The housing market in 97071 Woodburn, OR is quite strong. The median value for a home in the area is $392,700, which is significantly higher than the US median of $338,100 and reflects the high demand for homes in the area. In the past year, the US has seen an overall appreciation of 8.27%, while homes in Woodburn have appreciated at a slightly lower rate of 6.12%. These figures suggest that while the market may be cooling off somewhat it remains a very attractive option for potential buyers looking to invest in real estate.
The median home cost in Woodburn (zip 97071) is $392,700. Home appreciation the last 10 years has been 140.8%. Home Appreciation in Woodburn (zip 97071) is up 12.2%.
Average Age of Homes
- The median age of Woodburn (zip 97071) real estate is 40 years old
The Rental Market in Woodburn (zip 97071)
- Renters make up 36.3% of the Woodburn (zip 97071) population
- 1.2% of houses and apartments in Woodburn (zip 97071), 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.