Morrow County, Oregon Housing Market
In Morrow County, Oregon, the median home value is $240,400, with a median monthly rent of $995. This places Morrow County at #978 nationally out of 3134 counties by median home value, and #32 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: $1,424
- Establishments: 364
- BLS QCEW, 2025
Housing Supply
- Single-family: 44
- Multi-family: 20
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,407 (avg $68,799)
- Outflow: 4,129 (avg $69,969)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Morrow County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97818 | 317.7 | — | 2025 |
| 2 | 97836 | 318.6 | -1.15% | 2025 |
| 3 | 97838 | 283.3 | +6.69% | 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 Morrow County Compares
| Metric | Morrow County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $240,400 | $386,691 | $227,706 |
| Median Gross Rent | $995 | $1,190 | $968 |
| Owner Occupancy Rate | 71.6% | 68.4% | 73.3% |
| Price/Rent Ratio | 20.1 | 26.8 | 18.7 |
Market Analysis
The median home value in Morrow County is 37.8% below the Oregon state average and 5.6% above the U.S. national average. The median rent of $995/month is 16.4% below the state average.
With a price-to-rent ratio of 20.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Morrow County has an owner-occupancy rate of 71.6%, 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 |
|---|---|---|---|
| Cooke County | Texas | $240,400 | $1,047 |
| Franklin County | Virginia | $240,400 | $829 |
| Rogers County | Oklahoma | $240,500 | $1,047 |
| Caldwell County | Texas | $240,500 | $1,173 |
| Butts County | Georgia | $240,600 | $941 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Harney County | $242,100 | $684 | 67.4% |
| Malheur County | $248,900 | $821 | 63.2% |
| Grant County | $229,700 | $789 | 76.7% |
| Lake County | $219,500 | $878 | 67.3% |
| Sherman County | $211,800 | $1,032 | 65.9% |
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).