Cedar Mill, OR is a desirable area for homeowners due to its beautiful natural surroundings and relative affordability compared to other neighborhoods in the area. With a median house value of $780,700, Cedar Mill is significantly higher than the national average of $338,100. Despite this high cost of housing, the one year appreciation rate is only 2.38%, significantly lower than 8.27% for the US as a whole. This makes Cedar Mill an attractive choice for those looking to invest in real estate as well as those looking to settle down and call it home.
The median home cost in Cedar Mill is $780,700. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Cedar Mill is up 7.7%.
Average Age of Homes
- The median age of Cedar Mill real estate is 32 years old
The Rental Market in Cedar Mill
- Renters make up 23.5% of the Cedar Mill population
- 0.6% of houses and apartments in Cedar Mill, 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.