Union County, Oregon Housing Market
In Union County, Oregon, the median home value is $294,600, with a median monthly rent of $982. This places Union County at #654 nationally out of 3134 counties by median home value, and #25 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: $974
- Establishments: 918
- BLS QCEW, 2025
Housing Supply
- Single-family: 48
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,394 (avg $68,357)
- Outflow: 9,695 (avg $69,361)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97824 | 331.4 | +7.12% | 2025 |
| 2 | 97850 | 312.4 | +1.34% | 2025 |
| 3 | 97883 | 282.6 | +5.05% | 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 Union County Compares
| Metric | Union County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $294,600 | $386,691 | $227,706 |
| Median Gross Rent | $982 | $1,190 | $968 |
| Owner Occupancy Rate | 65.5% | 68.4% | 73.3% |
| Price/Rent Ratio | 25.0 | 26.8 | 18.7 |
Market Analysis
The median home value in Union County is 23.8% below the Oregon state average and 29.4% above the U.S. national average. The median rent of $982/month is 17.5% below the state average.
With a price-to-rent ratio of 25.0, Union 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.
Union County has an owner-occupancy rate of 65.5%, 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 |
|---|---|---|---|
| Albany County | New York | $294,600 | $1,313 |
| Barrow County | Georgia | $294,700 | $1,318 |
| Shenandoah County | Virginia | $294,900 | $984 |
| Atlantic County | New Jersey | $295,000 | $1,376 |
| Butler County | Pennsylvania | $294,200 | $1,041 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Baker County | $285,600 | $865 | 71.5% |
| Umatilla County | $282,600 | $997 | 67.9% |
| Klamath County | $280,400 | $991 | 69.4% |
| Douglas County | $310,300 | $1,055 | 72.7% |
| Wheeler County | $272,400 | $870 | 71.8% |
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).