Banks, OR has a median housing value of $585,600, which is substantially higher than the US median house value of $338,100. Although the one year house appreciation rate in Banks is lower than the US average at 7.02%, it's still higher than many other places in the country and suggests that housing in Banks is increasing in value at a steady rate. This is good news for current homeowners as well as potential buyers looking to invest in this area.
The median home cost in Banks is $585,600. Home appreciation the last 10 years has been 142.7%. Home Appreciation in Banks is up 13.1%.
Average Age of Homes
- The median age of Banks real estate is 22 years old
The Rental Market in Banks
- Renters make up 22.5% of the Banks population
- 0.0% of houses and apartments in Banks, 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.