Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,055 people, 859 houses or apartments, and a median cost of homes of $313,451, Cave Junction real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Cave Junction homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Cave Junction, accounting for 74.57% of the city's housing units. Other types of housing that are prevalent in Cave Junction include mobile homes or trailers ( 14.84%), duplexes, homes converted to apartments or other small apartment buildings ( 4.82%), and a few row houses and other attached homes ( 3.40%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cave Junction. Owner-occupied housing accounts for 72.45% of Cave Junction's homes, and 66.07% have either three or four bedrooms, which is average sized relative to America.
Cave Junction homes and real estate are some of the newest in America. 46.31% of Cave Junction's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cave Junction real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.59%), and between 1940-1969 ( 10.59%). There's also some housing in Cave Junction built before 1939 ( 1.51%).
Vacant housing appears to be an issue in Cave Junction. Fully 18.81% of the housing stock is classified as vacant. Left unchecked, vacant Cave Junction homes and apartments can be a drag on the real estate market, holding Cave Junction real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Cave Junction has experienced some of the highest home appreciation rates of any community in the nation. Cave Junction real estate appreciated 130.53% over the last ten years, which is an average annual home appreciation rate of 8.71%, putting Cave Junction in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cave Junction definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Cave Junction appreciation rates have trailed the rest of the nation. In the last twelve months, Cave Junction's appreciation rate has been 3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cave Junction were at 1.37%, which equates to an annual appreciation rate of 5.61%.
Relative to Oregon, our data show that Cave Junction's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.
$313,451
for Oregon
for nation
859
$1,682 / per month