Central Point, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Central Point Neighborhoods Since 2000




Central Point, 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

Central Point Housing Market Information

With 17,995 people, 6,565 houses or apartments, and a median cost of homes of $213,340, Central Point real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Central Point, accounting for 73.05% of the city's housing units. Other types of housing that are prevalent in Central Point include large apartment complexes or high rise apartments ( 8.06%), mobile homes or trailers ( 7.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).

The most prevalent building size and type in Central Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.72% owning and 37.28% renting.

There is a lot of housing in Central Point 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 Central Point built between 2000 and later ( 27.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.83%). There's also some housing in Central Point built before 1939 ( 4.47%).

Central Point Home Appreciation Rates

Central Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Central Point during the period has been just -1.91%, which is lower than 80% of US communities.

Appreciation rates are so strong in Central Point that despite a nationwide downturn in the housing market, Central Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Central Point appreciation rates continue to be some of the highest in America, at 6.91%, which is higher than appreciation rates in 80.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Central Point. Central Point appreciation rates in the latest quarter were at 1.61%, which equates to an annual appreciation rate of 6.58%.

Relative to Oregon, our data show that Central Point's latest annual appreciation rate is lower than 70% 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 Central Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Central Point - 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 Central Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$213,340

Central Point, OR HOME PRICES

Value Range
> $1,285,000 0.0
$964,001 - $1,285,000 0.7
$643,001 - $964,000 2.4
$514,001 - $643,000 1.8
$386,001 - $514,000 9.8
$257,001 - $386,000 26.3
$128,001 - $257,000 50.3
$64,001 - $128,000 1.6
$0 - $64,000 7.1

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
29.1280909410524 75.8454106280193

Number Of Homes And Apartments:
6,565

Central Point 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
57.28% 2.66% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Homeownership
Owners 62.72
Renters 37.28
Vacant 8.34

Housing Market Details

 

Age of Homes

AGE OF Central Point HOMES
2000 or Newer 27.8
1970 - 1999 52.9
1940 - 1969 14.8
1939 or Older 4.5

Types of Homes

TYPE OF Central Point HOMES
Single-Family 73.1
Townhomes 5.9
Small Apt. Buildings 5.9
Apt. Complexes 8.1
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Central Point HOMES
No Bedroom 0.63
1 Bedroom 4.94
2 Bedrooms 22.16
3 Bedrooms 61.34
4 Bedrooms 9.93
5 or more bedrooms 1.01