Philomath, OR 97370 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Philomath, OR—97370

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$520,000

0.4% YoY Growth

Household Income

$87,200

21.1% YoY Growth

Days on Market

0.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

$1,900

4.2% YoY Growth

1-Bed Rent

$1,200

N/A

2-Bed Rent

$1,700

37.0% YoY Growth

3-Bed Rent

$2,400

2.1% YoY Growth

Home Price Trends — Philomath, OR

As of Dec '25, the median home price in Philomath, OR is $520,000, with a year-over-year change of -0.4%. This indicates that home prices in Philomath, OR are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$520,000	-0.4%
Single Family	$523,000	-0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Philomath, OR

As of July '25, Rentcast reports the average rent in Philomath, OR is $2,040, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Philomath, OR is 1-bedrooms: $1,390, 2-bedrooms: $1,740, 3-bedrooms: $2,420. The most common rental property sizes in Philomath, OR are 2-bedroom and 3-bedroom, accounting for 59.3% and 18.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$2,040
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,390
2 Bed Rent	$1,700	$1,740
3 Bed Rent	$2,400	$2,420
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.2%

1 Bedroom

17.5%

2 Bedrooms

59.3%

3 Bedrooms

18.7%

4 Bedrooms

1.2%

5+ Bedrooms

1.0%

Property Listings — Philomath, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Philomath, OR is 65. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$542,000	-18.0%
Listing Count	26	22.0%
Listings as % of Homes	0.4%	22.0%
Days on Market	94	0.0%

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Demographics — Philomath, OR

As of the latest ACS Survey released in 2023, Philomath, OR has a population of 9,440, which has increased by 10.8% over the past 5 years. Philomath, OR is a moderately popular place for families, as children make up 15.5% of the population. The area has a highly educated workforce, with 47.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,440	10.8%
% Under 18	15.5%	-31.7%
% Seniors	21.2%	30.9%
% WFH	15.7%	78.4%
% w/ College Degree	47.2%	13.2%

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As of the latest ACS Survey released in 2023, Philomath, OR is a predominantly white area, with 84.6% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Philomath, OR is hispanic, making up 5.8% of the population. Foreign-born residents account for 3.9% of the population in Philomath, OR, and this percentage has decreased by 11.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	84.6%	0.5%
% Black	0.0%	-100.0%
% Hispanic	5.8%	-29.3%
% Asian	1.6%	-5.9%
% Foreign Born	3.9%	-11.4%

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Mortgage and Risk — Philomath, OR

According to HUD data as of 2023, there were 86 mortgage originations in Philomath, OR, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Philomath, OR. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	86
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Philomath, OR

Philomath, OR lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	75
Total Units Section 8	75
% Rentals under Section 8	8.2%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$10	$1,200	$1,210
2 Bedroom	-$150	$1,700	$1,550
3 Bedroom	-$230	$2,400	$2,170
4 Bedroom	N/A	N/A	$2,350

Philomath, OR—97370

Key Metrics at a Glance

Home Price Trends — Philomath, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Philomath, OR

% of Rental Stock

Property Listings — Philomath, OR

Demographics — Philomath, OR

Race and Ethnicity

Mortgage and Risk — Philomath, OR

Mortgages

Rentals and Section 8 — Philomath, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Philomath, OR

Home Price to Income Ratio

Philomath, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Blodgett, OR

Corvallis, OR

Corvallis, OR

Corvallis, OR

Monmouth, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$520,000
Median Household Income	$87,200

Philomath, OR—97370

Key Metrics at a Glance

Home Price Trends — Philomath, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Philomath, OR

% of Rental Stock

Property Listings — Philomath, OR

Demographics — Philomath, OR

Race and Ethnicity

Mortgage and Risk — Philomath, OR

Mortgages

Rentals and Section 8 — Philomath, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Philomath, OR

Home Price to Income Ratio

Philomath, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Blodgett, OR

Corvallis, OR

Corvallis, OR

Corvallis, OR

Monmouth, OR

Frequently Asked Questions

What is the average home price in Philomath, OR 97370?

How have home prices in Philomath, OR 97370 changed over the past year?

What is the home price projection for Philomath, OR 97370?

What are the demographics of Philomath, OR 97370?

How long does it take homes to sell in Philomath, OR 97370?

What is the average rent price in Philomath, OR 97370?