Ontario housing market
Typical home value
$370K
▲ 3.9% 1 yr
Typical rent
$1,434/mo
▲ 2.4% 1 yr
12-month forecast
+1.9%
#303 of 546 metros
Gross rent yield
4.6%
#456 of 546 · U.S. 6.3%
Days to pending
72 days
▼ −3 days 1 yr
Listings with a price cut
27%
▼ −1.8 pts 1 yr
Key takeaways
- 1The typical home is worth $370,248, up 3.9% in a year and up 17% over five years.
- 2Zillow forecasts home values rising 1.9% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,434/mo (+2.4% YoY), a 4.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,035/mo in principal and interest, $601 more than renting.
- 5Homes go under contract in 72 days (−3 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 43/100, #239 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 Ontario compares
| Measure | Ontario | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.9% | +1.2% | #128 |
| Home value, 5-yr change | +17.1% | +19.7% | |
| 12-month forecast | +1.9% | +1.1% | #303 |
| Rent, 1-yr change | +2.4% | +2.7% | #365 |
| Gross rent yield | 4.6% | 6.3% | #456 |
| Price-to-rent ratio | 21.5 | 15.8 | |
| Mortgage P&I on typical home | $2,035 | $2,012 | |
| Days to pending | 72 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Ontario rental ($370K, $1,434/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Ontario home.
Rent vs buy
Is it cheaper to rent or buy in Ontario?
Other Oregon metros
Portland, OR
$539K home$1,803 rent4.0% yield
▼ 0.2% 1 yr
Salem, OR
$447K home$1,646 rent4.4% yield
▲ 0.4% 1 yr
Eugene, OR
$453K home$1,771 rent4.7% yield
▲ 1.0% 1 yr
Medford, OR
$431K home$1,848 rent5.1% yield
▲ 1.1% 1 yr
Bend, OR
$659K home$2,218 rent4.0% yield
▼ 0.7% 1 yr
Albany, OR
$408K home$1,635 rent4.8% yield
▲ 0.3% 1 yr
Roseburg, OR
$339K home$1,326 rent4.7% yield
▲ 0.1% 1 yr
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.