Eugene, OR—97404
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 $434,000, with a year-over-year change of -0.3%. 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 | $434,000 | -0.3% |
| Single Family | $434,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $306,000 | 0.3% |
2 Bed | $357,000 | -0.6% |
3 Bed | $429,000 | -0.5% |
4 Bed | $499,000 | -0.2% |
| 5 Bed | $528,000 | -0.4% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $2,000, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Eugene, OR is 1-bedrooms: $1,310, 2-bedrooms: $1,650, 3-bedrooms: $2,320, 4-bedrooms: $2,360. The most common rental property sizes in Eugene, OR are 2-bedroom and 3-bedroom, accounting for 41.6% and 37.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,280 | $1,310 |
| 2 Bed Rent | $1,640 | $1,650 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $2,300 | $2,360 |
% 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 60. This is a increase of 27.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $502,000 | 7.0% |
Listing Count | 96 | 15.0% |
| Listings as % of Homes | 0.4% | 15.0% |
Days on Market | 60 | 27.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 33,400, which has decreased by -3.0% over the past 5 years. Eugene, OR is a moderately popular place for families, as children make up 19.4% of the population. The area has a moderately educated workforce, with 32.6% 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 | 33,400 | -3.0% |
% Under 18 | 19.4% | -12.2% |
% Seniors | 20.6% | 14.4% |
% WFH | 15.7% | 141.5% |
% w/ College Degree | 32.6% | 14.4% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 80.1% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Eugene, OR is hispanic, making up 9.7% of the population. Foreign-born residents account for 5.4% of the population in Eugene, OR, and this percentage has increased by 10.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.1% | -4.1% |
% Black | 1.3% | 85.7% |
% Hispanic | 9.7% | 14.1% |
% Asian | 2.2% | 29.4% |
% Foreign Born | 5.4% | 10.2% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 717 mortgage originations in Eugene, OR, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 21.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 717 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% 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 5.7%. 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. 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 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 221 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,280 | $1,110 |
| 2 Bedroom | -$180 | $1,640 | $1,460 |
| 3 Bedroom | -$250 | $2,300 | $2,050 |
| 4 Bedroom | $150 | $2,300 | $2,450 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $434,000 |
| Median Household Income | $80,400 |