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:$506,786
Avg Rent:$2,050/mo
Avg Price/Rent:20.7
Oregon Housing Market Summary
14
Cities Analyzed
1
Favor Buying
5
Favor Renting
8
Toss-Up
Across Oregon's 14 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Oregon is $506,786, with average rents at $2,050/month. This gives an average price-to-rent ratio of 20.7.
$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 | $620,000 | $2,350 | 22.0 | 7 yrs | Toss-up |
| Eugene | $475,000 | $2,100 | 18.8 | 8 yrs | Toss-up |
| Salem | $575,000 | $1,950 | 24.6 | 16 yrs | Rent |
| Gresham | $575,000 | $2,000 | 24.0 | 9 yrs | Rent |
| Hillsboro | $550,000 | $1,950 | 23.5 | 12 yrs | Rent |
| Bend | $570,000 | $2,300 | 20.7 | 9 yrs | Toss-up |
| Beaverton | $425,000 | $2,000 | 17.7 | 8 yrs | Toss-up |
| Medford | $440,000 | $2,200 | 16.7 | 4 yrs | Buy |
| Springfield | $490,000 | $2,050 | 19.9 | 9 yrs | Toss-up |
| Corvallis | $430,000 | $2,000 | 17.9 | 8 yrs | Toss-up |
| Albany | $535,000 | $1,900 | 23.5 | 16 yrs | Rent |
| Tigard | $460,000 | $2,150 | 17.8 | 7 yrs | Toss-up |
| Lake Oswego | $490,000 | $1,750 | 23.3 | 11 yrs | Rent |
| Grants Pass | $460,000 | $2,000 | 19.2 | 8 yrs | Toss-up |
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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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