Lake County, Oregon Housing Market
In Lake County, Oregon, the median home value is $219,500, with a median monthly rent of $878. This places Lake County at #1193 nationally out of 3134 counties by median home value, and #34 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: $834
- Establishments: 304
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,903 (avg $58,133)
- Outflow: 2,646 (avg $58,715)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lake County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97630 | 301.9 | +0.94% | 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 Lake County Compares
| Metric | Lake County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $219,500 | $386,691 | $227,706 |
| Median Gross Rent | $878 | $1,190 | $968 |
| Owner Occupancy Rate | 67.3% | 68.4% | 73.3% |
| Price/Rent Ratio | 20.8 | 26.8 | 18.7 |
Market Analysis
The median home value in Lake County is 43.2% below the Oregon state average and 3.6% below the U.S. national average. The median rent of $878/month is 26.2% below the state average.
With a price-to-rent ratio of 20.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lake County has an owner-occupancy rate of 67.3%, 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 |
|---|---|---|---|
| Lincoln County | Nevada | $219,500 | $919 |
| Yakutat City and Borough | Alaska | $219,400 | $1,330 |
| Whitley County | Indiana | $219,400 | $934 |
| Bremer County | Iowa | $219,600 | $921 |
| Mason County | Michigan | $219,600 | $896 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sherman County | $211,800 | $1,032 | 65.9% |
| Grant County | $229,700 | $789 | 76.7% |
| Morrow County | $240,400 | $995 | 71.6% |
| Harney County | $242,100 | $684 | 67.4% |
| Malheur County | $248,900 | $821 | 63.2% |
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).