Madras, OR housing market
The typical Madras home is worth about $360,000, about the same as a year ago, 27% below the Oregon typical home.
Home values, sales, trends and how Madras compares with the towns next door — updated as new data is published.
Madras at a glance
Typical home value, 2016–2026
Show as a table
| January | Madras | Oregon |
|---|---|---|
| 2017 | $163,000 | $313,000 |
| 2018 | $187,000 | $337,000 |
| 2019 | $215,000 | $354,000 |
| 2020 | $232,000 | $369,000 |
| 2021 | $267,000 | $411,000 |
| 2022 | $334,000 | $480,000 |
| 2023 | $346,000 | $490,000 |
| 2024 | $353,000 | $495,000 |
| 2025 | $359,000 | $504,000 |
| 2026 | $363,000 | $500,000 |
| August 2026 | $360,000 | $496,000 |
5.6 years of income
The typical Madras home costs about 5.6 years of the town's median household income, less than across Oregon (6 years).
How Madras 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 $1,440
HUD's Fair Market Rent for a two-bedroom in Madras is $1,440 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Madras pay a median of $979, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,170 · 4 bedrooms $2,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97741; Jefferson County, OR HUD Metro FMR Area), 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. 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.