Markets/Oregon/The Dalles

The Dalles, OR Real Estate Market 2026

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

Median Home Price

$388,126

+1.8% year-over-year

Est. Rental Yield

5.3%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

๐ŸงŠ
Cold
11mo supply ยท Score -4/7

Migration: Top 35% nationally

Income Migration

๐Ÿ’ฐ Wealth Influx1.16x

In-migrants avg $70,817 AGI vs out-migrants $61,210

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Opportunity Zone Market

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

The Dalles Market Summary

The Dalles, OR is in a stabilization phase with 1.8% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 6.1x well exceeds the national average of 4.8x. Modest net positive migration (+62 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 5.26% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score56/100
Price-to-Income Ratio6.1x (national avg 4.8x)
Median Household Income$63,602

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

The Dalles, OR's primary climate exposure is wildfire (70/100). The composite climate risk score of 25/100 (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 The Dalles dataset

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