Marion County, Oregon Housing Market
In Marion County, Oregon, the median home value is $416,400, with a median monthly rent of $1,414. This places Marion County at #255 nationally out of 3134 counties by median home value, and #15 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: $1,125
- Establishments: 11,454
- BLS QCEW, 2025
Housing Supply
- Single-family: 784
- Multi-family: 539
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 135,911 (avg $76,608)
- Outflow: 131,957 (avg $77,068)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Marion County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97385 | 297.3 | +9.97% | 2025 |
| 2 | 97392 | 313.7 | +7.68% | 2025 |
| 3 | 97381 | 311.5 | -1.96% | 2025 |
| 4 | 97325 | 318.4 | +7.86% | 2025 |
| 5 | 97317 | 319.4 | +4.58% | 2025 |
| 6 | 97305 | 312.1 | +4.19% | 2025 |
| 7 | 97302 | 305.9 | +3.73% | 2025 |
| 8 | 97301 | 329.1 | +1.38% | 2025 |
| 9 | 97303 | 316.9 | +2.03% | 2025 |
| 10 | 97306 | 288.3 | +0.51% | 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 Marion County Compares
| Metric | Marion County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $416,400 | $386,691 | $227,706 |
| Median Gross Rent | $1,414 | $1,190 | $968 |
| Owner Occupancy Rate | 62.3% | 68.4% | 73.3% |
| Price/Rent Ratio | 24.5 | 26.8 | 18.7 |
Market Analysis
The median home value in Marion County is 7.7% above the Oregon state average and 82.9% above the U.S. national average. The median rent of $1,414/month is 18.8% above the state average.
With a price-to-rent ratio of 24.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Marion County has an owner-occupancy rate of 62.3%, 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 |
|---|---|---|---|
| Powhatan County | Virginia | $416,000 | $1,168 |
| Union County | North Carolina | $417,300 | $1,496 |
| Rockwall County | Texas | $415,500 | $1,992 |
| Davidson County | Tennessee | $417,400 | $1,582 |
| Madison County | Idaho | $414,800 | $1,014 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Columbia County | $421,600 | $1,373 | 76.1% |
| Lincoln County | $410,800 | $1,201 | 71.5% |
| Josephine County | $404,300 | $1,194 | 71.7% |
| Jackson County | $430,200 | $1,358 | 65.9% |
| Tillamook County | $430,200 | $1,246 | 74.3% |
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).