The housing market in Island City, OR is quite healthy with a median value of $309,700. This is significantly lower than the U.S. median house value of $338,100, making it an attractive and affordable option for many home buyers. Furthermore, the 1 year house appreciation rate in Island City is 12.74%, which is higher than the national average of 8.27%. This indicates that property values are on the rise and that investing in real estate here could be a wise decision for those looking to make a profit off their investments.
The median home cost in Island City is $309,700. Home appreciation the last 10 years has been 105.4%. Home Appreciation in Island City is up 15.2%.
Average Age of Homes
- The median age of Island City real estate is 39 years old
The Rental Market in Island City
- Renters make up 20.7% of the Island City population
- 0.0% of houses and apartments in Island City, 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.