Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$475,672+1.3% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 30% have cut their price
Income needed to buy, per year$103,116About 1.1× the local median income ($94,166): a stretch for a typical household
Days on market80 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+0.1%Zillow expects prices to stay about flat
The typical home in Polk County, OR is worth $475,672, up 1.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $472,113, so the area is 0.8% overvalued. It is a buyer's market: homes take about 80 days to sell, listings are up 30% from a year ago, 30% of listings have had a price cut. Zillow expects prices to rise about 0.1% over the next year. A household needs about $103,116 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 $94,166. Typical rent is $1,769 a month, or $2,472 for a house. In the latest IRS figures, 92 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
$475,672
Change in 1 year
+1.3%
Overvalued %
+0.8%
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Fair home value
$472,113
Change in 5 years
+15.0%
Zillow forecast, next 12 months
+0.1%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$2,578
Income needed to afford it
$103,116
Property tax rate
0.80%
Rent and investing
Typical rent
$1,769
Typical rent for houses
$2,472
Price-to-rent ratio
22.4×
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HUD Fair Market Rent, 2 bedrooms
$1,692
Gross rental yield
4.46%
Cap rate (estimate)
2.90%
Market activity
Listings vs a year ago
+29.9%
Days on market
80
Listings with a price cut
30.3%
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Homes for sale
408
Pending sales per 100 listings
18
Asking price per sq ft
$281
People and jobs
Median household income
$94,166
Population change (1 year)
−0.2%
Unemployment rate
5.7%
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Population
90,037
Income adjusted for cost of living
$90,894
Net moves in (IRS)
+92
Cost of living (US = 100)
103.6
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
72.8
Flood risk score
68.2
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Wildfire risk score
43.4
Walkability (1 to 20)
9.9
Road, rail and air noise
53 dB
Questions people ask
Is Polk County, OR overvalued?
Home prices in Polk County, OR are slightly above what local incomes have historically supported: fair value is about $472,113, so the area is 0.8% overvalued.
Is Polk County, OR a buyer's or seller's market?
Polk County, OR is a buyer's market: homes take about 80 days to sell, listings are up 30% from a year ago, 30% of listings have had a price cut.
Are home prices going down in Polk County, OR?
Home values in Polk County, OR are up 1.3% over the last year. Zillow's forecast for the next 12 months is +0.1%.
How much do you need to earn to buy a home in Polk County, OR?
A household needs about $103,116 a year to afford the typical home in Polk County, OR at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $94,166.