Zip 97741 (Madras, OR) Housing

The housing market in 97741 Madras, OR is thriving. The median value of housing in this area is $350,800, which is slightly higher than the US house median value of $338,100. The US one-year house appreciation rate is 8.27%, while the one-year house appreciation rate for Madras is 8.40%. This indicates that the housing market in Madras is growing and becoming more valuable at a slightly faster rate than the national average.

The median home cost in Madras (zip 97741) is $350,800. Home appreciation the last 10 years has been 228.8%. Home Appreciation in Madras (zip 97741) is up 14.0%.

Average Age of Homes

- The median age of Madras (zip 97741) real estate is 40 years old

The Rental Market in Madras (zip 97741)

- Renters make up 38.3% of the Madras (zip 97741) population
- 1.4% of houses and apartments in Madras (zip 97741), 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	Madras, Oregon	United States
	4,610.0	139,647,020.0
	44	42
	$350,800	$338,100
	14.0%	16.6%
	79.0%	57.0%
	228.8%	101.1%
	$8.73	$10.98
	$2,208	$2,690
	56.4%	57.4%
	5.7%	11.2%
	37.8%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.2%	0.4%
	2.2%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	3.5%	2.4%
	2.1%	2.8%
	2.2%	3.9%
	1.2%	4.5%
	5.8%	11.3%
	12.0%	13.0%
	32.7%	20.1%
	15.1%	13.6%
	11.7%	8.3%
	7.2%	9.7%
	0.5%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	12.3%	13.6%
	12.3%	13.6%
	14.1%	13.6%
	11.8%	13.2%
	25.7%	14.8%
	14.1%	13.6%
	9.0%	10.0%
	3.3%	4.7%
	2.5%	12.2%

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