Market Overview
Home Prices in McMinnville, OR
The median home value in McMinnville, OR is $489,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.5% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in McMinnville are priced19% above average. McMinnville is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, McMinnville home values have risen by approximately9.4%, reflecting steady appreciation in this market.
Price History
McMinnville Home Price Trend
City Comparison
McMinnville vs. National Median
At $489,473, homes in McMinnville cost 19% above the national median of $410,000. Buyers in McMinnville should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in McMinnville?
20% Down Payment
$97,895
on $489,473
Monthly P&I
$2,553/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,242/mo
incl. taxes & insurance
Income Needed
$129,680
gross annual (30% rule)
10% Down Option
$48,947
+ PMI applies
Loan Amount (20% dn)
$391,578
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 McMinnville, OR?
The median home value in McMinnville is $489,473 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.5% year-over-year.
How much have home prices changed in McMinnville?
Over the past year, home values in McMinnville have decreased by 1.5%. Over five years, prices have risen approximately 9.4%.
How much do I need to earn to buy a home in McMinnville?
To comfortably afford the median home price of $489,473 with a 20% down payment ($97,895) at today's rates (6.8%), you'd need a gross annual income of approximately $129,680. This assumes keeping total housing costs at or below 30% of gross income.
How does McMinnville compare to the national average home price?
The national median home value is approximately $410,000. At $489,473, homes in McMinnville are 19% above the national average.
What metro area is McMinnville part of?
McMinnville is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.