Malheur County, Oregon Housing Market
In Malheur County, Oregon, the median home value is $248,900, with a median monthly rent of $821. This places Malheur County at #899 nationally out of 3134 counties by median home value, and #30 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: $859
- Establishments: 972
- BLS QCEW, 2025
Housing Supply
- Single-family: 44
- Multi-family: 44
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,277 (avg $55,273)
- Outflow: 9,571 (avg $56,279)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Malheur County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97918 | 251.1 | -6.21% | 2025 |
| 2 | 97914 | 293.8 | +0.07% | 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 Malheur County Compares
| Metric | Malheur County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $248,900 | $386,691 | $227,706 |
| Median Gross Rent | $821 | $1,190 | $968 |
| Owner Occupancy Rate | 63.2% | 68.4% | 73.3% |
| Price/Rent Ratio | 25.3 | 26.8 | 18.7 |
Market Analysis
The median home value in Malheur County is 35.6% below the Oregon state average and 9.3% above the U.S. national average. The median rent of $821/month is 31.0% below the state average.
With a price-to-rent ratio of 25.3, Malheur 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.
Malheur County has an owner-occupancy rate of 63.2%, 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 |
|---|---|---|---|
| East Baton Rouge Parish | Louisiana | $248,800 | $1,147 |
| Meeker County | Minnesota | $249,000 | $904 |
| Stone County | Missouri | $249,000 | $896 |
| Sullivan County | New York | $249,000 | $1,106 |
| Washington County | Tennessee | $249,000 | $1,005 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Harney County | $242,100 | $684 | 67.4% |
| Morrow County | $240,400 | $995 | 71.6% |
| Grant County | $229,700 | $789 | 76.7% |
| Wheeler County | $272,400 | $870 | 71.8% |
| Lake County | $219,500 | $878 | 67.3% |
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).