Market Overview
Home Prices in Island City, OR
The median home value in Island City, OR is $367,096 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Island City are priced10% below average. Island City is part of the La Grande, OR metro area.
Over the past five years, Island City home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Island City Home Price Trend
City Comparison
Island City vs. National Median
At $367,096, homes in Island City cost 10% below the national median of $410,000. This makes Island City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Island City?
20% Down Payment
$73,419
on $367,096
Monthly P&I
$1,915/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,432/mo
incl. taxes & insurance
Income Needed
$97,280
gross annual (30% rule)
10% Down Option
$36,710
+ PMI applies
Loan Amount (20% dn)
$293,677
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 Island City, OR?
The median home value in Island City is $367,096 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Island City?
Over the past year, home values in Island City have increased by 6.3%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Island City?
To comfortably afford the median home price of $367,096 with a 20% down payment ($73,419) at today's rates (6.8%), you'd need a gross annual income of approximately $97,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Island City compare to the national average home price?
The national median home value is approximately $410,000. At $367,096, homes in Island City are 10% below the national average.
What metro area is Island City part of?
Island City is part of the La Grande, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.