and median gross rent is $1,597 a month (Census ACS 2024). In addition, 63% of homes are owner-occupied, with a median year built of 1982.
For a state-by-state view, see cost of living by state. Individual city pages: Portland, Oregon, Salem, Bend.
How to read this chart
The first chart uses dollars and reached its high of $510,618 during June 2022. The second chart uses an index, and Oregon's line finishes at 1593. That means Oregon prices reached 15.9 times their 1975 level. Inflation is not adjusted for in either chart.