Five Oregon Metros Were Falling, Portland Among Them
Program and regulatory figures verified September 25, 2026. Details change; confirm your scenario with us.
Most states in this round had one soft market or none. Oregon had five, and the largest one is on the list.
The numbers
| Metro | Typical value, Aug 2026 | Year over year |
|---|---|---|
| Hood River | $688,715 | +2.4% |
| Bend | $663,933 | -0.8% |
| Corvallis | $556,971 | +0.3% |
| Portland | $542,843 | -0.4% |
| Astoria | $516,820 | -0.1% |
| Prineville | $475,198 | +1.0% |
| Newport | $470,101 | +0.7% |
| Eugene | $455,431 | +0.9% |
| Brookings | $451,282 | -1.0% |
| Salem | $449,621 | +0.5% |
| Medford | $436,355 | +1.3% |
| Albany | $409,430 | +0.3% |
| The Dalles | $399,731 | +2.6% |
| Grants Pass | $390,436 | +0.1% |
| Ontario | $374,404 | +4.0% |
| Coos Bay | $349,493 | -0.9% |
| Roseburg | $344,129 | +0.5% |
| La Grande | $335,502 | +4.5% |
| Hermiston | $314,196 | +2.5% |
| Klamath Falls | $308,629 | +0.6% |
Source: Zillow Research public ZHVI series, all homes, smoothed and seasonally adjusted, data month August 2026, pulled September 24, 2026.
The split runs east to west
The four fastest markets in Oregon were La Grande, Ontario, The Dalles and Hermiston, all in the eastern half of the state. The five falling ones were Brookings, Coos Bay, Astoria on the coast, plus Bend and Portland.
That is a genuine geographic pattern rather than noise, and it means a statewide average would describe almost nobody accurately.
What it does to a bridge file
Reserve requirements on bridge structures are tiered against expected marketing time, and marketing time lengthens when values stop rising. With five declining metros, Oregon carries the heaviest reserve pressure of any state in this build round.
The practical consequence is a preference for structures that do not depend on a fast sale: carrying both payments with a later recast, or converting the departing home to a rental. See the structures page.
One compensation
Oregon taxes the lesser of maximum assessed value and real market value each year. Where RMV is falling toward MAV, that rule begins to bite in the property owner's favour.
It does not offset a soft sale, and it is administered by your county assessor rather than by us. It is worth knowing that the tax system and the market are not both pushing the same direction here. See the assessed value page.
By area
Portland, Bend and Central Oregon, the Willamette Valley, the coast.
Frequently asked questions
Which Oregon housing markets were declining in 2026?
Five as of August 2026: Brookings down 1.0%, Coos Bay down 0.9%, Bend down 0.8%, Portland down 0.4% and Astoria down 0.1%.
Is the Portland market falling?
It was down 0.4% year over year as of August 2026, at a typical home value of $542,843. Portland is Oregon's largest market and one of five in the state that declined over that period.
Which part of Oregon was rising?
The east. La Grande rose 4.5%, Ontario 4.0%, The Dalles 2.6% and Hermiston 2.5% in the year to August 2026, while the coast, Bend and Portland declined.
How does a falling market affect my bridge financing?
It generally raises the reserve requirement, because bridge structures tier reserves against expected marketing time and softer pricing lengthens it. Oregon carries the heaviest reserve pressure of the states in this build round.
Mike Certo · NMLS #260555 · Cornerstone First Mortgage NMLS #173855 · Equal Housing Lender. Educational content about financing, not a loan commitment and not legal, tax, or real estate advice. Oregon property tax is administered county by county under the Department of Revenue, and whether any local charge applies to your transfer depends on where the property sits; your closing agent, your CPA or an Oregon attorney, and your real estate agent each handle their own part. Loans are subject to borrower and property qualification.