Eugene, OR—97402
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 $395,000, with a year-over-year change of -0.1%. This indicates that home prices in Eugene, OR are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $395,000 | -0.1% |
| Single Family | $397,000 | -0.3% |
| Condos | $213,000 | -1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $284,000 | -2.4% |
2 Bed | $329,000 | -0.6% |
3 Bed | $395,000 | 0.0% |
4 Bed | $458,000 | -0.2% |
| 5 Bed | $498,000 | -0.2% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $1,560, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Eugene, OR is studios: $1,200, 1-bedrooms: $1,200, 2-bedrooms: $1,480, 3-bedrooms: $1,970, 4-bedrooms: $2,490. The most common rental property sizes in Eugene, OR are 2-bedroom and 3-bedroom, accounting for 38.3% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,560 |
| Studio Rent | $1,040 | $1,200 |
| 1 Bed Rent | $1,150 | $1,200 |
| 2 Bed Rent | $1,400 | $1,480 |
| 3 Bed Rent | $1,900 | $1,970 |
| 4 Bed Rent | $2,200 | $2,490 |
% 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 64. This is a increase of 8.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $404,000 | -6.0% |
Listing Count | 153 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 64 | 8.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 54,200, which has increased by 5.3% over the past 5 years. Eugene, OR is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,200 | 5.3% |
% Under 18 | 20.4% | -2.4% |
% Seniors | 15.3% | 7.0% |
% WFH | 12.5% | 150.0% |
% w/ College Degree | 25.7% | 9.4% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Eugene, OR is hispanic, making up 16.6% of the population. Foreign-born residents account for 6.7% of the population in Eugene, OR, and this percentage has decreased by 8.2% 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 | 71.8% | -2.4% |
% Black | 2.2% | 0.0% |
% Hispanic | 16.6% | 0.6% |
% Asian | 2.3% | 64.3% |
% Foreign Born | 6.7% | -8.2% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 850 mortgage originations in Eugene, OR, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Eugene, OR. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 850 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Eugene, OR
As of 2024, the percent of homes in Eugene, OR under the Section 8 program is 9.6%. 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 3-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 units do not.
Section 8 Market Size
Total Units under HUD | 1,073 |
Total Units Section 8 | 1,048 |
% Rentals under Section 8 | 9.6% |
% Occupied Section 8 | 97.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,150 | $1,120 |
| 2 Bedroom | $70 | $1,400 | $1,470 |
| 3 Bedroom | $160 | $1,900 | $2,060 |
| 4 Bedroom | $270 | $2,200 | $2,470 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $395,000 |
| Median Household Income | $55,700 |