Market Overview
Home Prices in Canyon City, OR
The median home value in Canyon City, OR is $326,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Canyon City are priced20% below average.
Over the past five years, Canyon City home values have risen by approximately34.0%, reflecting strong long-term appreciation in this market.
Price History
Canyon City Home Price Trend
2020
$208,873
$209K
—
2021
$243,573
$244K
+16.6%
2022
$294,641
$295K
+21.0%
2023
$296,876
$297K
+0.8%
2024
$292,166
$292K
-1.6%
2025
$307,461
$307K
+5.2%
2026
$326,397
$326K
+6.2%
City Comparison
Canyon City vs. National Median
🏠 Canyon City
$326,397
National Median
$410,000
At $326,397, homes in Canyon City cost 20% below the national median of $410,000. This makes Canyon City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Canyon City?
20% Down Payment
$65,279
on $326,397
Monthly P&I
$1,702/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,162/mo
incl. taxes & insurance
Income Needed
$86,480
gross annual (30% rule)
10% Down Option
$32,640
+ PMI applies
Loan Amount (20% dn)
$261,118
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 Canyon City, OR?
The median home value in Canyon City is $326,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Canyon City?
Over the past year, home values in Canyon City have increased by 6.2%. Over five years, prices have risen approximately 34.0%.
How much do I need to earn to buy a home in Canyon City?
To comfortably afford the median home price of $326,397 with a 20% down payment ($65,279) at today's rates (6.8%), you'd need a gross annual income of approximately $86,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Canyon City compare to the national average home price?
The national median home value is approximately $410,000. At $326,397, homes in Canyon City are 20% below the national average.