Market Overview
Home Prices in Philomath, OR
The median home value in Philomath, OR is $530,223 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Philomath are priced29% above average. Philomath is part of the Corvallis, OR metro area.
Over the past five years, Philomath home values have risen by approximately20.5%, reflecting strong long-term appreciation in this market.
Price History
Philomath Home Price Trend
City Comparison
Philomath vs. National Median
At $530,223, homes in Philomath cost 29% above the national median of $410,000. Buyers in Philomath should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Philomath?
20% Down Payment
$106,045
on $530,223
Monthly P&I
$2,765/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,512/mo
incl. taxes & insurance
Income Needed
$140,480
gross annual (30% rule)
10% Down Option
$53,022
+ PMI applies
Loan Amount (20% dn)
$424,178
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 Philomath, OR?
The median home value in Philomath is $530,223 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Philomath?
Over the past year, home values in Philomath have decreased by 0.4%. Over five years, prices have risen approximately 20.5%.
How much do I need to earn to buy a home in Philomath?
To comfortably afford the median home price of $530,223 with a 20% down payment ($106,045) at today's rates (6.8%), you'd need a gross annual income of approximately $140,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Philomath compare to the national average home price?
The national median home value is approximately $410,000. At $530,223, homes in Philomath are 29% above the national average.
What metro area is Philomath part of?
Philomath is part of the Corvallis, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.