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Polk County, OR

RANK #694 / 996  ·  POP 87,600  ·  OR

PROJECTED GROWTH: +0.0%

Polk County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Polk County?

Polk County, Oregon, distinguishes itself with the historic town of Independence, once the final destination for early wagon trains on the Oregon Trail. Located in the Willamette Valley, approximately 15 miles west of Salem, the county offers a blend of rural landscapes and small-town living. Residents have access to outdoor recreation, including riverfront parks, island trails, and old-growth forests, particularly along the Willamette River and its tributaries. Popular spots include Minto-Brown Island Park and the Valley of the Giants Outstanding Natural Area. The climate provides four distinct seasons with an average of 222 days of sunshine annually.

Life in Polk County often involves a commute, with the average resident spending about 25.3 minutes driving to work, though public transit options like Cherriots Regional connect towns such as Dallas, Monmouth, and Independence to Salem. Western Oregon University in Monmouth contributes to the area's educational landscape and provides employment. The economy is supported by agriculture, particularly fruit, nuts, and hops, alongside a focus on value-added agricultural products. Efforts are also underway to enhance tourism, especially agri-tourism, and to improve infrastructure, including transportation access and broadband internet.

[02] Market Snapshot

Housing Ratio
13.6x

Overvalued relative to economy

GDP Growth
+10.7%

Well above national median

Home Prices
+0.8%

Below national median

Climate & Terrain
3.3

Favorable climate & terrain

Price/Rent
18x

Above national median (13x)

Housing looks overvalued at 13.6x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Polk County U.S. National

The Numbers

DEMOGRAPHICS
Population
87,600
+1.45% YoY
Median Household Income
$77,353
Median Home Value
$382,200
+0.79% 12mo
Median Rent
$1,219
Average Annual Pay
$52,263
+5.8% YoY
Employment
21,937
+1.1% YoY
Income-to-Home-Value
0.2024
Near national average
Migration Inflow
7.28%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$442,500
Days on Market
103
Slower market
Months of Supply
4.9
Balanced market
Sale-to-List Ratio
99.5%
Near asking price
Sold Above List
27.5%
Listings w/ Price Drops
23.8%
Building Permits (2024)
177
Single-Family Permits
151

Source: Redfin · Census BPS — Browse sales on Redfin →

[06] Score Breakdown

GDP Growth +10.7% 99 percentile
Population Growth +1.4% 82 percentile
Income Growth +10.1% 81 percentile
Vacancy Rate 0.7% 80 percentile
Home Price Change +0.8% 42 percentile
Rent Growth +3.0% 50 percentile
Price/Rent 18x 13 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Polk County, OR a good place to move to?

Polk County has a Boom Town Index score of 30/100, ranking #694 among 996 U.S. counties. With job growth at +1.1% and a median household income of $77,353, it faces some economic headwinds compared to faster-growing counties.

Is Polk County affordable?

The median home value in Polk County is $382,200 with median rent at $1,219/month. The income-to-home-value ratio is 0.2024, which is less affordable than the national average.

Is Polk County growing or shrinking?

Population growth: +1.4% year-over-year. Job growth: +1.1%. Home values changed +0.8% in the past 12 months.

Are people moving to Polk County?

Yes — 7.28% of Polk County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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