Pendleton, OR housing market
Typical home value
$301K
▲ 3.2% 1 yr
Typical rent
$1,435/mo
▼ 0.7% 1 yr
Gross rent yield
5.7%
U.S. 6.3%
5-year home value change
+19%
U.S. +20%
Key takeaways
- 1The typical home in Pendleton is worth $301,449, up 3.2% over the past year and up 19% over five years.
- 2Typical rent is $1,435 a month (−0.7% YoY), a gross rent yield of 5.7% (below the Hermiston, OR metro's 6.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,657/mo, $222 more than typical rent.
- 4Zillow forecasts the Hermiston, OR metro's home values to change +2.3% over the next 12 months.
Market temperature (Hermiston, OR metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 30/100, #446 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Pendleton compares
| Measure | Pendleton | Hermiston, OR metro | United States |
|---|---|---|---|
| Typical home value | $301,449 | $312,088 | $366,157 |
| Home value, 1-yr change | +3.2% | +2.7% | +1.2% |
| Typical rent | $1,435 | $1,583 | $1,932 |
| Rent, 1-yr change | −0.7% | +0.9% | +2.7% |
| Gross rent yield | 5.7% | 6.1% | 6.3% |
| Price-to-rent ratio | 17.5 | 16.4 | 15.8 |
| Mortgage P&I, typical home | $1,657 | $1,715 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Pendleton rental, pre-filled.
Rent vs buy in Pendleton
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $301K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.