Eugene, OR—97408
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 $608,000, 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 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $608,000 | 0.4% |
| Single Family | $609,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $450,000 | -0.9% |
3 Bed | $566,000 | 0.2% |
4 Bed | $754,000 | 1.1% |
| 5 Bed | $919,000 | 1.3% |
% of Housing Stock
Rental Trends — Eugene, OR
As of July '25, Rentcast reports the average rent in Eugene, OR is $1,990, with a year-over-year rent change of -9.1%. Per bedroom, the median rent as of July '25 in Eugene, OR is studios: $1,580, 1-bedrooms: $1,500, 2-bedrooms: $1,850, 3-bedrooms: $2,310, 4-bedrooms: $2,800. The most common rental property sizes in Eugene, OR are 2-bedroom and 3-bedroom, accounting for 44.3% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,990 |
| Studio Rent | $1,500 | $1,580 |
| 1 Bed Rent | $1,540 | $1,500 |
| 2 Bed Rent | $1,850 | $1,850 |
| 3 Bed Rent | $2,200 | $2,310 |
| 4 Bed Rent | $2,700 | $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 63. This is a increase of 10.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $718,000 | -9.0% |
Listing Count | 45 | -20.0% |
| Listings as % of Homes | 0.5% | -20.0% |
Days on Market | 63 | 10.0% |
Demographics — Eugene, OR
As of the latest ACS Survey released in 2023, Eugene, OR has a population of 15,300, which has increased by 17.0% over the past 5 years. Eugene, OR is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 49.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,300 | 17.0% |
% Under 18 | 19.5% | -7.6% |
% Seniors | 23.4% | -0.8% |
% WFH | 18.3% | 94.7% |
% w/ College Degree | 49.2% | 27.1% |
As of the latest ACS Survey released in 2023, Eugene, OR is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 11.8% 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 6.8% of the population in Eugene, OR, and this percentage has increased by 21.4% 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 | 77.3% | -11.8% |
% Black | 2.8% | 460.0% |
% Hispanic | 8.7% | 64.2% |
% Asian | 4.5% | -10.0% |
% Foreign Born | 6.8% | 21.4% |
Mortgage and Risk — Eugene, OR
According to HUD data as of 2023, there were 269 mortgage originations in Eugene, OR, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Eugene, OR. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 269 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Eugene, OR
As of 2024, the percent of homes in Eugene, OR under the Section 8 program is 2.1%. 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 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 | 82 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$110 | $1,540 | $1,430 |
| 2 Bedroom | $20 | $1,850 | $1,870 |
| 3 Bedroom | $420 | $2,200 | $2,620 |
| 4 Bedroom | $440 | $2,700 | $3,140 |
Affordability — Eugene, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $608,000 |
| Median Household Income | $102,000 |