Coos Bay, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coos Bay, 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

Coos Bay Housing Market Information

With 16,182 people, 6,734 houses or apartments, and a median cost of homes of $203,338, Coos Bay real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Coos Bay, accounting for 66.65% of the city's housing units. Other types of housing that are prevalent in Coos Bay include large apartment complexes or high rise apartments ( 13.23%), mobile homes or trailers ( 8.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.40%).

The most prevalent building size and type in Coos Bay are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.42% owning and 45.58% renting.

There is a lot of housing in Coos Bay 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 Coos Bay built between 1940-1969 ( 34.30%). A lesser amount of the housing stock also hails from before 1939 ( 13.81%). There's also some housing in Coos Bay built between 2000 and later ( 10.32%).

Vacant housing appears to be an issue in Coos Bay. Fully 13.66% of the housing stock is classified as vacant. Left unchecked, vacant Coos Bay homes and apartments can be a drag on the real estate market, holding Coos Bay 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.

Coos Bay Home Appreciation Rates

Coos Bay's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coos Bay during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Coos Bay that despite a nationwide downturn in the housing market, Coos Bay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coos Bay appreciation rates continue to be some of the highest in America, at 9.73%, which is higher than appreciation rates in 93.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coos Bay. Coos Bay appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.84%.

Relative to Oregon, our data show that Coos Bay's latest annual appreciation rate is higher than 50% 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 Coos Bay differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coos Bay - 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 Coos Bay real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$203,338

Coos Bay, OR HOME PRICES

Value Range
> $1,224,000 0.0
$918,001 - $1,224,000 0.3
$612,001 - $918,000 1.5
$490,001 - $612,000 1.5
$367,001 - $490,000 9.2
$245,001 - $367,000 23.0
$122,001 - $245,000 37.1
$61,001 - $122,000 15.6
$0 - $61,000 11.8

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
31.4309152701277 79.7101449275362

Number Of Homes And Apartments:
6,734

Coos Bay 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
91.61% 3.84% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 54.42
Renters 45.58
Vacant 13.66

Housing Market Details

 

Age of Homes

AGE OF Coos Bay HOMES
2000 or Newer 10.3
1970 - 1999 41.6
1940 - 1969 34.3
1939 or Older 13.8

Types of Homes

TYPE OF Coos Bay HOMES
Single-Family 66.6
Townhomes 2.9
Small Apt. Buildings 8.4
Apt. Complexes 13.2
Mobile Homes 8.8
Other 0.0

Home Size

SIZE OF Coos Bay HOMES
No Bedroom 2.27
1 Bedroom 9.96
2 Bedrooms 34.16
3 Bedrooms 41.43
4 Bedrooms 11.10
5 or more bedrooms 1.08