Deschutes County, Oregon Housing Market
In Deschutes County, Oregon, the median home value is $650,900, with a median monthly rent of $1,787. This places Deschutes County at #67 nationally out of 3134 counties by median home value, and #2 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: $1,316
- Establishments: 10,912
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,166
- Multi-family: 1,408
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 91,823 (avg $121,076)
- Outflow: 86,110 (avg $118,422)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 5 active ZIP codes in Deschutes County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97759 | 331.8 | +11.30% | 2025 |
| 2 | 97703 | 456.7 | +0.44% | 2025 |
| 3 | 97702 | 408.6 | -0.86% | 2025 |
| 4 | 97739 | 377.0 | +2.86% | 2025 |
| 5 | 97707 | 360.8 | +1.48% | 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 Deschutes County Compares
| Metric | Deschutes County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $650,900 | $386,691 | $227,706 |
| Median Gross Rent | $1,787 | $1,190 | $968 |
| Owner Occupancy Rate | 70.0% | 68.4% | 73.3% |
| Price/Rent Ratio | 30.4 | 26.8 | 18.7 |
Market Analysis
The median home value in Deschutes County is 68.3% above the Oregon state average and 185.9% above the U.S. national average. The median rent of $1,787/month is 50.2% above the state average.
With a price-to-rent ratio of 30.4, Deschutes 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.
Deschutes County has an owner-occupancy rate of 70.0%, 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 |
|---|---|---|---|
| Western Connecticut Planning Region | Connecticut | $652,900 | $2,110 |
| Morgan County | Utah | $654,900 | $1,492 |
| Valley County | Idaho | $657,000 | $1,117 |
| Hood River County | Oregon | $660,000 | $1,417 |
| Montgomery County | Maryland | $640,300 | $2,068 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hood River County | $660,000 | $1,417 | 69.4% |
| Clackamas County | $611,000 | $1,758 | 70.7% |
| Washington County | $588,000 | $1,849 | 60.8% |
| Multnomah County | $552,700 | $1,646 | 53.4% |
| Benton County | $513,000 | $1,410 | 56.9% |
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).