Market Overview
Home Prices in Gates, OR
The median home value in Gates, OR is $475,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and up 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gates are priced16% above average. Gates is part of the Albany-Lebanon, OR metro area.
Over the past five years, Gates home values have risen by approximately15.9%, reflecting steady appreciation in this market.
Price History
Gates Home Price Trend
2020
$336,179
$336K
—
2021
$409,996
$410K
+22.0%
2022
$460,545
$461K
+12.3%
2023
$438,491
$438K
-4.8%
2024
$440,882
$441K
+0.5%
2025
$452,034
$452K
+2.5%
2026
$475,217
$475K
+5.1%
City Comparison
Gates vs. National Median
🏠 Gates
$475,217
National Median
$410,000
At $475,217, homes in Gates cost 16% above the national median of $410,000. Buyers in Gates should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gates?
20% Down Payment
$95,043
on $475,217
Monthly P&I
$2,478/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,147/mo
incl. taxes & insurance
Income Needed
$125,880
gross annual (30% rule)
10% Down Option
$47,522
+ PMI applies
Loan Amount (20% dn)
$380,174
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 Gates, OR?
The median home value in Gates is $475,217 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Gates?
Over the past year, home values in Gates have increased by 5.1%. Over five years, prices have risen approximately 15.9%.
How much do I need to earn to buy a home in Gates?
To comfortably afford the median home price of $475,217 with a 20% down payment ($95,043) at today's rates (6.8%), you'd need a gross annual income of approximately $125,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Gates compare to the national average home price?
The national median home value is approximately $410,000. At $475,217, homes in Gates are 16% above the national average.
What metro area is Gates part of?
Gates is part of the Albany-Lebanon, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.