Condo Foreclosures in Eugene, OR 97405

Current Market Conditions in Eugene, OR

The real estate market in Eugene has shown robust growth over the past year, with demand for housing increasing due to its desirable living conditions and proximity to the University of Oregon. The city continues to attract young professionals and families, driving up home prices and reducing inventory.

Rising interest rates have resulted in fewer buyers entering the market compared to previous years, creating a slight adjustment to the rapid price increases seen earlier. However, the long-term trend remains positive, with forecasts indicating continued appreciation in property values as the city's economy grows.

Rent Prices In Eugene, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Eugene, OR, is on a rollercoaster ride. The average rent price in Eugene, OR, is $1,330.00. Indeed, when looking to rent in Eugene, OR, you can expect to pay as little as $540.00 or as much as $3,760.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Eugene, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.