Hood River, OR Housing Market
AI-powered market intelligence for the Hood River, OR metro area.
PropertyIQ Scores
Hood River, OR Market Analysis
Market Overview
Hood River’s housing market shows relatively weak overall conditions, with a PropertyIQ score of 35 out of 100. The median home value is $696,428, well above the state average of $502,156, while the rent index is $2,767, nearly double the state average of $1,450. Median household income, however, is $82,095, only modestly above the state average of $80,426. That gap between high housing costs and local incomes shapes much of the market’s risk. Unemployment matches the state benchmark at 5.2 percent.
The top score drivers behind the 35/100 score are 12-month home value momentum of 5.08 percent, 3-month home value momentum of -0.19 percent, median days on market of 72, and a 20.8 percent share of listings with a price cut. These inputs point to cooling conditions: positive annual momentum but slightly negative recent momentum, plus a meaningful share of sellers reducing prices. With 57 homes for sale, inventory is not large in absolute terms, but slower turnover is clear from the 72-day median time on market.
Overall, Hood River reads as a high-cost market with weak momentum and slower sales activity. It is not a clear seller’s market, but it also does not show a steep price collapse in the provided data.
Key Trends
The first trend is cooling price momentum. The 12-month home value momentum is 5.08 percent, but 3-month momentum is -0.19 percent and the listed year-over-year home value change is -$16. That suggests home values have flattened or modestly reversed in recent months. At a median home value of $696,428, the recent shift is notable even if the annual change is small.
A second trend is slower sales activity. Median days on market is 72, and 20.8 percent of listings have had a price cut. With 57 homes for sale, these metrics indicate that buyers are taking longer to make offers and sellers are adjusting prices to attract interest.
A third trend is an affordability gap. The median home value of $696,428 is about 39 percent above the state average of $502,156, while median household income of $82,095 is only about 2 percent above the state average of $80,426. This limits the local buyer pool and may contribute to longer marketing times.
A fourth trend is a strong rental price level: the rent index of $2,767 is far above the state average of $1,450. That may attract investors, but it also adds to affordability pressure for renters. Population growth data is missing, so migration-driven demand cannot be evaluated.
Who Is This Market For
With a median home value of $696,428 and median household income of $82,095, this market is difficult for many first-time buyers. The down payment and monthly payment burden would be high relative to local income. Move-up buyers or buyers with existing home equity are better positioned to handle the price level.
The high rent index of $2,767 relative to the state average of $1,450 may appeal to investors seeking rental income. However, the 35/100 PropertyIQ score, 72 days on market, and 20.8 percent price-cut share suggest investors should expect slower sales and limited short-term appreciation. Lifestyle or second-home buyers who are less tied to local incomes may also find the market suitable, but population growth data is unavailable to confirm demand from new residents.
Outlook
The data supports a cautious near-term outlook. The 12-month home value momentum of 5.08 percent is a positive, but the -0.19 percent 3-month momentum and -$16 year-over-year home value change point to flattening conditions. With 72 median days on market and 20.8 percent of listings cutting prices, sellers may need to remain flexible on pricing and timing.
The rent index of $2,767 is significantly above the state average, which could support rental demand. However, unemployment is equal to the state rate at 5.2 percent and median household income is only slightly above the state average at $82,095, so there is no clear local income tailwind in the data. The missing population growth figure limits any conclusion about new household formation. Overall, the numbers suggest flat to modest home value movement and continued buyer caution rather than rapid appreciation.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Hood River, OR market data
Hood River, OR Housing Market Overview
Hood River, OR's median home value is $696K, up 5.1% over the past year. Homes here sell in a median 72 days. Its PropertyIQ Score of 35 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Hood River, OR area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across OR and every other US state.
Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Hood River, OR's PropertyIQ Score of 35 runs below the Pacific norm.
For the Hood River, OR market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 5.1% over the past year.
Use PropertyIQ's interactive analytics to compare Hood River, OR against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Hood River, OR metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Hood River, OR a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Hood River, OR currently scores 35, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $696K, up 5.1% over the past year. So whether Hood River, OR is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Hood River, OR?
Hood River, OR's PropertyIQ Score is 35, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 35 places Hood River, OR below its state benchmark.
Are home prices in Hood River, OR rising or falling?
Home prices in Hood River, OR are rising. Over the past year, the median home value increased 5.1%, reaching $696K. Over the latest three months, values slipped 0.2%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Hood River, OR's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Hood River, OR?
In Hood River, OR, homes sell in a median of 72 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 21% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Hood River, OR market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.