Bonanza, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bonanza Neighborhoods Since 2000




Bonanza, OR Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bonanza Housing Market Information

With 411 people, 189 houses or apartments, and a median cost of homes of $226,379, Bonanza real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bonanza, accounting for 61.54% of the town's housing units. Other types of housing that are prevalent in Bonanza include mobile homes or trailers ( 27.40%), duplexes, homes converted to apartments or other small apartment buildings ( 8.17%), and a few large apartment complexes or high rise apartments ( 2.88%).

The most prevalent building size and type in Bonanza are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.96% owning and 37.04% renting.

There is a lot of housing in Bonanza 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 Bonanza built between 1940-1969 ( 16.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.29%). There's also some housing in Bonanza built before 1939 ( 4.81%).

Bonanza Home Appreciation Rates

Appreciation rates for homes in Bonanza have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.80%, which ranks in the top 40% nationwide. This equates to an annual average Bonanza house appreciation rate of 0.57%.

Appreciation rates are so strong in Bonanza that despite a nationwide downturn in the housing market, Bonanza real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bonanza appreciation rates continue to be some of the highest in America, at 8.70%, which is higher than appreciation rates in 89.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bonanza. Bonanza appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.84%.

Relative to Oregon, our data show that Bonanza's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$226,379

Bonanza, OR HOME PRICES

Value Range
> $1,215,000 1.4
$911,001 - $1,215,000 1.7
$608,001 - $911,000 3.0
$486,001 - $608,000 5.0
$365,001 - $486,000 2.6
$243,001 - $365,000 23.7
$122,001 - $243,000 40.9
$61,001 - $122,000 17.0
$0 - $61,000 4.8

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
26.5205672096566 67.1497584541063

Number Of Homes And Apartments:
189

Bonanza Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
98.96% 4.07% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$833 / per month

Homeownership Rate

Homeownership
Owners 62.96
Renters 37.04
Vacant 9.13

Housing Market Details

 

Age of Homes

AGE OF Bonanza HOMES
2000 or Newer 5.3
1970 - 1999 73.1
1940 - 1969 16.8
1939 or Older 4.8

Types of Homes

TYPE OF Bonanza HOMES
Single-Family 61.5
Townhomes 0.0
Small Apt. Buildings 8.2
Apt. Complexes 2.9
Mobile Homes 27.4
Other 0.0

Home Size

SIZE OF Bonanza HOMES
No Bedroom 0.00
1 Bedroom 0.96
2 Bedrooms 35.58
3 Bedrooms 53.85
4 Bedrooms 9.62
5 or more bedrooms 0.00

Popular Neighborhoods in Bonanza

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Zip Codes in Bonanza, OR