Oregon, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Oregon, OH Real Estate Data


Oregon Housing Market Information

With 20,102 people, 8,459 houses or apartments, and a median cost of homes of $157,907, Oregon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Oregon, accounting for 75.42% of the city's housing units. Other types of housing that are prevalent in Oregon include large apartment complexes or high rise apartments ( 15.89%), duplexes, homes converted to apartments or other small apartment buildings ( 5.02%), and a few row houses and other attached homes ( 2.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Oregon. Owner-occupied housing accounts for 68.47% of Oregon's homes, and 62.90% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Oregon's housing was primarily built during this period, from the '40s through the '60s. A full 38.94% of the city's housing hails from this era. Other housing ages represented in Oregon include homes built between 1970-1999 ( 37.83%) and housing constructed before 1939 ( 12.14%). There's also some housing in Oregon built between 2000 and later ( 11.10%).

Oregon Home Appreciation Rates

Oregon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Oregon during the period has been just -0.89%, which is lower than 70% of US communities.

Appreciation rates are so strong in Oregon that despite a nationwide downturn in the housing market, Oregon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Oregon appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Oregon. Oregon appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.73%.

Relative to Ohio, our data show that Oregon's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Oregon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Oregon - 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 2000, to assist you in making the best Oregon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$157,907

Oregon, OH HOME PRICES

Value Range
> $1,152,000 0.3
$864,001 - $1,152,000 0.0
$576,001 - $864,000 1.1
$461,001 - $576,000 0.5
$346,001 - $461,000 3.0
$231,001 - $346,000 13.5
$115,001 - $231,000 52.8
$58,001 - $115,000 22.1
$0 - $58,000 6.9

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
47.5024887275283 35.5643044619423

Number Of Homes And Apartments:
8,459

Rent & Ownership

 

Average Market Rent:
$868 / per month

Homeownership Rate

Homeownership
Owners 68.47
Renters 31.53
Vacant 4.20

Housing Market Details

 

Age of Homes

AGE OF Oregon HOMES
2000 or Newer 11.1
1970 - 1999 37.8
1940 - 1969 38.9
1939 or Older 12.1

Types of Homes

TYPE OF Oregon HOMES
Single-Family 75.4
Townhomes 2.1
Small Apt. Buildings 5.0
Apt. Complexes 15.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Oregon HOMES
No Bedroom 0.12
1 Bedroom 12.49
2 Bedrooms 22.85
3 Bedrooms 49.51
4 Bedrooms 13.39
5 or more bedrooms 1.63

Oregon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
0.65% 0.04% 2 1
* 10 is highest