Zip 97116 (Forest Grove, OR) Housing

The housing market in 97116 Forest Grove, OR is very strong. The median value of a house in the area is $514,100, which is significantly higher than the US median value of $338,100. Furthermore, over the past year, houses in 97116 Forest Grove have seen a 7.02% appreciation rate while the US has seen an 8.27% appreciation rate. This data suggests that housing in this area is a safe and profitable investment.

The median home cost in Forest Grove (zip 97116) is $514,100. Home appreciation the last 10 years has been 142.7%. Home Appreciation in Forest Grove (zip 97116) is up 13.1%.

Average Age of Homes

- The median age of Forest Grove (zip 97116) real estate is 38 years old

The Rental Market in Forest Grove (zip 97116)

- Renters make up 36.9% of the Forest Grove (zip 97116) population
- 2.4% of houses and apartments in Forest Grove (zip 97116), 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	Forest Grove, Oregon	United States
	10,506.0	139,647,020.0
	40	42
	$514,100	$338,100
	13.1%	16.6%
	59.3%	57.0%
	142.7%	101.1%
	$9.28	$10.98
	$3,563	$2,690
	61.7%	57.4%
	4.2%	11.2%
	34.2%	31.4%
Vacant Housing
	2.4%	1.9%
	0.2%	0.4%
	0.3%	0.7%
	0.2%	0.4%
	0.1%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	2.7%	2.4%
	0.7%	2.8%
	0.5%	3.9%
	0.7%	4.5%
	1.8%	11.3%
	2.1%	13.0%
	11.8%	20.1%
	32.8%	13.6%
	20.8%	8.3%
	18.3%	9.7%
	4.0%	3.9%
	0.8%	2.2%
	0.0%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	17.8%	13.6%
	8.5%	13.2%
	17.0%	14.8%
	17.8%	13.6%
	5.5%	10.0%
	5.7%	4.7%
	12.1%	12.2%

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