Market Overview
Home Prices in Rainier, OR
The median home value in Rainier, OR is $427,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Rainier are priced4% above average. Rainier is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Rainier home values have risen by approximately12.0%, reflecting steady appreciation in this market.
Price History
Rainier Home Price Trend
City Comparison
Rainier vs. National Median
At $427,699, homes in Rainier cost 4% above the national median of $410,000. Buyers in Rainier should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Rainier?
20% Down Payment
$85,540
on $427,699
Monthly P&I
$2,231/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,833/mo
incl. taxes & insurance
Income Needed
$113,320
gross annual (30% rule)
10% Down Option
$42,770
+ PMI applies
Loan Amount (20% dn)
$342,159
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 Rainier, OR?
The median home value in Rainier is $427,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Rainier?
Over the past year, home values in Rainier have increased by 0.2%. Over five years, prices have risen approximately 12.0%.
How much do I need to earn to buy a home in Rainier?
To comfortably afford the median home price of $427,699 with a 20% down payment ($85,540) at today's rates (6.8%), you'd need a gross annual income of approximately $113,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Rainier compare to the national average home price?
The national median home value is approximately $410,000. At $427,699, homes in Rainier are 4% above the national average.
What metro area is Rainier part of?
Rainier is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.