Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Home prices in Oregon have risen sharply since 2010, more than doubling from roughly $240,000 to $465,000 in 2024.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (ORSTHPI).
| Indicator | Oregon | U.S. |
|---|---|---|
| 10-yr appreciation (%) | 94 | 75 |
Median Home Value
Oregon's median home value reached about $465,000 in 2024, among the 10 highest in the nation, driven by Portland-area demand and strict urban growth boundaries.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Oregon | U.S. |
|---|---|---|
| Median home value (USD) | 465000 | 360000 |
Rent Prices
The median monthly rent in Oregon is about $1,470, well above the national median, especially acute in the Portland metro area.
Rent of primary residence index (West region)
2006–2025BLS CPI-U, West region, annual average (CUUR0400SEHA).
| Indicator | Oregon | U.S. |
|---|---|---|
| Median rent (USD/mo) | 1470 | 1350 |
Housing Inventory
Oregon has about 1.83 million total housing units, with construction lagging demand growth in the Portland and Bend metros.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Oregon | U.S. |
|---|---|---|
| Housing units (millions) | 1.83 | 146 |
Building Permits
Oregon issued roughly 16,000 residential building permits in 2023, below the pace needed to meet housing demand.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED ORBPPRIV).
| Indicator | Oregon | U.S. |
|---|---|---|
| Permits per 1,000 residents | 3.8 | 4.4 |
Homeownership Rate
Oregon's homeownership rate stands at 63.3%, slightly below the national average, reflecting high home prices relative to income.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED ORHOWN).
| Indicator | Oregon | U.S. |
|---|---|---|
| Homeownership rate (%) | 63.3 | 65.7 |
Housing Affordability
Housing affordability in Oregon has deteriorated sharply, with home prices far outpacing median household income of $76,632, especially in Portland and Bend.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Oregon | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 108.6 | 100 |
| Price-to-income ratio | 6.1 | 5 |
- •Oregon has among the highest per-capita rates of homelessness in the U.S.
Vacancy Rate
Oregon's housing vacancy rate is about 6.5%, reflecting a tight rental market in urban areas paired with more available units in rural counties.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ORRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED ORHVAC).
| Indicator | Oregon | U.S. |
|---|---|---|
| Vacancy rate (%) | 6.5 | 10.5 |