Prineville, OR—97754
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prineville, OR
As of Oct '25, the median home price in Prineville, OR is $426,000, with a year-over-year change of -0.2%. This indicates that home prices in Prineville, OR are flat. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $426,000 | -0.2% |
| Single Family | $427,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $289,000 | 1.4% |
2 Bed | $339,000 | 0.3% |
3 Bed | $431,000 | -0.5% |
4 Bed | $500,000 | -0.6% |
| 5 Bed | $545,000 | -1.1% |
% of Housing Stock
Rental Trends — Prineville, OR
As of July '25, Rentcast reports the average rent in Prineville, OR is $1,750, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Prineville, OR is 1-bedrooms: $1,110, 2-bedrooms: $1,520, 3-bedrooms: $1,990, 4-bedrooms: $2,360. The most common rental property sizes in Prineville, OR are 2-bedroom and 3-bedroom, accounting for 48.4% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,020 | $1,110 |
| 2 Bed Rent | $1,500 | $1,520 |
| 3 Bed Rent | $2,000 | $1,990 |
| 4 Bed Rent | $2,300 | $2,360 |
% of Rental Stock
Property Listings — Prineville, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Prineville, OR is 104. This is a increase of 29.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $542,000 | 6.0% |
Listing Count | 209 | 33.0% |
| Listings as % of Homes | 1.4% | 33.0% |
Days on Market | 104 | 29.0% |
Demographics — Prineville, OR
As of the latest ACS Survey released in 2023, Prineville, OR has a population of 22,500, which has increased by 13.5% over the past 5 years. Prineville, OR is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | 13.5% |
% Under 18 | 20.9% | 0.0% |
% Seniors | 22.5% | -5.5% |
% WFH | 10.0% | 88.7% |
% w/ College Degree | 21.2% | 45.2% |
As of the latest ACS Survey released in 2023, Prineville, OR is a predominantly white area, with 85.9% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Prineville, OR is hispanic, making up 8.5% of the population. Foreign-born residents account for 3.9% of the population in Prineville, OR, and this percentage has increased by 30.0% 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 | 85.9% | -1.4% |
% Black | 0.1% | -75.0% |
% Hispanic | 8.5% | 1.2% |
% Asian | 0.3% | -25.0% |
% Foreign Born | 3.9% | 30.0% |
Mortgage and Risk — Prineville, OR
According to HUD data as of 2023, there were 559 mortgage originations in Prineville, OR, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Prineville, OR. Investor activity is low, as 1.0% 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 | 559 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Prineville, OR
Prineville, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 130 |
Total Units Section 8 | 130 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,020 | $990 |
| 2 Bedroom | -$250 | $1,500 | $1,250 |
| 3 Bedroom | -$250 | $2,000 | $1,750 |
| 4 Bedroom | -$200 | $2,300 | $2,100 |
Affordability — Prineville, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $426,000 |
| Median Household Income | $76,700 |