Hermiston, OR is a great place for those looking to invest in housing. According to the latest data, the median house value in the city is $330,000 and the US house median value is much higher at $338,100. This shows that Hermiston real estate offers great value for money. Additionally, over the past year, while the US has seen an appreciation of 8.27%, Hermiston has seen even higher appreciation with 12.74%. This further highlights the potential of investing in housing in this locality.
The median home cost in Hermiston is $330,000. Home appreciation the last 10 years has been 105.4%. Home Appreciation in Hermiston is up 15.2%.
Average Age of Homes
- The median age of Hermiston real estate is 36 years old
The Rental Market in Hermiston
- Renters make up 43.1% of the Hermiston population
- 1.4% of houses and apartments in Hermiston, 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.