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Polk County, OR

Salem

RANK #531 / 996 NAT  ·  #7 / 18 OR  ·  POP 87,600

1YR FORECAST: -0.1%

5YR OUTLOOK: +23%

#13 Highest GDP Growth #13 Most Overvalued
Polk County's housing market is projected to grow -0.1% over the next year, below the national average.

[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] Top Employers

  1. 1
    State of Oregon Government
    25,000+
  2. 2
    Salem Health Healthcare
    2,500+
  3. 3
    Polk County Government Government
    250+
  4. 4
    Western Oregon University Education
  5. 5
    Confederated Tribes of Grand Ronde (Spirit Mountain Casino) Hospitality
  6. 6
    Meduri Farms Manufacturing
  7. 7
    James W. Fowler Co. Other
  8. 8
    OpenRoad Logistics

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
31.0%
of residents (national avg: 33%)

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 →

[05] Crime & Safety

A
SAFETY
GRADE
Homicide Rate
1.7
per 100K · nat avg 6.3
Firearm Fatalities
11.6
per 100K · nat avg 14.8
Injury Deaths
83.4
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[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 scores 46/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#531). Median household income is $77,353 and job growth is running at +1.1%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Polk County affordable?

Polk County leans toward the expensive side. A median home value of $382,200 against an income-to-home-value ratio of 0.20 means housing eats a bigger share of local earnings than the national norm. Renters face $1,219/month on average.

Is Polk County growing or shrinking?

Polk County is growing on multiple fronts. Population is up +1.4% year-over-year while employers added jobs at a +1.1% clip. Home values shifted +0.8% in the past year.

Are people moving to Polk County?

In significant numbers — 7.28% of Polk County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[08] Similar Counties by Size & Score

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