Eugene, OR—97405
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 $521,000, 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 0.1%, 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 | 0.3% |
| Single Family | $526,000 | 0.2% |
| Condos | $263,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $338,000 | -0.6% |
2 Bed | $388,000 | 0.3% |
3 Bed | $507,000 | 0.4% |
4 Bed | $613,000 | 0.2% |
| 5 Bed | $708,000 | 0.0% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $2,050, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Eugene, OR is studios: $1,330, 1-bedrooms: $1,240, 2-bedrooms: $1,660, 3-bedrooms: $2,300, 4-bedrooms: $2,950. The most common rental property sizes in Eugene, OR are 2-bedroom and 3-bedroom, accounting for 39.7% and 23.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,050 |
| Studio Rent | $1,200 | $1,330 |
| 1 Bed Rent | $1,050 | $1,240 |
| 2 Bed Rent | $1,520 | $1,660 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,900 | $2,950 |
% 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 57. This is a increase of 11.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $578,000 | -7.0% |
Listing Count | 197 | 1.0% |
| Listings as % of Homes | 0.4% | 1.0% |
Days on Market | 57 | 11.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 46,900, which has increased by 1.3% over the past 5 years. Eugene, OR is a moderately popular place for families, as children make up 16.9% of the population. The area has a highly educated workforce, with 57.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | 1.3% |
% Under 18 | 16.9% | -7.1% |
% Seniors | 23.6% | 21.0% |
% WFH | 19.5% | 129.4% |
% w/ College Degree | 57.4% | 7.1% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Eugene, OR is hispanic, making up 7.5% of the population. Foreign-born residents account for 6.5% of the population in Eugene, OR, and this percentage has decreased by 9.7% 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 | 81.6% | -3.1% |
% Black | 0.7% | -22.2% |
% Hispanic | 7.5% | 8.7% |
% Asian | 2.9% | -9.4% |
% Foreign Born | 6.5% | -9.7% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 658 mortgage originations in Eugene, OR, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Eugene, OR. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 658 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Eugene, OR
As of 2024, the percent of homes in Eugene, OR under the Section 8 program is 3.2%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Eugene, OR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 191 |
Total Units Section 8 | 175 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,050 | $1,180 |
| 2 Bedroom | $30 | $1,520 | $1,550 |
| 3 Bedroom | -$130 | $2,300 | $2,170 |
| 4 Bedroom | -$300 | $2,900 | $2,600 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $521,000 |
| Median Household Income | $93,100 |