Wallowa, OR housing market
The typical Wallowa home is worth about $326,000, about the same as a year ago, 34% below the Oregon typical home.
Home values, sales, trends and how Wallowa compares with the towns next door — updated as new data is published.
Wallowa at a glance
Typical home value, 2016–2026
Show as a table
| January | Wallowa | Oregon |
|---|---|---|
| 2017 | $158,000 | $313,000 |
| 2018 | $169,000 | $337,000 |
| 2019 | $182,000 | $354,000 |
| 2020 | $204,000 | $369,000 |
| 2021 | $237,000 | $411,000 |
| 2022 | $285,000 | $480,000 |
| 2023 | $305,000 | $490,000 |
| 2024 | $315,000 | $495,000 |
| 2025 | $320,000 | $504,000 |
| 2026 | $327,000 | $500,000 |
| August 2026 | $326,000 | $496,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,080
HUD's Fair Market Rent for a two-bedroom in Wallowa is $1,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Wallowa pay a median of $699, so moving in tends to cost more than staying put.
Studio $750 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97885; Wallowa 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. 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.