Prineville, OR 97754 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prineville, OR—97754

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$424,000

0.1% YoY Growth

Household Income

$76,700

85.9% YoY Growth

Days on Market

112

38.0% Longer YoY

Home Price Forecast

1.5%

Median Rent

$1,700

6.7% YoY Growth

1-Bed Rent

$1,020

7.8% YoY Growth

2-Bed Rent

$1,500

0.0% YoY Growth

3-Bed Rent

$2,000

3.1% YoY Growth

Home Price Trends — Prineville, OR

As of Dec '25, the median home price in Prineville, OR is $424,000, with a year-over-year change of -0.1%. This indicates that home prices in Prineville, OR are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$424,000	-0.1%
Single Family	$424,000	0.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

3.4%

1 Bedroom

12.2%

2 Bedrooms

48.4%

3 Bedrooms

31.9%

4 Bedrooms

4.1%

Property Listings — Prineville, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Prineville, OR is 111. This is a increase of 42.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$518,000	6.0%
Listing Count	153	16.0%
Listings as % of Homes	1.4%	16.0%
Days on Market	112	38.0%

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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%

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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%

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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%

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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

Prineville, OR—97754

Key Metrics at a Glance

Home Price Trends — Prineville, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prineville, OR

% of Rental Stock

Property Listings — Prineville, OR

Demographics — Prineville, OR

Race and Ethnicity

Mortgage and Risk — Prineville, OR

Mortgages

Rentals and Section 8 — Prineville, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Prineville, OR

Home Price to Income Ratio

Prineville, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Powell Butte, OR

Bend, OR

Redmond, OR

Bend, OR

Terrebonne, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.3
Median Home Price	$424,000
Median Household Income	$76,700

Prineville, OR—97754

Key Metrics at a Glance

Home Price Trends — Prineville, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prineville, OR

% of Rental Stock

Property Listings — Prineville, OR

Demographics — Prineville, OR

Race and Ethnicity

Mortgage and Risk — Prineville, OR

Mortgages

Rentals and Section 8 — Prineville, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Prineville, OR

Home Price to Income Ratio

Prineville, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Powell Butte, OR

Bend, OR

Redmond, OR

Bend, OR

Terrebonne, OR

Frequently Asked Questions

What is the average home price in Prineville, OR 97754?

How have home prices in Prineville, OR 97754 changed over the past year?

What is the home price projection for Prineville, OR 97754?

What are the demographics of Prineville, OR 97754?

How long does it take homes to sell in Prineville, OR 97754?

What is the average rent price in Prineville, OR 97754?