Philomath, OR is a great place for those looking to invest in a home. The median value of houses in Philomath is $454,000, which is significantly higher than the US median house value of $338,100. Additionally, the appreciation rate for homes in Philomath over the last year has been 9.26%, slightly higher than the US average of 8.27%. This means that anyone who purchases a home in Philomath now stands to benefit from an increase in equity over time. Overall, it is clear that buying a home in Philomath is a smart move and should be given serious consideration by all potential buyers.
The median home cost in Philomath is $454,000. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Philomath is up 14.2%.
Average Age of Homes
- The median age of Philomath real estate is 41 years old
The Rental Market in Philomath
- Renters make up 27.0% of the Philomath population
- 2.0% of houses and apartments in Philomath, 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.