SEVERE WX : Red Flag Warning View Alerts
STREAMING NOW: Watch Now

Average Rogue Valley Home Prices Rise to $265K

In 2007 the housing market in Jackson County reached it's peak before the crash in 2008. Over the next 10 years median home prices took a big hit.

Posted: Jan 9, 2018 5:53 PM
Updated: Jan 9, 2018 5:54 PM

MEDFORD, Ore.- In 2017 $1.2 billion worth of homes were sold in Jackson County. Right now interest rates are hovering around 4% for a conventional 30 year mortgage. But the bad news is there isn't enough inventory to meet the demand.

Realtors are preparing for housing prices to continue to rise in 2018. This is making it harder for buyers to purchase a home in the price range they can afford.

Colin Mulane with the Rogue Valley Association of Realtors says, "It's coming to a loggerhead, the tenants are frustrated, buyers are frustrated, and there is no easy answer it's difficult to interfere in the market that actually sounds the problem."

In 2007 the average home price in the valley was around $265,000. It took a big dip in the last decade getting as low as $165,000 in 2012. In the last five years, previously owned home prices have risen by 60%. Today the average home in the Rogue Valley will cost you $265,000. 

To date, the Rogue Valley Association of Realtors say it's granted $125,000 to 125 different home buyers in the Rogue Valley.
To find out how to apply you can visit their website roguevalleyrealtors.org 

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 42436

Reported Deaths: 655
CountyConfirmedDeaths
Multnomah9228160
Marion5858108
Washington579076
Umatilla335444
Clackamas313965
Lane239227
Malheur191738
Jackson16846
Deschutes113213
Yamhill99415
Linn81015
Polk65415
Jefferson6049
Morrow5456
Lincoln51713
Union4672
Benton4426
Klamath4113
Douglas3506
Wasco34715
Hood River2771
Josephine2673
Columbia2661
Coos2460
Clatsop2430
Baker1203
Crook1092
Tillamook700
Curry571
Wallowa442
Lake370
Harney230
Sherman190
Gilliam110
Grant110
Wheeler10
Unassigned00

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 910438

Reported Deaths: 17386
CountyConfirmedDeaths
Los Angeles3006147000
Riverside667321295
San Bernardino627741072
Orange587251447
San Diego54941870
Kern33881416
Fresno30858436
Sacramento25445484
Santa Clara24313388
Alameda23391461
San Joaquin21630489
Contra Costa18694242
Stanislaus17686397
Tulare17495286
Ventura14300164
Imperial12882336
San Francisco12152140
Monterey1139991
San Mateo11149159
Santa Barbara9814120
Merced9465155
Sonoma9402136
Kings824683
Solano738476
Marin7089128
Madera502074
Placer417857
San Luis Obispo414132
Yolo320759
Butte308752
Santa Cruz280225
Napa196215
Shasta188930
Sutter183712
San Benito144215
El Dorado13284
Yuba129310
Mendocino112921
Tehama8808
Lassen7661
Lake69515
Glenn6573
Nevada6168
Humboldt56710
Colusa5506
Calaveras34218
Amador33016
Tuolumne2714
Inyo22715
Siskiyou1930
Mono1802
Del Norte1781
Mariposa782
Plumas680
Modoc290
Trinity260
Sierra60
Alpine30
Unassigned00
Medford
Clear
34° wxIcon
Hi: 74° Lo: 36°
Feels Like: 30°
Brookings
Clear
55° wxIcon
Hi: 75° Lo: 53°
Feels Like: 55°
Crater Lake
Clear
22° wxIcon
Hi: 65° Lo: 30°
Feels Like: 22°
Grants Pass
Clear
30° wxIcon
Hi: 73° Lo: 34°
Feels Like: 30°
Klamath Falls
Clear
22° wxIcon
Hi: 64° Lo: 24°
Feels Like: 22°
Cold morning, mild afternoon
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events