Washington County, Oregon Housing Market
In Washington County, Oregon, the median home value is $588,000, with a median monthly rent of $1,849. This places Washington County at #89 nationally out of 3134 counties by median home value, and #4 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: $1,746
- Establishments: 21,352
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,646
- Multi-family: 240
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 253,917 (avg $113,723)
- Outflow: 248,322 (avg $115,925)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Washington County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 97119 | 276.7 | -8.25% | 2025 |
| 2 | 97078 | 305.7 | -4.53% | 2025 |
| 3 | 97106 | 247.9 | +6.00% | 2025 |
| 4 | 97113 | 316.0 | -1.05% | 2025 |
| 5 | 97003 | 309.0 | -3.80% | 2025 |
| 6 | 97116 | 297.6 | -1.08% | 2025 |
| 7 | 97005 | 322.8 | +0.20% | 2025 |
| 8 | 97224 | 273.5 | -1.50% | 2025 |
| 9 | 97123 | 307.2 | +0.71% | 2025 |
| 10 | 97006 | 308.8 | -0.46% | 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 Washington County Compares
| Metric | Washington County | Oregon Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $588,000 | $386,691 | $227,706 |
| Median Gross Rent | $1,849 | $1,190 | $968 |
| Owner Occupancy Rate | 60.8% | 68.4% | 73.3% |
| Price/Rent Ratio | 26.5 | 26.8 | 18.7 |
Market Analysis
The median home value in Washington County is 52.1% above the Oregon state average and 158.2% above the U.S. national average. The median rent of $1,849/month is 55.4% above the state average.
With a price-to-rent ratio of 26.5, Washington 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.
Washington County has an owner-occupancy rate of 60.8%, 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 |
|---|---|---|---|
| Whatcom County | Washington | $585,800 | $1,555 |
| La Plata County | Colorado | $591,500 | $1,504 |
| Island County | Washington | $593,300 | $1,662 |
| Morris County | New Jersey | $582,500 | $1,904 |
| Rockland County | New York | $596,900 | $1,901 |
Other Counties in Oregon
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clackamas County | $611,000 | $1,758 | 70.7% |
| Multnomah County | $552,700 | $1,646 | 53.4% |
| Deschutes County | $650,900 | $1,787 | 70.0% |
| Hood River County | $660,000 | $1,417 | 69.4% |
| Benton County | $513,000 | $1,410 | 56.9% |
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).