Oregon State is an area with a high cost of living and expensive housing. The median value of a home in Oregon State is $468,400, which is significantly higher than the US median value of $338,100. However, the US 1-year house appreciation rate is 8.27%, while the house appreciation rate in Oregon State is only 3.40%. This shows that despite the high prices, there has not been much growth in the housing market in Oregon State.
The median home cost in Oregon is $468,400. Home appreciation the last 10 years has been 136.9%. Home Appreciation in Oregon is up 11.6%.
Average Age of Homes
- The median age of Oregon real estate is 39 years old
The Rental Market in Oregon
- Renters make up 34.8% of the Oregon population
- 1.3% of houses and apartments in Oregon, 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.