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Hermiston

Learn about the people, housing, costs and businesses in Hermiston, Oregon

Median Home$301,613
Median Rent$1,087/month
Population19,229
Leading IndustriesFinance & Insurance · Information & Media · Manufacturing11% finance & insurance
Home Value Growth+0.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners68% of occupied units
NotableAmenity Score71/100 · highly walkable area
Hermiston
OR

Frequently Asked Questions

What are today's mortgage rates in Hermiston?

As of today, the 30-year fixed mortgage rate for Hermiston is approximately 6.971% (7.010% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hermiston?

The median home value in Hermiston is $302k. The median monthly rent is $1,087. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hermiston?

Home values in Hermiston have increased 0.5% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hermiston?

Based on a typical all-in ownership cost of $1,239/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hermiston is $72k/year.

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What industries drive the economy in Hermiston?

The largest employment sectors in Hermiston are public administration (17%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.