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These days, finding an affordable place to live in the Oregon area can be challenging. Home prices in Oregon are now at a median cost of $502,078, higher than the the United States average of $419,293.
The average cost of rent is $1,601/mo in Oregon, primarily driven by the current value of real estate in the Oregon area. In Oregon, 36.69% of households rent, and 35.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Oregon is $7,660 per month. Households that rent pay about 20.90% of their income on rent here. Oregon’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
States with Similar Populations
- Rhode Island: less expensive homes
- Missouri: less expensive homes
- Montana: less expensive homes
- Nebraska: less expensive homes
- Nevada: less expensive homes
- New Jersey: equally priced homes
- New Mexico: less expensive homes
- New York: higher priced homes
- North Carolina: less expensive homes
- North Dakota: less expensive homes
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