Josephine County, Oregon Housing Market
In Josephine County, Oregon, the median home value is $404,300, with a median monthly rent of $1,194. This places Josephine County at #281 nationally out of 3134 counties by median home value, and #17 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: $953
- Establishments: 2,553
- BLS QCEW, 2025
Housing Supply
- Single-family: 156
- Multi-family: 137
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 34,550 (avg $68,419)
- Outflow: 32,527 (avg $68,358)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Josephine County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97523 | 298.8 | -4.81% | 2025 |
| 2 | 97538 | 322.2 | +14.15% | 2025 |
| 3 | 97544 | 302.6 | -16.87% | 2025 |
| 4 | 97532 | 264.9 | — | 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 Josephine County Compares
| Metric | Josephine County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $404,300 | $386,691 | $227,706 |
| Median Gross Rent | $1,194 | $1,190 | $968 |
| Owner Occupancy Rate | 71.7% | 68.4% | 73.3% |
| Price/Rent Ratio | 28.2 | 26.8 | 18.7 |
Market Analysis
The median home value in Josephine County is 4.6% above the Oregon state average and 77.6% above the U.S. national average. The median rent of $1,194/month is about equal to the state average.
With a price-to-rent ratio of 28.2, Josephine 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.
Josephine County has an owner-occupancy rate of 71.7%, 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 |
|---|---|---|---|
| Spotsylvania County | Virginia | $404,900 | $1,779 |
| Box Elder County | Utah | $403,600 | $1,116 |
| Hamilton County | Indiana | $405,500 | $1,574 |
| Stillwater County | Montana | $405,800 | $961 |
| Dawson County | Georgia | $406,700 | $1,626 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $410,800 | $1,201 | 71.5% |
| Wallowa County | $394,800 | $981 | 72.5% |
| Marion County | $416,400 | $1,414 | 62.3% |
| Columbia County | $421,600 | $1,373 | 76.1% |
| Curry County | $381,300 | $1,241 | 74.2% |
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).