Market Overview
Home Prices in Bly, OR
The median home value in Bly, OR is $198,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and down 7.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bly are priced52% below average. Bly is part of the Klamath Falls, OR metro area.
Over the past five years, Bly home values have risen by approximately1.6%, reflecting modest growth in this market.
Price History
Bly Home Price Trend
2020
$148,204
$148K
—
2021
$195,194
$195K
+31.7%
2022
$221,135
$221K
+13.3%
2023
$216,716
$217K
-2.0%
2024
$218,894
$219K
+1.0%
2025
$202,809
$203K
-7.3%
2026
$198,381
$198K
-2.2%
City Comparison
Bly vs. National Median
🏠 Bly
$198,381
National Median
$410,000
At $198,381, homes in Bly cost 52% below the national median of $410,000. This makes Bly a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bly?
20% Down Payment
$39,676
on $198,381
Monthly P&I
$1,035/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,314/mo
incl. taxes & insurance
Income Needed
$52,560
gross annual (30% rule)
10% Down Option
$19,838
+ PMI applies
Loan Amount (20% dn)
$158,705
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 Bly, OR?
The median home value in Bly is $198,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Bly?
Over the past year, home values in Bly have decreased by 2.2%. Over five years, prices have risen approximately 1.6%.
How much do I need to earn to buy a home in Bly?
To comfortably afford the median home price of $198,381 with a 20% down payment ($39,676) at today's rates (6.8%), you'd need a gross annual income of approximately $52,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Bly compare to the national average home price?
The national median home value is approximately $410,000. At $198,381, homes in Bly are 52% below the national average.
What metro area is Bly part of?
Bly is part of the Klamath Falls, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.