Philomath, OR—97370
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Philomath, OR
As of Oct '25, the median home price in Philomath, OR is $521,000, with a year-over-year change of -0.2%. This indicates that home prices in Philomath, OR are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $521,000 | -0.2% |
| Single Family | $525,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $375,000 | -2.3% |
3 Bed | $496,000 | 0.2% |
4 Bed | $598,000 | 0.2% |
| 5 Bed | $682,000 | 0.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Philomath, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Philomath, OR is 61. This is a increase of 31.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $539,000 | -10.0% |
Listing Count | 35 | -8.0% |
| Listings as % of Homes | 0.4% | -8.0% |
Days on Market | 61 | 31.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Philomath, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $521,000 |
| Median Household Income | $87,200 |