Photo: Visitor7 · CC BY-SA 3.0Measured against area pay, Creswell costs more to live in than 71% of U.S. towns
It ranks #27 of 142 in Oregon for affordability. Up 1.9% in a year, close to the Oregon typical home.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Eugene-Springfield, OR metro area ($72K). How TownRatings grades cost of living
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Eugene metro earn ($72K, Census 2020–24). Even so, the typical home costs 6.1 years of metro income, and 25% of renters pay 30% or more of income for housing.
In dollars
- $472Ktypical home, 4% below the Oregon typical homeZillow, September 2026
- $1,700a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 102prices across the Eugene metro, where the U.S. is 100 (housing 98)BEA Regional Price Parities, 2024
In paychecks the grade
- 6.1 yrsof area income buys the typical home; the typical U.S. town: 3.3$72K, Eugene-area income
- 20%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 25%of renters pay 30%+ of income for housing; across Oregon: 53%Census 2020–24
- 19%of owners do; the typical U.S. town: 20%Census 2020–24
What Creswell’s housing numbers say
Rent is easier on renters here
25% of renter households spend 30% or more of their income on rent, against 53% across Oregon. A standard two-bedroom is 20% of the median household income. Renting ↓
Mostly newer homes
Half of Creswell’s homes were built after 1999, against 1981 for Oregon as a whole. Property taxes ↓
Written from the data on this page. Home values are the Zillow Home Value Index, through September 2026; permits are Census figures through 2025 (2025 partly estimated); incomes, rents paid, taxes and ownership come from the Census American Community Survey.
What’s behind Creswell’s grade
Measured against what households in the area earn, Creswell is more affordable than 29% of U.S. towns, #27 of 142 in Oregon. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Values have outpaced Oregon: the typical Creswell home is up 14.3% in five years, against 7.1% statewide (Zillow).
Up 14.3% in five years
Faster than Oregon (7.1%).
Show as a table
| January | Creswell | Oregon |
|---|---|---|
| 2017 | $255,000 | $310,000 |
| 2018 | $278,000 | $334,000 |
| 2019 | $299,000 | $352,000 |
| 2020 | $319,000 | $367,000 |
| 2021 | $364,000 | $408,000 |
| 2022 | $425,000 | $476,000 |
| 2023 | $444,000 | $487,000 |
| 2024 | $456,000 | $491,000 |
| 2025 | $465,000 | $500,000 |
| 2026 | $470,000 | $496,000 |
| September 2026 | $472,000 | $493,000 |
A typical Creswell home worth $247K in October 2016 is worth about $472K today.
Zillow Home Value Index: the typical value of all homes (middle third), smoothed and seasonally adjusted, through September 2026.
A typical home costs 6.1 years of area income
The calculator starts from the area income the grade uses. Switch to Creswell’s own median, or type yours.
That’s $182K short of a typical Creswell home.
A two-bedroom rents for about $1,700 a month here, $1,040 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Creswell’s typical property tax (0.66% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,700
Renters already here pay a median of $1,218, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Eugene-Springfield, OR MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
10 new homes permitted in 2025
Builders were permitted 10 new homes in Creswell in 2025, all single-family houses, worth about $2.8 million to build. That's 1.8 per 1,000 residents, slower than across Oregon (3.8). Over the past 10 years, Creswell has permitted 192 homes in all.
Between the 2010 and 2020 censuses, Creswell gained 610 residents while 144 new homes were permitted: about 4.2 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Oregon: 2.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $891,000 |
| 2025 | 10 | 10 | 0 | $2.8 million |
| 2024 | 8 | 8 | 0 | $2.4 million |
| 2023 | 27 | 0 | 27 | $750,000 |
| 2022 | 14 | 14 | 0 | $6.1 million |
| 2021 | 38 | 15 | 23 | $6.8 million |
| 2020 | 10 | 10 | 0 | $1.5 million |
| 2019 | 6 | 6 | 0 | $1.5 million |
| 2018 | 28 | 28 | 0 | $7.4 million |
| 2017 | 32 | 32 | 0 | $2.5 million |
| 2016 | 19 | 19 | 0 | $3.9 million |
| 2015 | 2 | 2 | 0 | $325,000 |
| 2014 | 14 | 14 | 0 | $3.3 million |
| 2013 | 14 | 14 | 0 | $3.2 million |
| 2012 | 14 | 14 | 0 | $2.7 million |
| 2011 | 8 | 8 | 0 | $1.5 million |
| 2010 | 7 | 7 | 0 | $1.4 million |
| 2009 | 11 | 11 | 0 | $2.1 million |
| 2008 | 27 | 27 | 0 | $4.8 million |
| 2007 | 84 | 84 | 0 | $14.1 million |
| 2006 | 56 | 56 | 0 | $10.1 million |
| 2005 | 62 | 60 | 2 | $10.6 million |
| 2004 | 153 | 133 | 20 | $24 million |
| 2003 | 93 | 91 | 2 | $15.6 million |
| 2002 | 82 | 80 | 2 | $11.9 million |
| 2001 | 67 | 67 | 0 | $8.7 million |
| 2000 | 26 | 26 | 0 | $2.8 million |
Creswell's permit office reported 11 of 12 months in 2025; the Census estimated the rest.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Property tax runs below the Oregon norm
The median bill is $2,869 (Oregon: $3,876), 0.66% of a home’s value a year, against 0.81% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Creswell
Only figures published free for the whole country, each labeled with the area it covers: the Eugene-Springfield, OR metro area, or Oregon. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 102 | OR 103 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 105 | OR 105 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 103 | OR 107 | metro | BEA, 2024 |
| Other services U.S. = 100 | 100 | OR 100 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Creswell and its neighbors
One source per column.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, September 2026 | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Creswell | C | $472K | $436K | 0.66% | $1,700 |
Questions about the cost of living in Creswell
Is Creswell expensive to live in?
Measured against what households in the area earn, Creswell costs more than 71% of U.S. towns: a C for cost of living, #27 of 142 in Oregon. The typical home costs 6.1 years of the median household income of the Eugene-Springfield, OR metro area ($72K).
How much does a house cost in Creswell?
About $472K, Zillow’s typical value for September 2026, up 1.9% in a year. The Oregon typical home is $493K.
What salary do you need to live in Creswell?
To buy the typical home with 20% down at 6.3%, about $117,000 a year, keeping the payment (about $2,740 a month with tax and insurance) at 28% of income. To rent a two-bedroom at 30% of income, about $68,000.
How much is rent in Creswell?
HUD puts a two-bedroom at about $1,700 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $1,218 (Census 2020–24).
What are property taxes in Creswell?
The median bill is $2,869 a year, 0.66% of the median home value (Oregon: $3,876, 0.81%), from the Census 2020–24.
Are home prices in Creswell going up?
Yes: up 1.9% in the past year and 14.3% in five years, against 7.1% across Oregon (Zillow).
Neighbors talk housing
What Creswell buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, September 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.