Market Overview
Home Prices in Powell Butte, OR
The median home value in Powell Butte, OR is $1,026,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Powell Butte are priced150% above average. Powell Butte is part of the Prineville, OR metro area.
Over the past five years, Powell Butte home values have risen by approximately20.7%, reflecting strong long-term appreciation in this market.
Price History
Powell Butte Home Price Trend
City Comparison
Powell Butte vs. National Median
At $1,026,394, homes in Powell Butte cost 150% above the national median of $410,000. Buyers in Powell Butte should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Powell Butte?
20% Down Payment
$205,279
on $1,026,394
Monthly P&I
$5,353/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,798/mo
incl. taxes & insurance
Income Needed
$271,920
gross annual (30% rule)
10% Down Option
$102,639
+ PMI applies
Loan Amount (20% dn)
$821,115
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 Powell Butte, OR?
The median home value in Powell Butte is $1,026,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Powell Butte?
Over the past year, home values in Powell Butte have decreased by 2.1%. Over five years, prices have risen approximately 20.7%.
How much do I need to earn to buy a home in Powell Butte?
To comfortably afford the median home price of $1,026,394 with a 20% down payment ($205,279) at today's rates (6.8%), you'd need a gross annual income of approximately $271,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Powell Butte compare to the national average home price?
The national median home value is approximately $410,000. At $1,026,394, homes in Powell Butte are 150% above the national average.
What metro area is Powell Butte part of?
Powell Butte is part of the Prineville, OR metropolitan area. Home prices and market conditions can vary across the broader metro region.