Market Overview
Home Prices in Hermiston, OR
The median home value in Hermiston, OR is $347,438 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hermiston are priced15% below average. Hermiston is part of the Hermiston-Pendleton, OR metro area.
Over the past five years, Hermiston home values have risen by approximately22.3%, reflecting strong long-term appreciation in this market.
Price History
Hermiston Home Price Trend
City Comparison
Hermiston vs. National Median
At $347,438, homes in Hermiston cost 15% below the national median of $410,000. This makes Hermiston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hermiston?
20% Down Payment
$69,488
on $347,438
Monthly P&I
$1,812/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,301/mo
incl. taxes & insurance
Income Needed
$92,040
gross annual (30% rule)
10% Down Option
$34,744
+ PMI applies
Loan Amount (20% dn)
$277,950
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 Hermiston, OR?
The median home value in Hermiston is $347,438 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Hermiston?
Over the past year, home values in Hermiston have increased by 0.9%. Over five years, prices have risen approximately 22.3%.
How much do I need to earn to buy a home in Hermiston?
To comfortably afford the median home price of $347,438 with a 20% down payment ($69,488) at today's rates (6.8%), you'd need a gross annual income of approximately $92,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Hermiston compare to the national average home price?
The national median home value is approximately $410,000. At $347,438, homes in Hermiston are 15% below the national average.
What metro area is Hermiston part of?
Hermiston is part of the Hermiston-Pendleton, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.