Ontario Metro Area, OR Housing

The housing market in the Ontario, OR Metro Area is thriving. The median value of homes in this area is $302,300, which is significantly lower than the US house median value of $338,100. This affordability makes it attractive to potential homebuyers. In addition, the area has seen a 1 year house appreciation rate of 10.47%, higher than the 8.27% US average. This indicates that investing in property in the Ontario, OR Metro Area would be a smart move for any real estate investor looking to build equity over time.

The median home cost in Ontario Metro Area is $302,300. Home appreciation the last 10 years has been 185.4%. Home Appreciation in Ontario Metro Area is up 15.8%.

Average Age of Homes

- The median age of Ontario Metro Area real estate is 42 years old

The Rental Market in Ontario Metro Area

- Renters make up 29.4% of the Ontario Metro Area population
- 1.1% of houses and apartments in Ontario Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ontario, Oregon	United States
	21,297.0	139,647,020.0
	46	42
	$302,300	$338,100
	15.8%	16.6%
	96.5%	57.0%
	185.4%	101.1%
	$8.21	$10.98
	$1,368	$2,690
	58.5%	57.4%
	10.5%	11.2%
	31.0%	31.4%
Vacant Housing
	1.1%	1.9%
	0.2%	0.4%
	0.4%	0.7%
	0.4%	0.4%
	2.3%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	5.5%	2.6%
	3.3%	2.4%
	1.6%	2.8%
	5.6%	3.9%
	5.5%	4.5%
	16.7%	11.3%
	17.1%	13.0%
	18.5%	20.1%
	11.9%	13.6%
	4.9%	8.3%
	4.7%	9.7%
	2.1%	3.9%
	0.8%	2.2%
	0.5%	0.8%
	1.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	9.7%	13.6%
	9.7%	13.6%
	14.7%	13.6%
	9.6%	13.2%
	22.6%	14.8%
	14.7%	13.6%
	9.8%	10.0%
	7.5%	4.7%
	12.5%	12.2%

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