Market Overview
Home Prices in Merlin, OR
The median home value in Merlin, OR is $484,237 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Merlin are priced18% above average. Merlin is part of the Grants Pass, OR metro area.
Over the past five years, Merlin home values have risen by approximately3.7%, reflecting modest growth in this market.
Price History
Merlin Home Price Trend
2020
$380,647
$381K
—
2021
$466,907
$467K
+22.7%
2022
$513,737
$514K
+10.0%
2023
$479,293
$479K
-6.7%
2024
$482,073
$482K
+0.6%
2025
$483,015
$483K
+0.2%
2026
$484,237
$484K
+0.3%
City Comparison
Merlin vs. National Median
🏠 Merlin
$484,237
National Median
$410,000
At $484,237, homes in Merlin cost 18% above the national median of $410,000. Buyers in Merlin should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Merlin?
20% Down Payment
$96,847
on $484,237
Monthly P&I
$2,525/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,207/mo
incl. taxes & insurance
Income Needed
$128,280
gross annual (30% rule)
10% Down Option
$48,424
+ PMI applies
Loan Amount (20% dn)
$387,390
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 Merlin, OR?
The median home value in Merlin is $484,237 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Merlin?
Over the past year, home values in Merlin have increased by 0.3%. Over five years, prices have risen approximately 3.7%.
How much do I need to earn to buy a home in Merlin?
To comfortably afford the median home price of $484,237 with a 20% down payment ($96,847) at today's rates (6.8%), you'd need a gross annual income of approximately $128,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Merlin compare to the national average home price?
The national median home value is approximately $410,000. At $484,237, homes in Merlin are 18% above the national average.
What metro area is Merlin part of?
Merlin is part of the Grants Pass, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.