Home Values

Oregon Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$238,300

  • 6.0% 1-year change
  • 3.4% 1-year forecast

The median home value in Oregon is $238,300. Oregon home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Oregon is $159. The median price of homes currently listed in Oregon is $261,500 while the median price of homes that sold is $244,900. The median rent price in Oregon is $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Oregon 5.4 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oregon is 7.2%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oregon homeowners underwater on their mortgage is 14.7%.

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Relative ZHVI
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Oregon Market Overview

Data through Oct 31, 2014
  • $238,300 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $261,500 Median listing price
  • $244,900 Median sale price
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Oregon Market Health

Data through Oct 31, 2014
  • 6.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 81 Average days on Zillow (Sep 30, 2014)
  • 14.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.4 homes Oregon
4.5 homes United States
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Cities in Oregon

Name Median ZHVI
Portland $301,400
Bend $293,800
Beaverton $290,900
Name Median ZHVI
Hillsboro $260,000
Eugene $234,900
Gresham $224,300
Name Median ZHVI
Medford $197,000
Salem $178,100
Springfield $178,000

Listings & Sales

Data through Oct 31, 2014
  • $159 Median list price / sq ft
  • $157 Median sale price / sq ft
  • 37.9% Listings with price cut
18.3%
Sold below listing
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Oregon Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,377 Oregon
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,200 Rent list price
  • $1.07 Rent list price / sq ft
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