Rent vs Buy in Oregon
Compare 14 cities across Oregon. Find out whether renting or buying makes more financial sense in your area.
14cities analyzed
Avg Home:$500,401
Avg Rent:$1,799/mo
Avg Price/Rent:23.1
Oregon Housing Market Summary
14
Cities Analyzed
0
Favor Buying
14
Favor Renting
0
Toss-Up
Across Oregon's 14 analyzed cities, the majority (14 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Oregon.
The average home price in Oregon is $500,401, with average rents at $1,799/month. This gives an average price-to-rent ratio of 23.1.
$Most Affordable Cities
$$Most Expensive Cities
All Oregon Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Portland | $493,150.76 | $1,686.65 | 24.4 | N/A | Rent |
| Salem | $437,106.46 | $1,651.85 | 22.1 | N/A | Rent |
| Eugene | $446,036.58 | $1,805.55 | 20.6 | N/A | Rent |
| Bend | $656,914.4 | $2,251.75 | 24.3 | N/A | Rent |
| Gresham | $493,150.76 | $1,686.65 | 24.4 | N/A | Rent |
| Hillsboro | $556,184.12 | $1,892.63 | 24.5 | N/A | Rent |
| Beaverton | $556,184.12 | $1,892.63 | 24.5 | N/A | Rent |
| Medford | $425,440.1 | $1,713.31 | 20.7 | N/A | Rent |
| Springfield | $446,036.58 | $1,805.55 | 20.6 | N/A | Rent |
| Corvallis | $548,593.16 | $1,811.38 | 25.2 | N/A | Rent |
| Albany | $403,075.2 | $1,647.33 | 20.4 | N/A | Rent |
| Tigard | $556,184.12 | $1,892.63 | 24.5 | N/A | Rent |
| Lake Oswego | $603,031.66 | $1,944 | 25.9 | N/A | Rent |
| Grants Pass | $384,521.59 | $1,510.97 | 21.2 | N/A | Rent |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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