States › Oregon
State
Oregon
34 counties with an index · 20 metro and micro areas · 291 ZIP codes · 105 permit-issuing places · 4,273,586 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Oregon's FHFA house price index starts in 1975. Through 2025 it has risen +1288.6%; over the ten years to 2025 the rise was +85.5% (+6.4% a year), close to the national +85.0%.
The quarterly index through 2026 Q2 is +1.7% on a year earlier and +0.9% on the quarter; nationally +3.0% and +1.1%.
The index peaked in 2007, fell −26.3% to 2012 and regained the peak in 2016; the national index fell −21.3% over 2007–2012.
15,315 housing units were authorised in Oregon in the 12 months to August 2026, 3.6 per 1,000 residents against 4.1 nationally; that is +11.9% on the previous 12 months. 34 counties, 20 metro and micro areas, 291 ZIP codes and 105 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Oregon | United States |
|---|---|---|
| 1 year (2024–2025) | +0.9% | +2.8% |
| 5 years (2020–2025) | +34.9% | +47.0% |
| 10 years (2015–2025) | +85.5% | +85.0% |
| 20 years (2005–2025) | +110.5% | +79.1% |
| Since 2000 | +199.8% | +158.3% |
| Since 1975 | +1288.6% | +960.7% |
| 10-year annualised | +6.4% | +6.3% |
| 20-year annualised | +3.8% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +26.1% | +68.2% | |
| 1990s (1990–2000) | +86.9% | +33.9% | |
| 2000s (2000–2010) | +40.4% | +29.7% | |
| 2010s (2010–2020) | +58.2% | +35.5% | |
| 2020s so far (2020–2025) | +34.9% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
| Peak | Low | Decline | Peak regained |
|---|---|---|---|
| 2007 | 2012 | −26.3% | 2016 |
| 1980 | 1981 | −6.8% | 1988 |
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Gilliam County | — | +191.6% | +277.0% | 0 | 0.0 | 2025 |
| Baker County | +8.5% | +155.2% | +270.1% | 41 | 2.5 | 2025 |
| Jefferson County | +4.6% | +148.8% | +217.2% | 137 | 5.3 | 2025 |
| Crook County | +3.3% | +145.4% | +283.8% | 255 | 9.3 | 2025 |
| Linn County | +2.2% | +123.9% | +207.8% | 255 | 1.9 | 2025 |
| Malheur County | −2.3% | +123.3% | +189.6% | 62 | 1.9 | 2025 |
| Deschutes County | +0.8% | +122.4% | +296.5% | 2,399 | 11.3 | 2025 |
| Marion County | +2.6% | +116.6% | +211.3% | 1,720 | 4.8 | 2025 |
| Clatsop County | +2.8% | +115.9% | +241.1% | 150 | 3.7 | 2025 |
| Morrow County | +2.8% | +115.3% | +206.6% | 61 | 4.8 | 2025 |
| Wallowa County | −5.0% | +114.2% | +231.5% | 25 | 3.3 | 2025 |
| Polk County | +2.8% | +113.0% | +199.9% | 117 | 1.3 | 2025 |
| Lincoln County | −0.4% | +112.9% | +223.7% | 253 | 5.0 | 2025 |
| Harney County | −3.9% | +112.6% | +172.2% | 15 | 2.0 | 2025 |
| Wasco County | +1.6% | +112.1% | +237.4% | 49 | 1.9 | 2025 |
| Klamath County | +1.4% | +107.8% | +191.2% | 122 | 1.7 | 2025 |
| Union County | +4.6% | +107.0% | +216.1% | 60 | 2.3 | 2025 |
| Coos County | 0.0% | +106.8% | +242.9% | 82 | 1.3 | 2025 |
| Hood River County | +1.9% | +105.6% | +296.0% | 41 | 1.7 | 2025 |
| Tillamook County | +0.5% | +105.3% | +206.2% | 79 | 2.9 | 2025 |
| Yamhill County | +3.1% | +105.0% | +210.7% | 301 | 2.7 | 2025 |
| Umatilla County | +5.3% | +102.4% | +188.0% | 176 | 2.2 | 2025 |
| Lane County | +1.2% | +100.8% | +206.6% | 1,374 | 3.6 | 2025 |
| Curry County | +0.4% | +98.8% | +211.7% | 49 | 2.2 | 2025 |
| Douglas County | +1.7% | +98.3% | +187.7% | 171 | 1.5 | 2025 |
| Columbia County | +0.2% | +97.8% | +176.7% | 63 | 1.2 | 2025 |
| Benton County | +0.6% | +91.3% | +214.6% | 593 | 6.1 | 2025 |
| Grant County | −9.3% | +89.9% | +231.4% | 10 | 1.4 | 2025 |
| Clackamas County | +1.6% | +86.8% | +199.2% | 1,102 | 2.6 | 2025 |
| Lake County | −2.0% | +85.8% | +191.5% | 13 | 1.6 | 2025 |
| Josephine County | +1.8% | +84.3% | +191.4% | 259 | 2.9 | 2025 |
| Washington County | −0.5% | +79.6% | +197.7% | 2,217 | 3.6 | 2025 |
| Jackson County | +1.1% | +79.2% | +171.2% | 950 | 4.3 | 2025 |
| Multnomah County | +0.3% | +60.7% | +200.7% | 1,973 | 2.5 | 2025 |
Metro and micropolitan areas
Areas with any county in Oregon; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Baker City, OR | Micro | +8.5% | +155.2% | — | 41 |
| Ontario, OR-ID | Micro | −1.1% | +150.7% | — | 314 |
| Albany, OR | Metro | +2.2% | +123.9% | −0.8% | 255 |
| Bend, OR | Metro | +1.1% | +123.6% | +0.7% | 2,791 |
| Astoria, OR | Micro | +2.8% | +115.9% | — | 150 |
| Salem, OR | Metro | +2.6% | +115.8% | −0.2% | 1,837 |
| Newport, OR | Micro | −0.4% | +112.9% | — | 253 |
| The Dalles, OR | Micro | +1.6% | +112.1% | — | 49 |
| Klamath Falls, OR | Micro | +1.4% | +107.8% | — | 122 |
| La Grande, OR | Micro | +4.6% | +107.0% | — | 60 |
| Coos Bay-North Bend, OR | Micro | 0.0% | +106.8% | — | 82 |
| Hood River, OR | Micro | +1.9% | +105.6% | — | 41 |
| Hermiston-Pendleton, OR | Micro | +5.1% | +103.2% | — | 237 |
| Eugene-Springfield, OR | Metro | +1.2% | +100.8% | +4.0% | 1,374 |
| Brookings, OR | Micro | +0.4% | +98.8% | — | 49 |
| Roseburg, OR | Micro | +1.7% | +98.3% | — | 171 |
| Corvallis, OR | Metro | +0.6% | +91.3% | +5.1% | 593 |
| Grants Pass, OR | Metro | +1.8% | +84.3% | −5.2% | 259 |
| Medford, OR | Metro | +1.1% | +79.2% | +3.9% | 950 |
| Portland-Vancouver-Hillsboro, OR-WA | Metro | +0.9% | +78.7% | +1.4% | 9,140 |
Building permits
Housing units authorised in Oregon by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Oregon by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 59% (63% nationally). Since 1995: 607,293 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Oregon index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +0.9% | +2.8% | 14,839 | 9,215 |
| 2024 | +2.2% | +4.9% | 14,621 | 9,810 |
| 2023 | +0.8% | +5.7% | 17,697 | 9,797 |
| 2022 | +14.1% | +15.5% | 20,321 | 10,312 |
| 2021 | +13.7% | +11.6% | 21,916 | 13,185 |
| 2020 | +3.5% | +3.0% | 18,665 | 11,492 |
| 2019 | +4.4% | +4.2% | 22,037 | 11,586 |
| 2018 | +6.2% | +5.7% | 20,132 | 11,217 |
| 2017 | +8.0% | +5.4% | 20,053 | 10,604 |
| 2016 | +11.0% | +5.3% | 19,586 | 11,006 |
| 2015 | +7.9% | +4.4% | 17,510 | 10,255 |
| 2014 | +9.6% | +6.2% | 16,645 | 8,573 |
| 2013 | +6.2% | +3.4% | 14,843 | 8,417 |
| 2012 | −1.6% | −1.8% | 10,608 | 6,342 |
| 2011 | −6.9% | −4.4% | 7,663 | 4,854 |
| 2010 | −8.2% | −5.1% | 6,868 | 5,259 |
| 2009 | −9.9% | −7.5% | 7,039 | 5,278 |
| 2008 | −2.8% | −4.5% | 11,676 | 7,466 |
| 2007 | +5.2% | +0.6% | 21,101 | 15,310 |
| 2006 | +16.5% | +6.6% | 26,623 | 19,859 |
| 2005 | +17.1% | +12.4% | 31,024 | 23,840 |
| 2004 | +9.1% | +9.2% | 27,309 | 20,728 |
| 2003 | +3.0% | +4.5% | 25,015 | 17,875 |
| 2002 | +3.6% | +5.4% | 22,186 | 17,413 |
| 2001 | +4.6% | +6.7% | 21,322 | 16,323 |
| 2000 | +3.9% | +8.3% | 19,877 | 15,619 |
| 1999 | +2.4% | +4.3% | 23,249 | 16,595 |
| 1998 | +3.5% | +3.7% | 25,854 | 16,936 |
| 1997 | +6.6% | +3.8% | 26,999 | 16,250 |
| 1996 | +6.4% | +3.2% | 27,814 | 17,232 |
| 1995 | +11.0% | +3.7% | 26,201 | 15,379 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Portland 1,634
- Bend 1,563
- Salem 1,064
- Beaverton 1,050
- Eugene 762
- Medford 596
- Corvallis 532
- Deschutes County Unincorporated Area 429
- Woodburn 419
- Springfield 350
- Washington County Unincorporated Area 322
- Oregon City 300
- Redmond 290
- Gresham 273
- Tigard 258
- Crook County 255
- Happy Valley 219
- Hillsboro 208
- Lane County Unincorporated Area 174
- Douglas County Unincorporated Area 169
- Grants Pass 168
- Clackamas County Unincorporated Area 154
- Milwaukie 142
- Jefferson County 137
- Balance of State 136
- Jackson County Unincorporated Area 123
- Klamath County 122
- Yamhill County Unincorporated Area 119
- Forest Grove 117
- Sisters 117
- Estacada 114
- Newport 112
- Lebanon 110
- Newberg 109
- Tualatin 103
- Phoenix 98
- Seaside 92
- Josephine County Unincorporated Area 91
- Marion County Unincorporated Area 83
- Umatilla 83
Questions and answers
How much have home values in Oregon risen over 10 years?
The FHFA index rose +85.5% between 2015 and 2025, +6.4% a year; over 20 years +110.5% and since 2000 +199.8%. Nationally: +85.0%, +79.1% and +158.3%.
Which Oregon counties rose most over 10 years?
Gilliam County (+191.6%), Baker County (+155.2%) and Jefferson County (+148.8%), by FHFA's annual county index to 2025.
What happened to Oregon home prices in 2008?
The state index peaked in 2007, fell −26.3% to 2012 and regained its peak in 2016.
How many homes are being built in Oregon?
15,315 units were authorised in the 12 months to August 2026: 9,083 single-family and 6,232 in multi-unit buildings, 3.6 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.