Market Overview
Home Prices in Alsea, OR
The median home value in Alsea, OR is $475,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alsea are priced16% above average. Alsea is part of the Corvallis, OR metro area.
Over the past five years, Alsea home values have risen by approximately11.9%, reflecting steady appreciation in this market.
Price History
Alsea Home Price Trend
2020
$370,401
$370K
—
2021
$425,363
$425K
+14.8%
2022
$478,233
$478K
+12.4%
2023
$482,955
$483K
+1.0%
2024
$471,704
$472K
-2.3%
2025
$480,874
$481K
+1.9%
2026
$475,967
$476K
-1.0%
City Comparison
Alsea vs. National Median
🏠 Alsea
$475,967
National Median
$410,000
At $475,967, homes in Alsea cost 16% above the national median of $410,000. Buyers in Alsea should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Alsea?
20% Down Payment
$95,193
on $475,967
Monthly P&I
$2,482/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,152/mo
incl. taxes & insurance
Income Needed
$126,080
gross annual (30% rule)
10% Down Option
$47,597
+ PMI applies
Loan Amount (20% dn)
$380,774
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alsea, OR?
The median home value in Alsea is $475,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1% year-over-year.
How much have home prices changed in Alsea?
Over the past year, home values in Alsea have decreased by 1%. Over five years, prices have risen approximately 11.9%.
How much do I need to earn to buy a home in Alsea?
To comfortably afford the median home price of $475,967 with a 20% down payment ($95,193) at today's rates (6.8%), you'd need a gross annual income of approximately $126,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Alsea compare to the national average home price?
The national median home value is approximately $410,000. At $475,967, homes in Alsea are 16% above the national average.
What metro area is Alsea part of?
Alsea is part of the Corvallis, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.