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City · 5,642 residents · Benton County, Oregon

Philomath , Oregon

In Philomath, a typical home is worth $421,300 and typical rent is $1,477 a month. Compared with all of Benton County, the typical home value is 18% lower, typical household income is 8% higher, and the share of households that own their home is 11 points higher.

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  • Typical home value

    $421,300

    18% below the county

    12% below Oregon

    • Philomath
    • Benton
    • Oregon

  • Typical rent

    $1,477a month

    5% above the county

    3% below Oregon

    • Philomath
    • Benton
    • Oregon

  • Typical household income

    $83,672a year

    8% above the county

    About the same as Oregon

    • Philomath
    • Benton
    • Oregon

  • Households that own their home

    68%

    11 points above the county

    5 points above Oregon

    • Philomath
    • Benton
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$522,166
0.6% more than 12 months ago
Typical rent
$1,974 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Philomath is in Benton County. The FHA loan limit ($615,250 for a one-unit home), the fair market rents and the help on this page are those of all of Benton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Philomath apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Monmouth, the typical rent is $1,114: 25% less than in Philomath ($1,477).

  2. Nearby, in Lebanon, the typical home value is $336,800: 20% less than in Philomath ($421,300).

  3. The typical home in Philomath is worth $421,300, 18% less than in Benton County as a whole ($513,000).

  4. 68% of households in Philomath own their home, against 57% in Benton County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Philomath

What homes there are in Philomath, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Philomath: 59% of homes, near the figure in Benton County (59%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,990 a month

Benton County: $2,147 a month

Owners with a mortgage

68%

Benton County: 57%

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Philomath rose 72%; in Benton County, it rose 55%.

Rents in Philomath rose faster than in Benton County: 64% since 2015–2019, against 30%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePhilomathBenton CountyOregonUnited States
Rental vacancy Unreliable estimate4.3%4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room Unreliable estimate1.6%3.2%3.4%
People per household 2.242.322.422.53
Drive alone 71%59%65%69%
Carpool Unreliable estimate7%9%9%
Public transit Unreliable estimate1%2%3%
Walk or bike 8%11%5%3%
Work from home 12%20%19%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

A household in Philomath has 2.24 people on average, about the same as in Benton County (2.32).

To get to work, 71% of workers in Philomath drive alone; in Benton County, 59%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Philomath?

A typical home costs more than the typical income allows

We start with a typical home in Philomath, worth $421,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Philomath, which is $83,672 a year. For that payment to be 28% of income, a household would need to earn about $150,054 a year.

The calculator's FHA and conventional loan limits are those of all of Benton County.

Your numbers

Local data
$

Starts at the typical home value in Philomath. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $14,746 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,501

at 7.18% · 30 years

Loan amount
$413,669
Total interest
$595,172
Paid off in
November 2056

Includes $7,115 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,952 a month

  • Tight

    $1,952 to $2,510 a month

  • Hard

    more than $2,510 a month

    Your payment · 50%

Compared with the typical household income in Philomath ($83,672 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,501
Principal & interest$2,802
Property tax$337
Home insurance$176
FHA mortgage insurance (MIP)$186

You need at least $14,746 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Philomath and Benton County

Philomath is in Benton County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Philomath's own numbers

Typical home value
$421,300
Typical monthly rent
$1,477
Typical yearly household income
$83,672
Households that own their home
68%
Effective property tax rate
0.96%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Benton County

FHA limit, one-unit home
$615,250
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,857
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
6.5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Benton County.

Everything about Benton County

Buying

Buying a home in Philomath

A typical home in Philomath is worth $421,300: 18% below the county and 12% below Oregon. With the typical household income in Philomath ($83,672 a year), a typical home costs 5.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Philomath 5.0 years
  • Benton 6.6 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Benton County

According to FHFA’s house price index, home prices in Benton County rose 91% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Benton County.

Period County Oregon U.S.
Last year (2025) +0.6% +0.9% +2.9%
5 years (2020–2025) +42% +35% +47%
10 years (2015–2025) +91% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Philomath next to Benton County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Philomath $421,300
  • Benton $513,000
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Philomath $1,477
  • Benton $1,410
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Philomath $83,672
  • Benton $77,702
  • Oregon $83,011
  • United States $80,734
See the full table
Philomath next to Benton County and Oregon
Measure Philomath Benton County Oregon U.S.
Typical home value $421,300 $513,000 $477,600 $332,700
Typical monthly rent $1,477 $1,410 $1,525 $1,413
Typical yearly household income $83,672 $77,702 $83,011 $80,734
Households that own their home 68% 57% 63% 65%
Typical yearly property tax $4,047 $4,884 $3,876 $3,119
Effective property tax rate 0.96% 0.95% 0.81% 0.94%
Renters with high rent for their income 55% 63% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Benton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Philomath

For a typical $421,300 home in Philomath, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Philomath's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,501a month

    Least cash to close
    Down payment
    $14,746
    Cash to close
    $27,385
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $186

  • Conventional, 5% down $3,424a month

    Down payment
    $21,065
    Cash to close
    $33,704
    Rate
    7.18%
    Mortgage insurance
    PMI · $200

  • Conventional, 20% down, no PMI $2,796a month

    Down payment
    $84,260
    Cash to close
    $96,899
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,185a month

    Down payment
    $63,195
    Cash to close
    $75,834
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Philomath and for Benton County.

Property tax

Effective rate in Philomath

0.96%of the home’s value each year

$4,047 a year for the typical owner in Philomath.

  • Philomath 0.96%
  • Benton 0.95%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Benton County

FEMA does not publish these numbers by city: they are for all of Benton County.

Homes in the high-risk zone
6.5%
1,984
Of those, with NFIP insurance
23%
County Oregon U.S.
Homes in the high-risk zone 6.5% 2.8% 3.5%
Of those, with NFIP insurance 23% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Philomath

Typical rent in Philomath is $1,477 a month: 5% above the county. In Philomath, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Benton County, by unit size. To pay the 2-bedroom one ($1,857 a month) without spending more than 30% of your income, you would need to earn $35.71 an hour working full time.

HUD fair market rent for all of Benton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,365 $26.25 $54,600
1 bedroom $1,487 $28.60 $59,480
2 bedrooms $1,857 $35.71 $74,280
3 bedrooms $2,571 $49.44 $102,840
4 bedrooms $3,102 $59.65 $124,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Philomath

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Philomath is in ZIP code 97370.

For 2 bedrooms it is $1,850: $7 less than the fair market rent for Benton County ($1,857).

  • 97370 $1,850$2,560

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Philomath when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Philomath

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Benton County; 1 says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Philomath

No down payment, repair or rent-help program on our list is for Philomath or Benton County. The ones below are statewide in Oregon: they work in Philomath the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Philomath

The HUD-approved agencies closest to the center of Philomath, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • DevNW

    2525 SE 3rd St, Corvallis · 5 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (541) 752-7220

  • DevNW

    528 Cottage St NE Ste 304, Salem · 32 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (503) 779-2680

  • DevNW

    212 Main St, Springfield · 38 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (541) 345-7106

Every agency in Benton County All counseling agencies in Oregon

Help in Spanish near Philomath

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Philomath

HUD lists no housing authority with an office in Benton County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Oregon Source: HUD

Cities

Other cities in Benton County

These cities are also in Benton County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Benton County Housing in Oregon

Nearby cities

The cities closest to Philomath, with the typical home value.

Neighboring counties

If Benton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Philomath.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Philomath

Short answers with the numbers for Philomath and all of Benton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Philomath?

The typical home value in Philomath is $421,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Benton County it is $513,000.

How much does it cost to rent in Philomath?

Typical rent in Philomath is $1,477 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Benton County is $1,857.

What is the FHA loan limit in Philomath?

Philomath uses the FHA limit for all of Benton County (2026): $615,250 for a one-unit home and $1,183,200 for a four-unit home.

How much property tax do owners pay in Philomath?

The typical homeowner in Philomath pays $4,047 a year, according to the U.S. Census Bureau. That is 0.96% of the home’s value; in Benton County, the rate is 0.95%.

Where can I find free help to buy or rent in Philomath?

There is 1 HUD-approved counseling agency with an office in Benton County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).