Cloverdale, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cloverdale, 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

Cloverdale Housing Market Information

With 253 people, 106 houses or apartments, and a median cost of homes of $355,094, Cloverdale house prices are not only among the most expensive in Oregon, Cloverdale real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Cloverdale, accounting for 94.62% of the town's housing units. Other types of housing that are prevalent in Cloverdale include mobile homes or trailers ( 5.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cloverdale. Owner-occupied housing accounts for 80.19% of Cloverdale's homes, and 93.85% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cloverdale's housing was primarily built during this period, from the '40s through the '60s. A full 44.62% of the town's housing hails from this era. Other housing ages represented in Cloverdale include homes built between 1970-1999 ( 41.54%) and housing constructed before 1939 ( 8.46%). There's also some housing in Cloverdale built between 2000 and later ( 5.38%).

Vacant housing appears to be an issue in Cloverdale. Fully 18.46% of the housing stock is classified as vacant. Left unchecked, vacant Cloverdale homes and apartments can be a drag on the real estate market, holding Cloverdale 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.

Cloverdale Home Appreciation Rates

Appreciation rates for homes in Cloverdale have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.11%, which ranks in the top 40% nationwide. This equates to an annual average Cloverdale house appreciation rate of 0.59%.

Appreciation rates are so strong in Cloverdale that despite a nationwide downturn in the housing market, Cloverdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cloverdale appreciation rates continue to be some of the highest in America, at 7.05%, which is higher than appreciation rates in 81.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cloverdale. Cloverdale appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

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

Relative to Oregon, our data show that Cloverdale's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$355,094

Cloverdale, OR HOME PRICES

Value Range
> $1,281,000 2.0
$961,001 - $1,281,000 0.6
$640,001 - $961,000 6.3
$512,001 - $640,000 16.8
$384,001 - $512,000 11.7
$256,001 - $384,000 31.4
$128,001 - $256,000 27.0
$64,001 - $128,000 0.0
$0 - $64,000 4.2

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
11.8188210476972 17.3913043478261

Number Of Homes And Apartments:
106

Cloverdale 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
83.59% 3.58% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,108 / per month

Homeownership Rate

Homeownership
Owners 80.19
Renters 19.81
Vacant 18.46

Housing Market Details

 

Age of Homes

AGE OF Cloverdale HOMES
2000 or Newer 5.4
1970 - 1999 41.5
1940 - 1969 44.6
1939 or Older 8.5

Types of Homes

TYPE OF Cloverdale HOMES
Single-Family 94.6
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Cloverdale HOMES
No Bedroom 0.00
1 Bedroom 6.15
2 Bedrooms 0.00
3 Bedrooms 60.00
4 Bedrooms 33.85
5 or more bedrooms 0.00

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