Market Overview
Home Prices in Wallowa, OR
The median home value in Wallowa, OR is $328,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.7% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wallowa are priced20% below average.
Over the past five years, Wallowa home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Wallowa Home Price Trend
2020
$214,471
$214K
—
2021
$262,149
$262K
+22.2%
2022
$307,269
$307K
+17.2%
2023
$312,269
$312K
+1.6%
2024
$317,727
$318K
+1.7%
2025
$326,148
$326K
+2.7%
2026
$328,323
$328K
+0.7%
City Comparison
Wallowa vs. National Median
🏠 Wallowa
$328,323
National Median
$410,000
At $328,323, homes in Wallowa cost 20% below the national median of $410,000. This makes Wallowa a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wallowa?
20% Down Payment
$65,665
on $328,323
Monthly P&I
$1,712/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,174/mo
incl. taxes & insurance
Income Needed
$86,960
gross annual (30% rule)
10% Down Option
$32,832
+ PMI applies
Loan Amount (20% dn)
$262,658
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 Wallowa, OR?
The median home value in Wallowa is $328,323 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.7% year-over-year.
How much have home prices changed in Wallowa?
Over the past year, home values in Wallowa have increased by 0.7%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Wallowa?
To comfortably afford the median home price of $328,323 with a 20% down payment ($65,665) at today's rates (6.8%), you'd need a gross annual income of approximately $86,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Wallowa compare to the national average home price?
The national median home value is approximately $410,000. At $328,323, homes in Wallowa are 20% below the national average.