The housing market in Ontario, OR is thriving. The median value of a house in Ontario is currently $278,400, which is significantly lower than the U.S. median value of $338,100. However, the one year appreciation rate for housing in Ontario is even higher than the U.S., at 9.53%. This indicates that the housing market in Ontario is booming and that home values are increasing quickly. It appears to be a great time to purchase a home in Ontario, OR as prices are still relatively low compared to the rest of the country but interest rates are rising steadily.
The median home cost in Ontario is $278,400. Home appreciation the last 10 years has been 126.0%. Home Appreciation in Ontario is up 16.0%.
Average Age of Homes
- The median age of Ontario real estate is 43 years old
The Rental Market in Ontario
- Renters make up 45.8% of the Ontario population
- 2.6% of houses and apartments in Ontario, 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.