Similar to other places in this area, it's a bit more expensive compared to the United States as a whole. However it is a lot less expensive compared to the city of Portland.
Home prices
The median home in Philomath costs $244,700. It is about $8,900 (3%) higher compared to the surrounding areas.It is approximately $27,200 (12%) higher compared to the country as a whole, and is about $167,300 (40%) lower in comparison to the city of Portland.
Rents
Philomath's median monthly rent is $899. Compared to its surrounding areas this is about $212 (19%) lower.It is approximately $163 (15%) lower compared to the entire country, and in comparison to the city of Portland it is about $349 (27%) lower.
Nearby places
Corvallis
Corvallis is Philomath's neighbor to the northeast. The housing prices there are somewhat more expensive. The median home in Corvallis costs $330,500, which is $85,800 (25%) higher than Philomath. The rent there is somewhat more expensive. The median monthly rent in Corvallis is $1,091, which works out to $192 (17%) higher than Philomath.
Adair Village
Adair Village is about 10 miles northeast of Philomath. Its housing prices are a little less expensive. The median home price in Adair Village is $225,500, which comes out to $19,200 (8%) lower than Philomath. Its rents are substantially more expensive. In Adair Village the median monthly rent is $1,455, which is $556 (38%) higher than Philomath.
Tangent
Tangent is roughly 10 miles east from Philomath. Its real estate prices are pretty similar. The median home in Tangent is valued at $240,100, which is $4,600 (1%) lower than Philomath. Rent there is somewhat more expensive. The median rent in Tangent is $1,293 a month, which comes out to $394 (30%) higher than Philomath.
Albany
Albany is about 12 miles northeast from Philomath. Housing prices there are somewhat less expensive. The median home in Albany is valued at $226,200, which works out to $18,500 (8%) lower than Philomath. Rent there is a little more expensive. Albany's median rent is $966 per month, which is $67 (6%) higher than Philomath.
Monroe
Monroe is roughly 14 miles south of Philomath. Real estate prices there are substantially less expensive. The median home price in Monroe is $156,700, which works out to $88,000 (56%) lower than Philomath. The rent there is a bit less expensive. In Monroe the median monthly rent is $748, which is $151 (20%) lower than Philomath.
