Market Overview
Home Prices in Milton Freewater, OR
The median home value in Milton Freewater, OR is $312,941 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.1% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milton Freewater are priced24% below average. Milton Freewater is part of the Hermiston-Pendleton, OR metro area.
Over the past five years, Milton Freewater home values have risen by approximately30.0%, reflecting strong long-term appreciation in this market.
Price History
Milton Freewater Home Price Trend
City Comparison
Milton Freewater vs. National Median
At $312,941, homes in Milton Freewater cost 24% below the national median of $410,000. This makes Milton Freewater a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Milton Freewater?
20% Down Payment
$62,588
on $312,941
Monthly P&I
$1,632/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,073/mo
incl. taxes & insurance
Income Needed
$82,920
gross annual (30% rule)
10% Down Option
$31,294
+ PMI applies
Loan Amount (20% dn)
$250,353
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 Milton Freewater, OR?
The median home value in Milton Freewater is $312,941 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.1% year-over-year.
How much have home prices changed in Milton Freewater?
Over the past year, home values in Milton Freewater have increased by 3.1%. Over five years, prices have risen approximately 30.0%.
How much do I need to earn to buy a home in Milton Freewater?
To comfortably afford the median home price of $312,941 with a 20% down payment ($62,588) at today's rates (6.8%), you'd need a gross annual income of approximately $82,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Milton Freewater compare to the national average home price?
The national median home value is approximately $410,000. At $312,941, homes in Milton Freewater are 24% below the national average.
What metro area is Milton Freewater part of?
Milton Freewater is part of the Hermiston-Pendleton, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.