Canby, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canby, OR Real Estate Data


Canby Housing Market Information

With a population of 17,271, 5,795 total housing units (homes and apartments), and a median house value of $307,009, Canby real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Canby, accounting for 62.04% of the city's housing units. Other types of housing that are prevalent in Canby include large apartment complexes or high rise apartments ( 14.78%), mobile homes or trailers ( 8.57%), and a few row houses and other attached homes ( 8.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canby. Owner-occupied housing accounts for 66.45% of Canby's homes, and 66.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Canby 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 Canby built between 2000 and later ( 23.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.13%). There's also some housing in Canby built before 1939 ( 4.69%).

Canby Home Appreciation Rates

Appreciation rates for homes in Canby have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.73%, which ranks in the top 50% nationwide. This equates to an annual average Canby house appreciation rate of 0.56%.

Appreciation rates are so strong in Canby that despite a nationwide downturn in the housing market, Canby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Canby appreciation rates continue to be some of the highest in America, at 8.78%, which is higher than appreciation rates in 94.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Canby. Canby appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.68%.

Importantly, this makes Canby one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Canby's latest annual appreciation rate is higher than 60% 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 Canby differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canby - 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 Canby real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$307,009

Canby, OR HOME PRICES

Value Range
> $1,365,000 0.3
$1,023,001 - $1,365,000 0.6
$682,001 - $1,023,000 3.5
$546,001 - $682,000 5.3
$409,001 - $546,000 13.1
$273,001 - $409,000 41.2
$136,001 - $273,000 22.4
$69,001 - $136,000 2.4
$0 - $69,000 11.3

High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
16.214791825262 32.3671497584541

Number Of Homes And Apartments:
5,795

Rent & Ownership

 

Average Market Rent:
$1,332 / per month

Homeownership Rate

Homeownership
Owners 66.45
Renters 33.55
Vacant 2.24

Housing Market Details

 

Age of Homes

AGE OF Canby HOMES
2000 or Newer 23.5
1970 - 1999 60.6
1940 - 1969 11.1
1939 or Older 4.7

Types of Homes

TYPE OF Canby HOMES
Single-Family 62.0
Townhomes 8.4
Small Apt. Buildings 6.2
Apt. Complexes 14.8
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Canby HOMES
No Bedroom 2.09
1 Bedroom 5.35
2 Bedrooms 22.12
3 Bedrooms 52.31
4 Bedrooms 14.59
5 or more bedrooms 3.54

Canby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
62.62% 2.90% 5 8
* 10 is highest