Falls, OR housing market
The typical Falls home is worth about $354,000, about the same as a year ago, 29% below the Oregon typical home.
Home values, sales, trends and how Falls compares with the towns next door — updated as new data is published.
Falls at a glance
Only 1 sale in March 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Falls | Oregon |
|---|---|---|
| 2017 | $176,000 | $313,000 |
| 2018 | $187,000 | $337,000 |
| 2019 | $205,000 | $354,000 |
| 2020 | $227,000 | $369,000 |
| 2021 | $270,000 | $411,000 |
| 2022 | $303,000 | $480,000 |
| 2023 | $333,000 | $490,000 |
| 2024 | $343,000 | $495,000 |
| 2025 | $357,000 | $504,000 |
| 2026 | $358,000 | $500,000 |
| August 2026 | $354,000 | $496,000 |
6.9 years of income
The typical Falls home costs about 6.9 years of the town's median household income, more than across Oregon (6 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,400
HUD's Fair Market Rent for a two-bedroom in Falls is $1,400 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Falls pay a median of $1,095, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,060 · 4 bedrooms $2,110
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97344; Salem, OR MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, March 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.