Market Overview
Home Prices in Crescent, OR
The median home value in Crescent, OR is $271,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Crescent are priced34% below average. Crescent is part of the Klamath Falls, OR metro area.
Over the past five years, Crescent home values have risen by approximately32.1%, reflecting strong long-term appreciation in this market.
Price History
Crescent Home Price Trend
City Comparison
Crescent vs. National Median
At $271,114, homes in Crescent cost 34% below the national median of $410,000. This makes Crescent a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Crescent?
20% Down Payment
$54,223
on $271,114
Monthly P&I
$1,414/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,796/mo
incl. taxes & insurance
Income Needed
$71,840
gross annual (30% rule)
10% Down Option
$27,111
+ PMI applies
Loan Amount (20% dn)
$216,891
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 Crescent, OR?
The median home value in Crescent is $271,114 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Crescent?
Over the past year, home values in Crescent have decreased by 0.6%. Over five years, prices have risen approximately 32.1%.
How much do I need to earn to buy a home in Crescent?
To comfortably afford the median home price of $271,114 with a 20% down payment ($54,223) at today's rates (6.8%), you'd need a gross annual income of approximately $71,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Crescent compare to the national average home price?
The national median home value is approximately $410,000. At $271,114, homes in Crescent are 34% below the national average.
What metro area is Crescent part of?
Crescent is part of the Klamath Falls, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.