Polk County, Oregon Housing Market
In Polk County, Oregon, the median home value is $454,700, with a median monthly rent of $1,299. This places Polk County at #185 nationally out of 3134 counties by median home value, and #10 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: $939
- Establishments: 2,130
- BLS QCEW, 2025
Housing Supply
- Single-family: 89
- Multi-family: 14
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 34,554 (avg $81,808)
- Outflow: 32,655 (avg $82,159)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Polk County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97396 | 300.8 | +8.93% | 2025 |
| 2 | 97101 | 319.5 | +1.43% | 2025 |
| 3 | 97351 | 331.6 | +7.54% | 2025 |
| 4 | 97378 | 301.9 | +9.11% | 2025 |
| 5 | 97304 | 289.6 | +2.79% | 2025 |
| 6 | 97338 | 300.2 | +1.16% | 2025 |
| 7 | 97347 | 327.0 | — | 2024 |
| 8 | 97344 | 357.5 | — | 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 Polk County Compares
| Metric | Polk County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $454,700 | $386,691 | $227,706 |
| Median Gross Rent | $1,299 | $1,190 | $968 |
| Owner Occupancy Rate | 64.7% | 68.4% | 73.3% |
| Price/Rent Ratio | 29.2 | 26.8 | 18.7 |
Market Analysis
The median home value in Polk County is 17.6% above the Oregon state average and 99.7% above the U.S. national average. The median rent of $1,299/month is 9.2% above the state average.
With a price-to-rent ratio of 29.2, Polk 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.
Polk County has an owner-occupancy rate of 64.7%, 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 |
|---|---|---|---|
| Beaufort County | South Carolina | $455,600 | $1,653 |
| Carver County | Minnesota | $453,600 | $1,514 |
| Carson City | Nevada | $453,000 | $1,248 |
| Maricopa County | Arizona | $452,800 | $1,708 |
| Calaveras County | California | $457,200 | $1,625 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Crook County | $467,000 | $1,283 | 74.1% |
| Clatsop County | $468,300 | $1,180 | 63.2% |
| Yamhill County | $471,700 | $1,480 | 69.4% |
| Lane County | $430,600 | $1,355 | 59.7% |
| Jackson County | $430,200 | $1,358 | 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).