Markets/Oregon/The Dalles

The Dalles, OR Real Estate Market 2026

Investor-grade market analytics for The Dalles, Oregon. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$403,913

+2.7% year-over-year

Est. Rental Yield

4.8%

gross annual

12-Month Forecast

+2.7%

base case (Zillow ZHVF)

+2.7% year-over-year

Climate Risk

25/100

Low

Market Momentum

➡️
Neutral
3.2mo supply · Score 0/7

Net migration: Top 35% nationally

Income Migration

💰 Wealth Influx1.16x

In-migrants avg $70,817 AGI vs out-migrants $61,210

🏛️

Opportunity Zone Market

2 ZIP codes in The Dalles are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

The Dalles Market Summary

The Dalles, OR shows steady growth at 2.7% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability pressure is significant: the price-to-income ratio of 6.35x well exceeds the national average of 4.8x. Modest net positive migration (+62 returns/year) provides steady demand support. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 4.82% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score52/100
Price-to-Income Ratio6.3x (national avg 4.8x)
Median Household Income$63,602

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.3%
Base Case+2.7%
Bull Case+4.0%

Climate & Natural Hazard Risk

The Dalles, OR's primary climate exposure is wildfire (70/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full The Dalles dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.