Philomath, OR housing market
The typical Philomath home is worth about $526,000, up 0.5% in a year, 6% above the Oregon typical home.
Home values, sales, trends and how Philomath compares with the towns next door — updated as new data is published.
Philomath at a glance
Only 3 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 | Philomath | Oregon |
|---|---|---|
| 2017 | $295,000 | $313,000 |
| 2018 | $317,000 | $337,000 |
| 2019 | $334,000 | $354,000 |
| 2020 | $361,000 | $369,000 |
| 2021 | $401,000 | $411,000 |
| 2022 | $469,000 | $480,000 |
| 2023 | $497,000 | $490,000 |
| 2024 | $518,000 | $495,000 |
| 2025 | $528,000 | $504,000 |
| 2026 | $526,000 | $500,000 |
| August 2026 | $526,000 | $496,000 |
32 new homes permitted in 2025
Builders were permitted 32 new homes in Philomath in 2025: 26 single-family houses and 6 in buildings with two or more homes, worth about $6.9 million to build. That's 5.7 per 1,000 residents, faster than across Oregon (3.8). Over the past 10 years, Philomath has permitted 622 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Philomath gained 766 residents while 440 new homes were permitted: about 1.7 new residents per new home. Building and growth moved roughly in step. Across Oregon: 2.6 new residents per new home.
How Philomath 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) | 3 | 3 | 0 | $1.1 million |
| 2025 | 32 | 26 | 6 | $6.9 million |
| 2024 | 10 | 10 | 0 | $2.8 million |
| 2023 | 25 | 23 | 2 | $7.9 million |
| 2022 | 12 | 10 | 2 | $3.4 million |
| 2021 | 34 | 31 | 3 | $9 million |
| 2020 | 106 | 103 | 3 | $27.4 million |
| 2019 | 12 | 12 | 0 | $2.3 million |
| 2018 | 358 | 11 | 347 | $38.6 million |
| 2017 | 15 | 6 | 9 | $2.9 million |
| 2016 | 18 | 14 | 4 | $3.9 million |
| 2015 | 12 | 12 | 0 | $2.3 million |
| 2014 | 11 | 11 | 0 | $2.5 million |
| 2013 | 1 | 1 | 0 | $266,000 |
| 2012 | 3 | 3 | 0 | $492,000 |
| 2011 | 4 | 4 | 0 | $545,000 |
| 2010 | 6 | 6 | 0 | $1.1 million |
| 2009 | 15 | 15 | 0 | $2.5 million |
| 2008 | 7 | 5 | 2 | $1.1 million |
| 2007 | 24 | 20 | 4 | $5 million |
| 2006 | 39 | 35 | 4 | $7.8 million |
| 2005 | 21 | 13 | 8 | $3.5 million |
| 2004 | 21 | 17 | 4 | $3 million |
| 2003 | 30 | 22 | 8 | $4.4 million |
| 2002 | 50 | 42 | 8 | $4.4 million |
| 2001 | 56 | 48 | 8 | $4.2 million |
| 2000 | 5 | 5 | 0 | $410,000 |
How Philomath 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.
6.3 years of income
The typical Philomath home costs about 6.3 years of the town's median household income, more than across Oregon (6 years).
How Philomath 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 $1,590
HUD's Fair Market Rent for a two-bedroom in Philomath is $1,590 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Philomath pay a median of $1,477. A two-bedroom takes about 23% of the town's median household income.
Studio $1,180 · 4 bedrooms $2,490
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97370; Corvallis, 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.
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.