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Brand new 2 bed, 2.5 bath home - move in ready Spring 2026. New construction home by Thistle & Nest designed w/ comfort, quality, and energy efficiency in mind. Feat. incl.: JamesHardie siding, composition roof w/ lifetime warranty. & solar ready setup. Interior highlights incl.: triple pane windows, upgraded insulation, high efficiency heat pump, & ERV fresh air recovery system. Equipped w/ Energy Star appliances, 100% LED lighting, & advanced air sealing for improved energy performance. Exterior features low maintenance landscaping w/ irrigation, fenced yard, & covered parking w/ storage. This home is part of Thistle & Nest's affordable Housing Program & offered w/ 99 year renewable ground lease. Buyer households must earn less than 80% of area median income for Jefferson Co., quality for home loan & meet other program requirements. Listed price reflects estimated effective cost after down payment assistance & may vary based on loan pre approval. For details visit Thistleandnest.org.
A rough estimate, not a quote. Loan amount $160,000 · $40,000 down · 30 year term.
Insurance starts at $1,000 per $300K of price each year. Type your quote to replace it.
110 listings of every type for sale, 26 pending, 18 sold in the last 30 days. Point at a mark to read it, or slide the price.
In Madras, near Lake Billy Chinook.
Every active and pending listing of every property type on the regional MLS through Oregon Data Share inside the recorded boundary of Madras, plus the closes of the last 30 days. Counts and medians cover every listing read for this map. Roads, rivers and lakes: US Census TIGER/Line 2024, drawn in this map's own projection.
| Date | Event | Price |
|---|---|---|
| Aug 10, 2026 | Pending | $200,000 |
| Aug 7, 2026 | Listed | $200,000 |
$174 per sq ft
2 days on market. Madras median to pending is 53 days.
HOA $50 per month. Tax $1 per year.
The full analysis names every comparable sale and shows the adjustment we made for each one.
Listing fields from Spark. Place median from the live pulse. This is an estimate, not an appraisal. It is not a guarantee of price. See our terms.
New listings
Monthly cash flow, cap rate, and cash-on-cash return at this price. Adjust the numbers to your own financing and rent.
Estimate $1,143 ($1,025–$1,325) · HUD Fair Market Rent (FY2025), Jefferson County, 2BR. Edit to your own number.
At $200,000 with 20% down, this property runs $351 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Coldwell Banker Sun Country, agent Josue Ojeda Hernandez, 541-447-4433
Data last updated September 2, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Median close price $385,000 in Aug 2026, down 4.5% from Aug 2025.
Mar 2024 to Aug 2026 (24 months) · Market Truth leftover, Madras city, monthly median close. Completed months only.
This home is listed at $200,000, 56.0% below the Madras median list price. See full Madras market →