Hermiston, OR housing market
The typical Hermiston home is worth about $346,000, up 1.9% in a year, 30% below the Oregon typical home. Homes typically sell in 37 days, close to asking.
Home values, sales, trends and how Hermiston compares with the towns next door — updated as new data is published.
Hermiston at a glance
A balanced market
About 5.2 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Hermiston | Oregon |
|---|---|---|
| 2017 | $179,000 | $313,000 |
| 2018 | $194,000 | $337,000 |
| 2019 | $212,000 | $354,000 |
| 2020 | $230,000 | $369,000 |
| 2021 | $260,000 | $411,000 |
| 2022 | $309,000 | $480,000 |
| 2023 | $324,000 | $490,000 |
| 2024 | $326,000 | $495,000 |
| 2025 | $336,000 | $504,000 |
| 2026 | $340,000 | $500,000 |
| August 2026 | $346,000 | $496,000 |
79 new homes permitted in 2025
Builders were permitted 79 new homes in Hermiston in 2025: 75 single-family houses and 4 in buildings with two or more homes, worth about $19.6 million to build. That's 4 per 1,000 residents, about the pace of Oregon as a whole. Over the past 10 years, Hermiston has permitted 974 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Hermiston gained 2,609 residents while 593 new homes were permitted: about 4.4 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Oregon: 2.6 new residents per new home.
How Hermiston ranks on housing keeping up with growth →
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) | 51 | 51 | 0 | $12.7 million |
| 2025 | 79 | 75 | 4 | $19.6 million |
| 2024 | 85 | 81 | 4 | $20.9 million |
| 2023 | 77 | 69 | 8 | $19.2 million |
| 2022 | 197 | 105 | 92 | $35.4 million |
| 2021 | 113 | 113 | 0 | $28 million |
| 2020 | 88 | 88 | 0 | $21.8 million |
| 2019 | 110 | 62 | 48 | $21.3 million |
| 2018 | 82 | 82 | 0 | $15.7 million |
| 2017 | 77 | 77 | 0 | $14.8 million |
| 2016 | 66 | 66 | 0 | $12.7 million |
| 2015 | 54 | 54 | 0 | $10.4 million |
| 2014 | 47 | 47 | 0 | $9 million |
| 2013 | 38 | 36 | 2 | $7.4 million |
| 2012 | 30 | 30 | 0 | $5.3 million |
| 2011 | 39 | 29 | 10 | $6.3 million |
| 2010 | 50 | 42 | 8 | $8.7 million |
| 2009 | 41 | 23 | 18 | $6.3 million |
| 2008 | 41 | 35 | 6 | $5.5 million |
| 2007 | 98 | 84 | 14 | $14.4 million |
| 2006 | 111 | 89 | 22 | $16.9 million |
| 2005 | 160 | 104 | 56 | $20.3 million |
| 2004 | 108 | 94 | 14 | $15.6 million |
| 2003 | 146 | 122 | 24 | $22.1 million |
| 2002 | 240 | 116 | 124 | $28.3 million |
| 2001 | 104 | 104 | 0 | $15.7 million |
| 2000 | 70 | 70 | 0 | $9.5 million |
Hermiston's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Hermiston ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.2 years of income
The typical Hermiston home costs about 5.2 years of the town's median household income, less than across Oregon (6 years).
How Hermiston ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,320
HUD's Fair Market Rent for a two-bedroom in Hermiston is $1,320 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hermiston pay a median of $1,088, so moving in tends to cost more than staying put. A two-bedroom takes about 24% of the town's median household income.
Studio $910 · 4 bedrooms $2,210
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97838; Morrow 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.