Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$658,505−0.7% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$142,750About 1.4× the local median income ($99,705): a stretch for a typical household
Days on market93 daysAbout the same pace as a year ago
Next 12 months−0.2%Zillow expects prices to stay about flat
The typical home in Deschutes County, OR is worth $658,505, down 0.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $648,635, so the area is 1.5% overvalued. It is a buyer's market: homes take about 93 days to sell, listings are up 4% from a year ago, 20% of listings have had a price cut. Zillow expects prices to fall about 0.2% over the next year. A household needs about $142,750 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,705. Typical rent is $2,218 a month, or $2,702 for a house. In the latest IRS figures, 1,792 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$658,505
Change in 1 year
−0.7%
Overvalued %
+1.5%
Show 7 more
Fair home value
$648,635
Change in 5 years
+4.6%
Zillow forecast, next 12 months
−0.2%
Home value to income
6.6×
Monthly mortgage payment (20% down)
$3,569
Income needed to afford it
$142,750
Property tax rate
0.58%
Rent and investing
Typical rent
$2,218
Typical rent for houses
$2,702
Price-to-rent ratio
24.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,893
Gross rental yield
4.04%
Cap rate (estimate)
2.63%
Market activity
Listings vs a year ago
+3.5%
Days on market
93
Listings with a price cut
20.4%
Show 3 more
Homes for sale
2,026
Pending sales per 100 listings
27
Asking price per sq ft
$383
People and jobs
Median household income
$99,705
Population change (1 year)
+0.9%
Unemployment rate
4.4%
Show 4 more
Population
213,072
Income adjusted for cost of living
$96,240
Net moves in (IRS)
+1,792
Cost of living (US = 100)
103.6
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
84.9
Unhealthy air days a year
3
Show 4 more
Flood risk score
88.9
Wildfire risk score
97.8
Walkability (1 to 20)
9.5
Road, rail and air noise
53 dB
Questions people ask
Is Deschutes County, OR overvalued?
Home prices in Deschutes County, OR are slightly above what local incomes have historically supported: fair value is about $648,635, so the area is 1.5% overvalued.
Is Deschutes County, OR a buyer's or seller's market?
Deschutes County, OR is a buyer's market: homes take about 93 days to sell, listings are up 4% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Deschutes County, OR?
Home values in Deschutes County, OR are down 0.7% over the last year. Zillow's forecast for the next 12 months is −0.2%.
How much do you need to earn to buy a home in Deschutes County, OR?
A household needs about $142,750 a year to afford the typical home in Deschutes County, OR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $99,705.