Housing in 97132 Newberg, OR is much more expensive than the US median value, with a median value of $497,300. Despite this, the appreciation rate of 7.02% in the past year still falls below the average appreciation rate of 8.27%. The higher median housing value indicates that 97132 Newberg is a desirable and sought after area for homeowners looking to make an investment into their future.
The median home cost in Newberg (zip 97132) is $497,300. Home appreciation the last 10 years has been 142.7%. Home Appreciation in Newberg (zip 97132) is up 13.1%.
Average Age of Homes
- The median age of Newberg (zip 97132) real estate is 34 years old
The Rental Market in Newberg (zip 97132)
- Renters make up 30.7% of the Newberg (zip 97132) population
- 0.5% of houses and apartments in Newberg (zip 97132), 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.