Pendleton, OR—97801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pendleton, OR
As of Oct '25, the median home price in Pendleton, OR is $290,000, with a year-over-year change of 3.0%. This indicates that home prices in Pendleton, OR are increasing. 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 | $290,000 | 3.0% |
| Single Family | $290,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $174,000 | 3.0% |
2 Bed | $220,000 | 1.9% |
3 Bed | $299,000 | 3.1% |
4 Bed | $367,000 | 1.9% |
| 5 Bed | $414,000 | 2.2% |
% of Housing Stock
Rental Trends — Pendleton, OR
As of July '25, Rentcast reports the average rent in Pendleton, OR is $1,200, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Pendleton, OR is studios: $944, 1-bedrooms: $881, 2-bedrooms: $1,120, 3-bedrooms: $1,560, 4-bedrooms: $1,900. The most common rental property sizes in Pendleton, OR are 2-bedroom and 1-bedroom, accounting for 41.8% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,200 |
| Studio Rent | $825 | $944 |
| 1 Bed Rent | $895 | $881 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,600 | $1,560 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Pendleton, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Pendleton, OR is 90. This is a increase of 19.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -11.0% |
Listing Count | 55 | -9.0% |
| Listings as % of Homes | 0.5% | -9.0% |
Days on Market | 90 | 19.0% |
Demographics — Pendleton, OR
As of the latest ACS Survey released in 2023, Pendleton, OR has a population of 21,900, which has increased by 4.7% over the past 5 years. Pendleton, OR is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 25.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 4.7% |
% Under 18 | 22.7% | 4.6% |
% Seniors | 18.5% | 16.4% |
% WFH | 7.6% | 85.4% |
% w/ College Degree | 25.8% | 50.0% |
As of the latest ACS Survey released in 2023, Pendleton, OR is a predominantly white area, with 74.9% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Pendleton, OR is hispanic, making up 9.8% of the population. Foreign-born residents account for 2.4% of the population in Pendleton, OR, and this percentage has decreased by 36.8% 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 | 74.9% | 0.4% |
% Black | 0.9% | -52.6% |
% Hispanic | 9.8% | 0.0% |
% Asian | 0.2% | -88.9% |
% Foreign Born | 2.4% | -36.8% |
Mortgage and Risk — Pendleton, OR
According to HUD data as of 2023, there were 294 mortgage originations in Pendleton, OR, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Pendleton, OR. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 294 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Pendleton, OR
Pendleton, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 285 |
Total Units Section 8 | 265 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $895 | $850 |
| 2 Bedroom | $20 | $1,100 | $1,120 |
| 3 Bedroom | -$30 | $1,600 | $1,570 |
| 4 Bedroom | -$20 | $1,900 | $1,880 |
Affordability — Pendleton, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $290,000 |
| Median Household Income | $73,300 |