Gearhart, OR housing market
The typical Gearhart home is worth about $621,000, up 0.5% in a year, 25% above the Oregon typical home. Homes typically sell in 276 days, below asking.
Home values, sales, trends and how Gearhart compares with the towns next door — updated as new data is published.
Gearhart at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Gearhart | Oregon |
|---|---|---|
| 2017 | $340,000 | $313,000 |
| 2018 | $366,000 | $337,000 |
| 2019 | $380,000 | $354,000 |
| 2020 | $395,000 | $369,000 |
| 2021 | $444,000 | $411,000 |
| 2022 | $539,000 | $480,000 |
| 2023 | $602,000 | $490,000 |
| 2024 | $611,000 | $495,000 |
| 2025 | $621,000 | $504,000 |
| 2026 | $628,000 | $500,000 |
| August 2026 | $621,000 | $496,000 |
7 new homes permitted in 2025
Builders were permitted 7 new homes in Gearhart in 2025, all single-family houses, worth about $3.6 million to build. That's 3.5 per 1,000 residents, about the pace of Oregon as a whole. Over the past 10 years, Gearhart has permitted 253 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Gearhart gained 331 residents while 224 new homes were permitted: about 1.5 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 42% of Gearhart's homes are seasonal or vacation homes, which adds housing without adding residents. Across Oregon: 2.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $1.2 million |
| 2025 | 7 | 7 | 0 | $3.6 million |
| 2024 | 9 | 6 | 3 | $6.9 million |
| 2023 | 13 | 9 | 4 | $9.3 million |
| 2022 | 27 | 21 | 6 | $8.1 million |
| 2021 | 30 | 28 | 2 | $10.3 million |
| 2020 | 30 | 28 | 2 | $10.4 million |
| 2019 | 28 | 24 | 4 | $7.6 million |
| 2018 | 40 | 40 | 0 | $9.4 million |
| 2017 | 37 | 37 | 0 | $8.7 million |
| 2016 | 32 | 32 | 0 | $7.5 million |
| 2015 | 26 | 24 | 2 | $5.9 million |
| 2014 | 8 | 8 | 0 | $2.6 million |
| 2013 | 15 | 15 | 0 | $3.4 million |
| 2012 | 12 | 12 | 0 | $241,000 |
| 2011 | 12 | 12 | 0 | $2.6 million |
| 2010 | 14 | 14 | 0 | $2.5 million |
| 2009 | 12 | 12 | 0 | $3.2 million |
| 2008 | 27 | 27 | 0 | $7.5 million |
| 2007 | 32 | 32 | 0 | $9.5 million |
| 2006 | 34 | 34 | 0 | $10.2 million |
| 2005 | 30 | 30 | 0 | $7.1 million |
| 2004 | 19 | 19 | 0 | $4.8 million |
| 2003 | 22 | 22 | 0 | $4.1 million |
| 2002 | 5 | 5 | 0 | $1.2 million |
| 2001 | 6 | 6 | 0 | $981,000 |
| 2000 | 6 | 6 | 0 | $764,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Gearhart and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gearhart | $621K | +0.5% | $1,300 | 7 | $92,250 |
| Seaside | $471K | −0.8% | $1,300 | 169 | $47,361 |
6.7 years of income
The typical Gearhart home costs about 6.7 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 $1,300
HUD's Fair Market Rent for a two-bedroom in Gearhart is $1,300 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gearhart pay a median of $1,093, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $950 · 4 bedrooms $2,180
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97138; Clatsop County, OR), 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, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.