Market Overview
Home Prices in Deer Island, OR
The median home value in Deer Island, OR is $544,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Deer Island are priced33% above average. Deer Island is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Deer Island home values have risen by approximately9.4%, reflecting steady appreciation in this market.
Price History
Deer Island Home Price Trend
City Comparison
Deer Island vs. National Median
At $544,858, homes in Deer Island cost 33% above the national median of $410,000. Buyers in Deer Island should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Deer Island?
20% Down Payment
$108,972
on $544,858
Monthly P&I
$2,842/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,609/mo
incl. taxes & insurance
Income Needed
$144,360
gross annual (30% rule)
10% Down Option
$54,486
+ PMI applies
Loan Amount (20% dn)
$435,886
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 Deer Island, OR?
The median home value in Deer Island is $544,858 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Deer Island?
Over the past year, home values in Deer Island have decreased by 0.7%. Over five years, prices have risen approximately 9.4%.
How much do I need to earn to buy a home in Deer Island?
To comfortably afford the median home price of $544,858 with a 20% down payment ($108,972) at today's rates (6.8%), you'd need a gross annual income of approximately $144,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Deer Island compare to the national average home price?
The national median home value is approximately $410,000. At $544,858, homes in Deer Island are 33% above the national average.
What metro area is Deer Island part of?
Deer Island is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.