Eugene, OR—97403
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 $598,000, with a year-over-year change of 0.4%. This indicates that home prices in Eugene, OR are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $598,000 | 0.4% |
| Single Family | $598,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $419,000 | -0.5% |
3 Bed | $585,000 | -0.3% |
4 Bed | $689,000 | -0.3% |
| 5 Bed | $749,000 | -0.9% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $1,660, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Eugene, OR is studios: $1,120, 1-bedrooms: $1,150, 2-bedrooms: $1,630, 3-bedrooms: $2,010, 4-bedrooms: $2,800. The most common rental property sizes in Eugene, OR are 2-bedroom and 4-bedroom, accounting for 31.0% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,660 |
| Studio Rent | $1,120 | $1,120 |
| 1 Bed Rent | $1,250 | $1,150 |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $1,800 | $2,010 |
| 4 Bed Rent | $3,000 | $2,800 |
% 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 decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $698,000 | -6.0% |
Listing Count | 47 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 64 | -11.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 14,500, which has increased by 11.4% over the past 5 years. Eugene, OR is a less popular place for families, as children make up 10.6% of the population. The area has a highly educated workforce, with 60.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 11.4% |
% Under 18 | 10.6% | 20.5% |
% Seniors | 10.7% | 23.0% |
% WFH | 19.0% | 143.6% |
% w/ College Degree | 60.4% | 0.0% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 74.2% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Eugene, OR is hispanic, making up 8.7% of the population. Foreign-born residents account for 7.4% of the population in Eugene, OR, and this percentage has decreased by 8.6% 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 | 74.2% | -5.7% |
% Black | 2.4% | 20.0% |
% Hispanic | 8.7% | 29.9% |
% Asian | 5.6% | -15.2% |
% Foreign Born | 7.4% | -8.6% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 137 mortgage originations in Eugene, OR, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Eugene, OR. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 137 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Eugene, OR
As of 2024, the percent of homes in Eugene, OR under the Section 8 program is 1.1%. 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 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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,250 | $1,250 |
| 2 Bedroom | $40 | $1,600 | $1,640 |
| 3 Bedroom | $500 | $1,800 | $2,300 |
| 4 Bedroom | -$250 | $3,000 | $2,750 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.3 |
| Median Home Price | $598,000 |
| Median Household Income | $47,100 |