Market Overview
Home Prices in Madras, OR
The median home value in Madras, OR is $362,981 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.4% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Madras are priced11% below average.
Over the past five years, Madras home values have risen by approximately19.7%, reflecting steady appreciation in this market.
Price History
Madras Home Price Trend
2020
$241,027
$241K
—
2021
$303,198
$303K
+25.8%
2022
$360,090
$360K
+18.8%
2023
$350,486
$350K
-2.7%
2024
$357,555
$358K
+2.0%
2025
$361,633
$362K
+1.1%
2026
$362,981
$363K
+0.4%
City Comparison
Madras vs. National Median
🏠 Madras
$362,981
National Median
$410,000
At $362,981, homes in Madras cost 11% below the national median of $410,000. This makes Madras a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Madras?
20% Down Payment
$72,596
on $362,981
Monthly P&I
$1,893/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,404/mo
incl. taxes & insurance
Income Needed
$96,160
gross annual (30% rule)
10% Down Option
$36,298
+ PMI applies
Loan Amount (20% dn)
$290,385
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 Madras, OR?
The median home value in Madras is $362,981 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 Madras?
Over the past year, home values in Madras have increased by 0.4%. Over five years, prices have risen approximately 19.7%.
How much do I need to earn to buy a home in Madras?
To comfortably afford the median home price of $362,981 with a 20% down payment ($72,596) at today's rates (6.8%), you'd need a gross annual income of approximately $96,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Madras compare to the national average home price?
The national median home value is approximately $410,000. At $362,981, homes in Madras are 11% below the national average.