McMinnville, OR has a very strong housing market. The median house value is $453,600 which is significantly higher than the US median house value of $338,100. Additionally, McMinnville experienced a 7.02% annual appreciation in housing prices over the last year, just below the US average of 8.27%. This suggests that McMinnville is a great place to invest in real estate, and it has had a steady increase in house values over the last 12 months.
The median home cost in McMinnville is $453,600. Home appreciation the last 10 years has been 142.7%. Home Appreciation in McMinnville is up 13.1%.
Average Age of Homes
- The median age of McMinnville real estate is 29 years old
The Rental Market in McMinnville
- Renters make up 40.7% of the McMinnville population
- 1.0% of houses and apartments in McMinnville, 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.