Home Values in Eugene, Oregon — 2026 Market Report
Updated March 2026 | Balanced Market | +4.9% YoY
The median home value in Eugene, Oregon is $425,000 as of March 2026, which is above the national median of $400,000. Home values in Eugene have increased by 4.9% over the past year and 27% over the last five years. With a population of 176,654 and a median household income of $49,250, the price-to-income ratio stands at 8.6x, making Eugene affordable for the average household.
Eugene Housing Market Conditions
| Metric | Eugene | National Avg |
|---|---|---|
| Median Home Value | $425,000 | $400,000 |
| YoY Appreciation | +4.9% | +3.8% |
| 5-Year Appreciation | +27% | +22.4% |
| Price per Sq Ft | $216 | $222 |
| Days on Market | 49 days | 45 days |
| Months of Supply | 3.9 | 3.5 |
| List-to-Sale Ratio | 97.1% | 98.5% |
| Monthly Homes Sold | 112 | — |
| Foreclosure Rate | 0.53% | 0.3% |
Home Value Trends in Eugene
A homeowner who purchased at the median price of $334,646 five years ago in Eugene would have gained approximately $90,354 in equity, representing a 27% return on investment. Over the past year alone, the typical homeowner gained $19,852 in home equity.
Affordability in Eugene, OR
With a median household income of $49,250 and a median home price of $425,000, the price-to-income ratio in Eugene is 8.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,337 compared to estimated monthly ownership costs of $2,363 gives a rent-vs-buy ratio of 0.71. In Eugene, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Eugene
The effective property tax rate in Oregon is 0.97%. On a home valued at $425,000, the estimated annual property tax bill is $4,123, or approximately $344/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Eugene is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Eugene, OR?
The median home value in Eugene, Oregon is $425,000 as of March 2026. Home values have changed +4.9% over the past year, with a 5-year appreciation of 27%.
Is Eugene a buyer's or seller's market?
Eugene is currently a balanced market with 3.9 months of housing supply. Homes spend an average of 49 days on market, and the list-to-sale price ratio is 97.1%. Supply and demand are relatively balanced.
Are home values going up in Eugene?
Yes, home values in Eugene have increased by 4.9% over the past year. The 5-year appreciation rate is 27%, meaning a home worth $334,646 five years ago is now worth $425,000.
Is it better to rent or buy in Eugene?
The average monthly rent in Eugene is $3,337, while estimated monthly homeownership costs are approximately $2,363. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Oregon Cities
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Disclaimer: Home value data for Eugene, Oregon is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.