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Featured local agent — Cheshire, OR
Sarah Mitchell
Compass Real Estate · Cheshire, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cheshire, OR Housing Market
The typical home in Cheshire, OR is worth $564,661, rose 1.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $350,500, +34.8% year over year (through May 2026). With 1.0 months of supply, Cheshire is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $564,661 home is about $3,014/mo in principal and interest.
Key numbers for Cheshire, OR
Typical home value
$564,661
+1.7% in 12 months
Zillow, August 2026
Median sale price
$350,500
+34.8% year over year
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$29,063
Home costs 19.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
107.8%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cheshire a buyer's or seller's market?
Cheshire, OR is a strong seller's market, based on 1.0 months of supply. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cheshire housing market data show?
Every row below is Redfin's final published month for Cheshire, OR. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $350,500 |
| Year-over-year price change | +34.8% |
| Median price per sq ft | $355/sq ft |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 107.8% |
| Homes sold (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cheshire is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cheshire is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cheshire home prices moved?
Across the 14 months we hold for Cheshire, OR, the median sale price fell 65.8%, from $1.03M in June 2021 to $350,500. The live Zillow value series has rose 1.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 107.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cheshire?
Priced off the typical home value of $564,661 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $112,932 | $451,729 | $3,014/mo |
| 5% | $28,233 | $536,428 | $3,580/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,014, that implies roughly $129,192 a year before you add taxes and insurance. The median household in Cheshire earns $29,063, about $100,129 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 19.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cheshire in the next 12 months?
Tell us your timeline. We send the Cheshire market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cheshire?
Zillow does not publish a rent index (ZORI) for Cheshire, OR, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cheshire?
Active listings in Cheshire, OR went from 1 in June 2021 to 1 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2021 | 1 | not published |
| March 2022 | 1 | not published |
| December 2022 | 1 | 1 |
| February 2023 | 1 | not published |
| March 2023 | 2 | 1 |
| May 2023 | 1 | not published |
| January 2024 | 1 | not published |
| July 2024 | 1 | 1 |
| April 2026 | 1 | 1 |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Cheshire compare to Oregon and the U.S.?
Cheshire homes sell for $350,500 — 33% below the Oregon median of $525,500. Against the national median of $410,700, Cheshire runs 15% lower. Year-over-year, Cheshire moved +34.8% against Oregon's -0.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cheshire, OR | $350,500 | +34.8% | not published |
| Oregon statewide | $525,500 | -0.0% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cheshire
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $565 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $564,661 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Homes here close at 107.8% of asking. Price at the number you want and let competition do the rest.
- Your equity moved +1.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cheshire varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cheshire
There are currently 1 homes listed for sale in Cheshire, Oregon.
Active listings
1
Homes on market
How much do homes cost in Cheshire by property type?
How the Cheshire, OR market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $350,500 | $355/sq ft | 1 | not published |
Who lives in Cheshire?
American Community Survey estimates for Cheshire. U.S. Census ACS, 2023
Population
287
Households
160
Median income
$29,063/yr
Median age
66.1 years
Owner-occupied
94.4%
Mean commute
23 min
94.4% of occupied homes in Cheshire are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Cheshire, OR?
Ordered by distance from Cheshire, not by size. Compare Cheshire side by side with any of them.
Cheshire housing market FAQ
Is Cheshire a buyer's or seller's market?
Cheshire, OR is currently a strong seller's market. That read comes from 1.0 months of supply, and sellers getting 107.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cheshire?
The typical home in Cheshire, OR is worth $564,661 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $350,500, about $355 per square foot.
Is Cheshire cheaper than the rest of Oregon?
Cheshire's median sale price of $350,500 is 33% lower than the Oregon statewide median of $525,500, and 15% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cheshire?
We do not hold a days-on-market figure for Cheshire, OR. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Cheshire?
At the current 30-year fixed rate of 7.03%, 20% down on a $564,661 home is about $3,014 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $129,192 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $29,063.
Are home prices rising in Cheshire?
The typical home value in Cheshire, OR rose 1.7% over the last 12 months, from $555,175 to $564,661 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cheshire?
Cheshire ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cheshire?
That depends on your timeline, not on a headline. What the data says today: Cheshire, OR is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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