Rental numbers for the Hermiston, OR metro
The typical home here runs -$888 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.2%.
- Gross yield
- 6.0%
- typical home, Zillow
- Median ZIP yield
- 6.2%
- 4 ZIPs with full data
- Cash flow
- -$888/mo
- at 7.78%, 25% down
- Typical price
- $314,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,579/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
13 with published figures
| 97818Boardman | $339,000 | $2,035 | 7.2% | 4.2% | -$634 | n/a |
| 97886Weston | $281,000 | $1,530* | 6.5% | 3.5% | -$683 | n/a |
| 97882Umatilla | $296,000 | $1,588 | 6.4% | 3.4% | -$754 | n/a |
| 97868Pilot Rock | $247,000 | $1,240* | 6.0% | 3.0% | -$721 | n/a |
| 97838Hermiston | $347,000 | $1,708 | 5.9% | 2.8% | -$1,059 | n/a |
| 97801Pendleton | $300,000 | $1,422 | 5.7% | 2.6% | -$969 | -0.9% |
| 97875Stanfield | $293,000 | $1,330* | 5.4% | 2.6% | -$936 | n/a |
| 97836Heppner | $253,000 | $1,120* | 5.3% | 2.3% | -$877 | n/a |
| 97826Echo | $307,000 | $1,200* | 4.7% | 2.0% | -$1,143 | n/a |
| 97813Athena | $290,000 | $1,060* | 4.4% | 1.4% | -$1,215 | n/a |
| 97862Milton Freewater | $312,000 | $1,100* | 4.2% | 1.6% | -$1,265 | n/a |
| 97810Pendleton | $366,000 | $1,270* | 4.2% | 1.4% | -$1,536 | n/a |
| 97844Irrigon | $318,000 | $1,020* | 3.8% | 1.1% | -$1,426 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.5%
- Rent, 12 months
- +1.5%
- Rent minus price growth
- -0.9 pts
- Property tax
- 0.81%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $260,355 | n/a |
| Aug 2022 | $298,341 | n/a |
| Aug 2023 | $294,877 | $1,477 |
| Aug 2024 | $298,556 | $1,505 |
| Aug 2025 | $306,613 | $1,555 |
| Aug 2026 | $314,196 | $1,579 |
Counties
- Umatilla County, OR5.9% median yield
- Morrow County, OR7.2% median yield
Tools
Questions
- Is the Hermiston, OR metro good for rental property?
- The typical home here runs -$888 a month at 7.78% with 25% down, breaking even at about 1.4%. 0 of 4 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.2%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Hermiston, OR metro have the highest rental yield?
- 97818 (Boardman) at 7.2%, 97882 (Umatilla) at 6.4%, 97838 (Hermiston) at 5.9%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.