Merlin, OR housing market
The typical Merlin home is worth about $476,000, about the same as a year ago, close to the Oregon typical home.
Home values, sales, trends and how Merlin compares with the towns next door — updated as new data is published.
Merlin at a glance
Only 2 sales in May 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 | Merlin | Oregon |
|---|---|---|
| 2017 | $309,000 | $313,000 |
| 2018 | $336,000 | $337,000 |
| 2019 | $354,000 | $354,000 |
| 2020 | $365,000 | $369,000 |
| 2021 | $413,000 | $411,000 |
| 2022 | $486,000 | $480,000 |
| 2023 | $478,000 | $490,000 |
| 2024 | $465,000 | $495,000 |
| 2025 | $474,000 | $504,000 |
| 2026 | $473,000 | $500,000 |
| August 2026 | $476,000 | $496,000 |
6.6 years of income
The typical Merlin home costs about 6.6 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 $1,250
HUD's Fair Market Rent for a two-bedroom in Merlin is $1,250 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 21% of the town's median household income.
Studio $860 · 4 bedrooms $1,890
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97526, 97532; Grants Pass, 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.
Recent listings in Merlin
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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.