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Eugene real estate market overview
- Average Monthly Rent: $1,752
- Home Price/Value Percentage Change: 1.70%
- Median Home Value: $464,521
- Best Time To Sell a Home: August
- Affordability Index: Moderate
- Days To Sell a House: 43
- Job Market: Fair
- Public School Ranking: 44
Location and weather
Eugene is in the Lane County region of Oregon, at the south end of the Willamette Valley. It is near the McKenzie and Willamette rivers, just 50 miles from the Oregon Coast. It's the second largest city in Oregon, and is known to be one of the most beautiful places in the state. Due to its scenic location, it's the perfect place to work-out, go biking, white water rafting, and kayaking.
While exploring Eugene, you'll have the option of taking tours, going sightseeing or shopping, and visiting markets, gardens, wineries, breweries, and casinos. Some of these include the Cascades Raptor Center, the Eugene Saturday Market, the Willamette River bike trail, Mount Pisgah and the Owen Rose Garden. Eugene also offers over eight different wine tasting tours that function in different areas all over the state.
The weather in Eugene is made up of short, dry summers and wet, cold winters. During summer, high temperatures are in the 80's and lows are in the 50's. During winter, high temperatures are in the 50's and lows are in the 30's.
Population, job market and cost of living
The population in Eugene is 182,795, and has a growth rate of 1.13% annually.
The job growth here has decreased by -5.45% in the last year and in ten years, is predicted to have increased by 40.92%. This number is higher than the US average by 33.5%. Several major industries in this city are educational and health services, manufacturing, professional and business services, as well as trade, transportation and utilities. Some of the biggest companies to work for as a Eugene resident are Hynix Semiconductor Manufacturing America Inc, Bi-Mart, Pap, Aurora Innovations and City of Eugene.
The cost of living here is slightly higher than the US average, making it a more expensive place to live. This hippie city in Oregon is a great place for families, young professionals and college students alike. If you're looking for a new home that embraces nature, sports and a lot of rain, Eugene might be the place for you.
Eugene real estate market details
- Lauren Hill Valley
- Crest Drive
- Bethel
- Southeast Eugene
- Churchill
The average monthly rent in Eugene is $1,752 for an average apartment size of 889 sq. feet.
There has been a 1.7% increase in median home value over the last year. As of 2023, the median home value is $464,521.
On average, homes in Eugene sell after 43 days on the market.
The best time to sell a home for the highest valued sale is during August. For the quickest sale, homeowners should sell in July.
The affordability index in Eugene is 107. This number indicates moderate affordability in this city.
The top ranked public schools are Roosevelt Middle School, Charlemagne French Immersion Elementary School, Coburg Community Charter School, Edison Elementary School and Sheldon High School. This information is based on data measuring academic performance and equity.