Markets/Oregon/Hermiston-Pendleton

Hermiston-Pendleton, OR Real Estate Market 2026

Investor-grade market analytics for Hermiston-Pendleton, Oregon. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$301,712

+2.0% year-over-year

Est. Rental Yield

5.9%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

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Neutral
3.9mo supply ยท Score -1/7

Migration: Top 79% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.88x

In-migrants avg $46,235 AGI vs out-migrants $52,830

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Opportunity Zone Market

6 ZIP codes in Hermiston-Pendleton are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Hermiston-Pendleton Market Summary

Hermiston-Pendleton, OR shows steady growth at 2.0% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 4.37x, below the national average of 4.8x. Climate risk remains low (30/100), favorable for long-term investment stability. Rental yield of 5.87% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score80/100
Price-to-Income Ratio4.4x (national avg 4.8x)
Median Household Income$69,037

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Hermiston-Pendleton, OR's primary climate exposure is wildfire (50/100). The composite climate risk score of 30/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Hermiston-Pendleton dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.