Canby, OR Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Canby, OR Housing Market Trends

With a population of 17,932, 6,383 total housing units (homes and apartments), and a median house value of $431,956, real estate costs in Canby are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.

Single-family detached homes are the single most common housing type in Canby, accounting for 62.59% of the city's housing units. Other types of housing that are prevalent in Canby include large apartment complexes or high rise apartments ( 16.00%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few mobile homes or trailers ( 6.81%).

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 67.52% of Canby's homes, and 65.92% 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 ( 22.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.00%). There's also some housing in Canby built before 1939 ( 3.42%).

Canby Home Appreciation Rates

In the last 10 years, Canby has experienced some of the highest home appreciation rates of any community in the nation. Canby real estate appreciated 96.14% over the last ten years, which is an average annual home appreciation rate of 6.97%, putting Canby in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canby 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 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 10.70%, which is higher than appreciation rates in 73.41% 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 3.77%, which equates to an annual appreciation rate of 15.94%.

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 lower than 80% 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:
$431,956

Canby, OR HOME PRICES

> $1,299,000
0.7%
0.7%
$974,001 - $1,299,000
0.2%
0.2%
$649,001 - $974,000
6.0%
6.0%
$520,001 - $649,000
15.4%
15.4%
$390,001 - $520,000
37.3%
37.3%
$260,001 - $390,000
26.5%
26.5%
$130,001 - $260,000
6.4%
6.4%
$65,001 - $130,000
2.3%
2.3%
$0 - $65,000
5.2%
5.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for OR

Value Relative To Nation

Number Of Homes And Apartments:
6,383

Canby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
128.27% 3.91%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,708 / per month

Homeownership Rate

Owners
67.5%
67.5%
Renters
32.5%
32.5%
Vacant
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.9%
22.9%
1970 - 1999
61.7%
61.7%
1940 - 1969
12.0%
12.0%
1939 or Older
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
62.6%
62.6%
Townhomes
6.1%
6.1%
Small Apt. Buildings
8.3%
8.3%
Apt. Complexes
16.0%
16.0%
Mobile Homes
6.8%
6.8%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
5.4%
5.4%
2 Bedrooms
24.6%
24.6%
3 Bedrooms
48.9%
48.9%
4 Bedrooms
17.0%
17.0%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES