Pendleton, OR 97801 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pendleton, OR—97801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$289,000

3.0% YoY Growth

Household Income

$73,300

43.4% YoY Growth

Days on Market

23.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$1,150

1.6% YoY Growth

1-Bed Rent

$895

14.4% YoY Growth

2-Bed Rent

$1,100

5.1% YoY Growth

3-Bed Rent

$1,600

1.3% YoY Growth

Home Price Trends — Pendleton, OR

As of Dec '25, the median home price in Pendleton, OR is $289,000, 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 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$289,000	3.0%
Single Family	$289,000	2.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.4%

1 Bedroom

29.1%

2 Bedrooms

41.8%

3 Bedrooms

21.3%

4 Bedrooms

2.1%

5+ Bedrooms

0.3%

Property Listings — Pendleton, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Pendleton, OR is 79. This is a increase of 44.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$301,000	-6.0%
Listing Count	49	-17.0%
Listings as % of Homes	0.5%	-17.0%
Days on Market	70	23.0%

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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%

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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%

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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%

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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

Pendleton, OR—97801

Key Metrics at a Glance

Home Price Trends — Pendleton, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pendleton, OR

% of Rental Stock

Property Listings — Pendleton, OR

Demographics — Pendleton, OR

Race and Ethnicity

Mortgage and Risk — Pendleton, OR

Mortgages

Rentals and Section 8 — Pendleton, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Pendleton, OR

Home Price to Income Ratio

Pendleton, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Helix, OR

Pilot Rock, OR

Stanfield, OR

Milton Freewater, OR

Wallula Junction

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$289,000
Median Household Income	$73,300

Pendleton, OR—97801

Key Metrics at a Glance

Home Price Trends — Pendleton, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pendleton, OR

% of Rental Stock

Property Listings — Pendleton, OR

Demographics — Pendleton, OR

Race and Ethnicity

Mortgage and Risk — Pendleton, OR

Mortgages

Rentals and Section 8 — Pendleton, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Pendleton, OR

Home Price to Income Ratio

Pendleton, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Helix, OR

Pilot Rock, OR

Stanfield, OR

Milton Freewater, OR

Wallula Junction

Frequently Asked Questions

What is the average home price in Pendleton, OR 97801?

How have home prices in Pendleton, OR 97801 changed over the past year?

What is the home price projection for Pendleton, OR 97801?

What are the demographics of Pendleton, OR 97801?

How long does it take homes to sell in Pendleton, OR 97801?

What is the average rent price in Pendleton, OR 97801?