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Home appreciation in Oregon
Oregon's FHFA HPI® all-transactions index changed +1.6% over the year to Q2 2026, versus +3.0% nationally, ranking 44th of 51 states and D.C. Below, compare its 10 3-digit ZIP regions and 8 metro areas.
- 1-year change
- +1.6%
- 5-year change
- +23.8%
- Since Q1 1995
- +348%
- State rank (1 year)
- 44th
U.S. +3.0%
49th of 51
U.S. +292%
of 51 states and D.C.
Oregon vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Oregon: 447.6
- United States: 391.6
Oregon appreciation by time window
| Window | OR | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +1.6% | +3.0% | −1.4 pts |
| 3 years | +6.0% | +12.9% | −6.9 pts |
| 5 years | +23.8% | +41.3% | −17.4 pts |
| 10 years | +80.0% | +93.3% | −13.3 pts |
| Since Q1 1995 | +348% | +292% | +56.0 pts |
3-digit ZIP regions in Oregon
Fastest-appreciating ZIP codes in Oregon →Sorted by one-year change. 2 of 10 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 974 · Eugene, OR area | +3.6% | +28.9% | +98.5% | +316% |
| 2 | 978 · Hermiston, OR area | +3.1% | +43.1% | +111% | +321% |
| 3 | 976 · Klamath Falls, OR area | +3.0% | +35.6% | +105% | +328% |
| 4 | 979 · Ontario, OR area | +3.0% | +35.6% | +105% | +328% |
| 5 | 971 · Hillsboro, OR area | +1.9% | +28.3% | +90.3% | +348% |
| 6 | 975 · Medford, OR area | +1.5% | +20.4% | +78.7% | +302% |
| 7 | 970 · Beaverton, OR area | +1.2% | +23.5% | +78.4% | +325% |
| 8 | 972 · Portland, OR area | +1.2% | +15.2% | +53.9% | +401% |
| 9 | 977 · Bend, OR area | +0.7% | +29.7% | +112% | +457% |
| 10 | 973 · Salem, OR area | +0.5% | +29.7% | +108% | +322% |
Metro areas in Oregon
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Corvallis, OR | +5.1% | +36.1% | +307% |
| Eugene-Springfield, OR | +4.0% | +28.6% | +321% |
| Medford, OR | +3.9% | +22.0% | +308% |
| Portland-Vancouver-Hillsboro, OR-WA | +1.4% | +21.2% | +356% |
| Bend, OR | +0.7% | +29.2% | +458% |
| Salem, OR | -0.2% | +27.7% | +328% |
| Albany, OR | -0.8% | +29.1% | +320% |
| Grants Pass, OR | -5.2% | +15.3% | +282% |
Boom, bust, and recovery in Oregon
Oregon's index peaked in Q2 2007, fell 26.0% to its low in Q2 2012, and regained its peak in Q1 2016, about 8.8 years after the top. Today it sits +87.0% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Oregon's index has changed +102% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | OR after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | -2.1% | -0.8% |
| 3 years | +9.8% | -3.5% | +2.8% |
| 5 years | +24.0% | -0.1% | +13.9% |
| 10 years | +39.1% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +102% | +76.8% |
If you bought in Oregon in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +337% | $1,310,623 |
| Q2 2000 | +243% | $1,029,280 |
| Q2 2005 | +138% | $712,556 |
| Q2 2010 | +129% | $688,082 |
| Q2 2015 | +99.7% | $599,104 |
| Q2 2020 | +42.6% | $427,800 |
| Q2 2021 | +23.8% | $371,531 |
| Q2 2023 | +6.0% | $317,957 |
| Q2 2025 | +1.7% | $304,952 |
Frequently asked questions
- How much have home prices gone up in Oregon?
- FHFA HPI® data for Oregon shows the all-transactions index changed +1.6% over the year to Q2 2026, +23.8% over five years, +80.0% over ten years, and +348% since Q1 1995.
- Is Oregon appreciating faster than the national average?
- Over the past year Oregon's index moved −1.4 pts versus the U.S. (+3.0%), ranking 44th of 51 states and D.C. Over five years the gap is −17.4 pts.
- Which ZIP codes in Oregon are appreciating fastest?
- Over the past year the strongest of 10 3-digit ZIP regions in Oregon was ZIP3 974 (Eugene, OR area) at +3.6%, and the weakest was ZIP3 973 (Salem, OR area) at +0.5%. 2 of 10 beat the national one-year change.