Oak Grove, OR housing market
Homes typically sell in 6 days, a little above asking.
Home values, sales, trends and how Oak Grove compares with the towns next door — updated as new data is published.
Oak Grove at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 35% in 5 years
The federal house price index for the ZIP codes around Oak Grove rose 35% over the past 5 years, about the same as across Oregon. Last year prices rose 1.4%. Carrying the Census median home value forward with that index puts the typical Oak Grove home at roughly $742,000 today.
Show as a table
| Year | Change that year | Since 2000 | Oregon since 2000 |
|---|---|---|---|
| 2025 | +1.4% | +209% | +200% |
| 2024 | +3.6% | +205% | +197% |
| 2023 | 0% | +194% | +191% |
| 2022 | +13% | +194% | +188% |
| 2021 | +13% | +160% | +153% |
| 2020 | +3.5% | +129% | +122% |
| 2019 | +3.1% | +122% | +115% |
| 2018 | +5.5% | +115% | +106% |
| 2017 | +9.2% | +104% | +94% |
| 2016 | +14% | +87% | +79% |
| 2015 | +11% | +63% | +62% |
| 2014 | +12% | +47% | +50% |
| 2013 | +7.5% | +31% | +37% |
| 2012 | −3.5% | +22% | +29% |
| 2011 | −6.6% | +27% | +31% |
| 2010 | −7.8% | +36% | +40% |
| 2009 | −11% | +47% | +53% |
| 2008 | −2.4% | +66% | +70% |
| 2007 | +7.3% | +70% | +75% |
| 2006 | +17% | +59% | +66% |
| 2005 | +17% | +36% | +42% |
| 2004 | +7.6% | +16% | +22% |
| 2003 | +2.4% | +8% | +12% |
| 2002 | +2.6% | +5.4% | +8.3% |
| 2001 | +2.8% | +2.8% | +4.6% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 97267, 97222, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Oak Grove and its neighbors
| Town | Typical value | 1-yr change | New homes 2025 | Median income |
|---|---|---|---|---|
| Oak Grove | — | +1.4%† | — | $86,226 |
| Milwaukie | $518K | +0.9% | 46 | $86,892 |
| Lake Oswego | $885K | +1.4% | 138 | $141,549 |
| Oatfield | — | +1.3%† | — | $103,224 |
| West Linn | $776K | +1.5% | 29 | $146,507 |
| Jennings Lodge | — | +1.6%† | — | $71,054 |
| Dunthorpe | — | −0.9%† | — | $250,001 |
† FHFA price index change, where Zillow has no home value for the town.
6 years of income
The typical Oak Grove home costs about 6 years of the town's median household income, about the same as across Oregon (6).
How Oak Grove ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Listings link to their publishers.