Hermiston housing market
Typical home value
$312K
▲ 2.7% 1 yr
Typical rent
$1,583/mo
▲ 0.9% 1 yr
12-month forecast
+2.3%
#234 of 546 metros
Gross rent yield
6.1%
#243 of 546 · U.S. 6.3%
Days to pending
76 days
▲ +19 days 1 yr
Listings with a price cut
24%
▲ +0.9 pts 1 yr
Key takeaways
- 1The typical home is worth $312,088, up 2.7% in a year and up 20% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,583/mo (+0.9% YoY), a 6.1% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,715/mo in principal and interest, $132 more than renting.
- 5Homes go under contract in 76 days (+19 days vs last year); 24% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hermiston compares
| Measure | Hermiston | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.7% | +1.2% | #234 |
| Home value, 5-yr change | +19.7% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #234 |
| Rent, 1-yr change | +0.9% | +2.7% | #483 |
| Gross rent yield | 6.1% | 6.3% | #243 |
| Price-to-rent ratio | 16.4 | 15.8 | |
| Mortgage P&I on typical home | $1,715 | $2,012 | |
| Days to pending | 76 | 56 |
Cities in the Hermiston metro
1 cities with home value and rent data.
| Pendleton | $301K | ▲ 3.2% | $1,435 | ▼ 0.7% | 5.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Hermiston rental ($312K, $1,583/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Hermiston home.
Rent vs buy
Is it cheaper to rent or buy in Hermiston?
Other Oregon metros
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$539K home$1,803 rent4.0% yield
▼ 0.2% 1 yr
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Eugene, OR
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Medford, OR
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Bend, OR
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Albany, OR
$408K home$1,635 rent4.8% yield
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Roseburg, OR
$339K home$1,326 rent4.7% yield
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Corvallis, OR
$553K home$1,811 rent3.9% yield
▲ 0.3% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.