Benton County, Oregon Housing Market
In Benton County, Oregon, the median home value is $513,000, with a median monthly rent of $1,410. This places Benton County at #129 nationally out of 3134 counties by median home value, and #6 within Oregon.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,242
- Establishments: 2,867
- BLS QCEW, 2025
Housing Supply
- Single-family: 103
- Multi-family: 381
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 37,253 (avg $100,092)
- Outflow: 34,848 (avg $101,721)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Benton County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97456 | 308.0 | -1.00% | 2025 |
| 2 | 97333 | 329.8 | -0.26% | 2025 |
| 3 | 97361 | 319.0 | +3.37% | 2025 |
| 4 | 97321 | 312.8 | +2.07% | 2025 |
| 5 | 97330 | 315.2 | +0.74% | 2025 |
| 6 | 97370 | 313.1 | -0.37% | 2025 |
| 7 | 97448 | 274.6 | +1.22% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Benton County Compares
| Metric | Benton County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $513,000 | $386,691 | $227,706 |
| Median Gross Rent | $1,410 | $1,190 | $968 |
| Owner Occupancy Rate | 56.9% | 68.4% | 73.3% |
| Price/Rent Ratio | 30.3 | 26.8 | 18.7 |
Market Analysis
The median home value in Benton County is 32.7% above the Oregon state average and 125.3% above the U.S. national average. The median rent of $1,410/month is 18.5% above the state average.
With a price-to-rent ratio of 30.3, Benton County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Benton County has an owner-occupancy rate of 56.9%, compared to 68.4% in Oregon and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Kendall County | Texas | $512,700 | $1,606 |
| Ada County | Idaho | $512,300 | $1,577 |
| Mendocino County | California | $512,200 | $1,317 |
| Bristol County | Rhode Island | $513,800 | $1,528 |
| Washington County | Rhode Island | $510,800 | $1,327 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Multnomah County | $552,700 | $1,646 | 53.4% |
| Yamhill County | $471,700 | $1,480 | 69.4% |
| Clatsop County | $468,300 | $1,180 | 63.2% |
| Crook County | $467,000 | $1,283 | 74.1% |
| Polk County | $454,700 | $1,299 | 64.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).