The housing market in Forest Grove, OR is on the upswing with a median value of $516,000 and an appreciation rate of 7.02% over the last year. This is slightly lower than the US House Median Value of $338,100 and the US 1 year House Appreciation rate of 8.27%, but it still indicates an increase in house values for this area. With this steady increase in home values, it's no surprise that more people are looking to purchase homes in Forest Grove.
The median home cost in Forest Grove is $516,000. Home appreciation the last 10 years has been 142.7%. Home Appreciation in Forest Grove is up 13.1%.
Average Age of Homes
- The median age of Forest Grove real estate is 37 years old
The Rental Market in Forest Grove
- Renters make up 39.2% of the Forest Grove population
- 2.7% of houses and apartments in Forest Grove, 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.