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Hermiston, OR—97838

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$336,000
1.9% YoY Growth
Household Income
$76,000
37.5% YoY Growth
Days on Market
108
48.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$1,250
11.2% YoY Growth
1-Bed Rent
$867
314.1% YoY Growth
2-Bed Rent
$1,220
14.5% YoY Growth
3-Bed Rent
$1,800
4.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Hermiston, OR

As of Dec '25, the median home price in Hermiston, OR is $336,000, with a year-over-year change of 1.9%. This indicates that home prices in Hermiston, OR are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$336,0001.9%
Single Family $336,0001.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$232,0001.8%
    3 Bed
    		$330,0001.9%
    4 Bed
    		$405,0001.8%
    5 Bed $476,4701.9%
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    6.4%
    2 Bedrooms
    26.2%
    3 Bedrooms
    49.3%
    4 Bedrooms
    13.4%
    5+ Bedrooms
    2.6%

    Rental Trends — Hermiston, OR

    As of July '25, Rentcast reports the average rent in Hermiston, OR is $1,790, with a year-over-year rent change of 11.2%. Per bedroom, the median rent as of July '25 in Hermiston, OR is 1-bedrooms: $2,700, 2-bedrooms: $1,260, 3-bedrooms: $1,680. The most common rental property sizes in Hermiston, OR are 3-bedroom and 2-bedroom, accounting for 39.5% and 37.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,790
    Studio Rent N/AN/A
    1 Bed Rent $867$2,700
    2 Bed Rent $1,220$1,260
    3 Bed Rent $1,800$1,680
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    7.4%
    1 Bedroom
    14.5%
    2 Bedrooms
    37.5%
    3 Bedrooms
    39.5%
    4 Bedrooms
    0.8%
    5+ Bedrooms
    0.3%

    Property Listings — Hermiston, OR

    As of Dec '25, Realtor.com reports that the median days on market for a home in Hermiston, OR is 92. This is a increase of 38.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$375,000-1.0%
    Listing Count
    		1098.0%
    Listings as % of Homes0.9%8.0%
    Days on Market
    		10848.0%
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    Demographics — Hermiston, OR

    As of the latest ACS Survey released in 2023, Hermiston, OR has a population of 28,000, which has increased by 7.4% over the past 5 years. Hermiston, OR is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,0007.4%
    % Under 18
    		27.0%-6.9%
    % Seniors
    		13.8%7.0%
    % WFH
    		3.6%50.0%
    % w/ College Degree
    		15.4%-12.5%
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    As of the latest ACS Survey released in 2023, Hermiston, OR is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 20.8% in the last 5 years. The second most common race or ethnicity in Hermiston, OR is hispanic, making up 45.3% of the population. Foreign-born residents account for 16.8% of the population in Hermiston, OR, and this percentage has increased by 10.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		47.9%-20.8%
    % Black
    		0.7%133.3%
    % Hispanic
    		45.3%20.2%
    % Asian
    		1.2%500.0%
    % Foreign Born
    		16.8%10.5%
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    Mortgage and Risk — Hermiston, OR

    According to HUD data as of 2023, there were 348 mortgage originations in Hermiston, OR, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Hermiston, OR. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		348
    % Conventional Loans
    		60.0%
    % Government Loans
    		40.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Hermiston, OR

    Hermiston, OR lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		381
    Total Units Section 8
    		259
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		89.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$43$867$910
    2 Bedroom-$30$1,220$1,190
    3 Bedroom-$130$1,800$1,670
    4 BedroomN/AN/A$2,000

    Affordability — Hermiston, OR

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$336,000
    Median Household Income$76,000

    Hermiston, OR — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions