Eugene, OR—97401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eugene, OR
As of Oct '25, the median home price in Eugene, OR is $509,000, with a year-over-year change of 0.2%. This indicates that home prices in Eugene, OR are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $509,000 | 0.2% |
| Single Family | $521,000 | 0.2% |
| Condos | $329,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | -2.0% |
2 Bed | $390,000 | -2.5% |
3 Bed | $503,000 | 0.2% |
4 Bed | $611,000 | -0.7% |
| 5 Bed | $676,000 | -0.6% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $1,570, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Eugene, OR is studios: $1,230, 1-bedrooms: $1,270, 2-bedrooms: $1,560, 3-bedrooms: $2,260, 4-bedrooms: $2,120. The most common rental property sizes in Eugene, OR are 2-bedroom and 1-bedroom, accounting for 35.6% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,570 |
| Studio Rent | $1,100 | $1,230 |
| 1 Bed Rent | $1,250 | $1,270 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $2,400 | $2,260 |
| 4 Bed Rent | $2,320 | $2,120 |
% of Rental Stock
Property Listings — Eugene, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Eugene, OR is 49. This is a increase of 7.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $544,000 | -9.0% |
Listing Count | 114 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 49 | 7.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 48,200, which has increased by 7.7% over the past 5 years. Eugene, OR is a less popular place for families, as children make up 10.9% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,200 | 7.7% |
% Under 18 | 10.9% | -12.1% |
% Seniors | 17.9% | 17.8% |
% WFH | 14.6% | 180.8% |
% w/ College Degree | 46.9% | 4.0% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 75.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Eugene, OR is hispanic, making up 9.9% of the population. Foreign-born residents account for 6.5% of the population in Eugene, OR, and this percentage has decreased by 34.3% 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 | 75.0% | -2.5% |
% Black | 1.6% | -15.8% |
% Hispanic | 9.9% | 70.7% |
% Asian | 5.5% | -32.9% |
% Foreign Born | 6.5% | -34.3% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 418 mortgage originations in Eugene, OR, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Eugene, 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 | 418 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Eugene, OR
As of 2024, the percent of homes in Eugene, OR under the Section 8 program is 7.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Eugene, OR, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,440 |
Total Units Section 8 | 1,223 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 96.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,250 | $1,170 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | -$260 | $2,400 | $2,140 |
| 4 Bedroom | $250 | $2,320 | $2,570 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.6 |
| Median Home Price | $509,000 |
| Median Household Income | $51,200 |