Wallowa County, Oregon Housing Market
In Wallowa County, Oregon, the median home value is $394,800, with a median monthly rent of $981. This places Wallowa County at #297 nationally out of 3134 counties by median home value, and #18 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: $962
- Establishments: 401
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,281 (avg $70,594)
- Outflow: 2,991 (avg $70,060)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Wallowa County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97846 | 336.5 | -4.87% | 2025 |
| 2 | 97828 | 331.8 | -7.19% | 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 Wallowa County Compares
| Metric | Wallowa County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $394,800 | $386,691 | $227,706 |
| Median Gross Rent | $981 | $1,190 | $968 |
| Owner Occupancy Rate | 72.5% | 68.4% | 73.3% |
| Price/Rent Ratio | 33.5 | 26.8 | 18.7 |
Market Analysis
The median home value in Wallowa County is 2.1% above the Oregon state average and 73.4% above the U.S. national average. The median rent of $981/month is 17.6% below the state average.
With a price-to-rent ratio of 33.5, Wallowa 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.
Wallowa County has an owner-occupancy rate of 72.5%, 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 |
|---|---|---|---|
| Greene County | Georgia | $394,800 | $924 |
| Dane County | Wisconsin | $394,800 | $1,398 |
| Sheridan County | Wyoming | $394,900 | $939 |
| Grand Isle County | Vermont | $394,100 | $1,425 |
| York County | Maine | $395,700 | $1,339 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Josephine County | $404,300 | $1,194 | 71.7% |
| Curry County | $381,300 | $1,241 | 74.2% |
| Lincoln County | $410,800 | $1,201 | 71.5% |
| Linn County | $376,400 | $1,320 | 66.9% |
| Jefferson County | $374,200 | $941 | 72.0% |
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).