The housing market in Newberg, OR is strong with the median value of homes currently at $513,700. This is significantly higher than the US House median value which is $338,100. The US 1 year house appreciation rate is 8.27%, while the 1 year house appreciation rate in Newberg, OR is slightly lower at 7.02%. This indicates that while the housing market in Newberg has been strong over the last year, it still lags slightly behind the national average for appreciation rates.
The median home cost in Newberg is $513,700. Home appreciation the last 10 years has been 142.7%. Home Appreciation in Newberg is up 13.1%.
Average Age of Homes
- The median age of Newberg real estate is 35 years old
The Rental Market in Newberg
- Renters make up 36.1% of the Newberg population
- 0.4% of houses and apartments in Newberg, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.