West Linn appreciation rates and housing market information
West Linn housing market information
With a population of 25,572, 9,523 total housing units (homes and apartments), and a median house value of $390,672, West Linn house prices are not only among the most expensive in Oregon, West Linn real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in West Linn, accounting for 76.54% of the city's housing units. Other types of housing that are prevalent in West Linn include large apartment complexes or high rise apartments (10.83%), row houses and other attached homes (9.59%), and a few duplexes, homes converted to apartments or other small apartment buildings (2.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Linn. Owner-occupied housing accounts for 78.68% of West Linn's homes, and 66.86% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in West Linn built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in West Linn built between 1940-1969 (14.45%). A lesser amount of the housing stock also hails from between 2000 and later (14.39%). There's also some housing in West Linn built before 1939 (4.51%).
West Linn home appreciation rates
In the last 10 years, West Linn has experienced some of the highest home appreciation rates of any community in the nation. West Linn real estate appreciated 36.76% over the last ten years, which is an average annual home appreciation rate of 3.18%, putting West Linn in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Linn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in West Linn that despite a nationwide downturn in the housing market, West Linn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Linn appreciation rates continue to be some of the highest in America, at 10.99%, which is higher than appreciation rates in 89.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Linn. West Linn appreciation rates in the latest quarter were at 1.48%, which equates to an annual appreciation rate of 6.07%.
Relative to Oregon, our data show that West Linn's latest annual appreciation rate is higher than 70% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Linn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Linn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best West Linn real estate investment or home purchase decisions.