Prineville housing market
Typical home value
$472K
▲ 0.9% 1 yr
Typical rent
$1,799/mo
▲ 3.2% 1 yr
12-month forecast
+1.2%
#379 of 546 metros
Gross rent yield
4.6%
#464 of 546 · U.S. 6.3%
Days to pending
104 days
1 yr
Listings with a price cut
27%
▼ −1.0 pts 1 yr
Key takeaways
- 1The typical home is worth $471,510, up 0.9% in a year and up 10% over five years.
- 2Zillow forecasts home values rising 1.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,799/mo (+3.2% YoY), a 4.6% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,591/mo in principal and interest, $792 more than renting.
- 5Homes go under contract in 104 days; 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 35/100, #374 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 Prineville compares
| Measure | Prineville | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +0.9% | +1.2% | #375 |
| Home value, 5-yr change | +9.6% | +19.7% | |
| 12-month forecast | +1.2% | +1.1% | #379 |
| Rent, 1-yr change | +3.2% | +2.7% | #281 |
| Gross rent yield | 4.6% | 6.3% | #464 |
| Price-to-rent ratio | 21.8 | 15.8 | |
| Mortgage P&I on typical home | $2,591 | $2,012 | |
| Days to pending | 104 | 56 |
Run the numbers
Rental property calculator
Cash flow on a typical Prineville rental ($472K, $1,799/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Prineville home.
Rent vs buy
Is it cheaper to rent or buy in Prineville?
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
$431K home$1,848 rent5.1% yield
▲ 1.1% 1 yr
Bend, OR
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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.