Market Overview
Home Prices in Gearhart, OR
The median home value in Gearhart, OR is $624,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gearhart are priced52% above average. Gearhart is part of the Astoria, OR metro area.
Over the past five years, Gearhart home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Gearhart Home Price Trend
City Comparison
Gearhart vs. National Median
At $624,538, homes in Gearhart cost 52% above the national median of $410,000. Buyers in Gearhart should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gearhart?
20% Down Payment
$124,908
on $624,538
Monthly P&I
$3,257/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,136/mo
incl. taxes & insurance
Income Needed
$165,440
gross annual (30% rule)
10% Down Option
$62,454
+ PMI applies
Loan Amount (20% dn)
$499,630
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 Gearhart, OR?
The median home value in Gearhart is $624,538 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.4% year-over-year.
How much have home prices changed in Gearhart?
Over the past year, home values in Gearhart have increased by 0.4%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Gearhart?
To comfortably afford the median home price of $624,538 with a 20% down payment ($124,908) at today's rates (6.8%), you'd need a gross annual income of approximately $165,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Gearhart compare to the national average home price?
The national median home value is approximately $410,000. At $624,538, homes in Gearhart are 52% above the national average.
What metro area is Gearhart part of?
Gearhart is part of the Astoria, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.