menu





Cave Junction, 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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Cave Junction, OR Housing Market Trends

With a population of 2,071, 929 total housing units (homes and apartments), and a median house value of $302,021, Cave Junction real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Cave Junction homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Cave Junction, accounting for 68.21% of the city's housing units. Other types of housing that are prevalent in Cave Junction include mobile homes or trailers ( 19.71%), duplexes, homes converted to apartments or other small apartment buildings ( 6.99%), and a few row houses and other attached homes ( 3.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cave Junction. Owner-occupied housing accounts for 67.00% of Cave Junction's homes, and 61.31% have either three or four bedrooms, which is average sized relative to America.

Cave Junction homes and real estate are some of the newest in America. 53.04% of Cave Junction's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cave Junction real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.97%), and between 1940-1969 ( 10.08%). There's also some housing in Cave Junction built before 1939 ( 3.91%).

Vacant housing appears to be an issue in Cave Junction. Fully 15.62% of the housing stock is classified as vacant. Left unchecked, vacant Cave Junction homes and apartments can be a drag on the real estate market, holding Cave Junction real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Cave Junction Home Appreciation Rates

In the last 10 years, Cave Junction has experienced some of the highest home appreciation rates of any community in the nation. Cave Junction real estate appreciated 137.12% over the last ten years, which is an average annual home appreciation rate of 9.02%, putting Cave Junction in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cave Junction 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 Cave Junction that despite a nationwide downturn in the housing market, Cave Junction real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cave Junction appreciation rates continue to be some of the highest in America, at 17.34%, which is higher than appreciation rates in 73.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cave Junction. Cave Junction appreciation rates in the latest quarter were at 2.22%, which equates to an annual appreciation rate of 9.19%.

Relative to Oregon, our data show that Cave Junction's latest annual appreciation rate is higher than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$302,021

Cave Junction, OR HOME PRICES

> $1,445,000
$1,084,001 - $1,445,000
$723,001 - $1,084,000
$578,001 - $723,000
$433,001 - $578,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
0.0%
0.0%
0.0%
0.0%
6.0%
6.0%
2.4%
2.4%
7.7%
7.7%
35.5%
35.5%
34.7%
34.7%
2.0%
2.0%
11.7%
11.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very Low for OR

Value Relative To Nation

Number Of Homes And Apartments:
929

Cave Junction Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
196.89% 4.96%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,171 / per month

Homeownership Rate

Owners
Renters
Vacant
67.0%
67.0%
33.0%
33.0%
15.6%
15.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
53.0%
53.0%
33.0%
33.0%
10.1%
10.1%
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
3.1%
3.1%
7.0%
7.0%
2.0%
2.0%
19.7%
19.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
7.7%
7.7%
26.9%
26.9%
51.1%
51.1%
10.2%
10.2%
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Cave Junction

Popular Communities Near Cave Junction, OR

Zip Codes in Cave Junction, OR