Cottage Grove OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Cottage Grove, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cottage Grove Housing Market Information

With 10,351 people, 3,968 houses or apartments, and a median cost of homes of $271,259, Cottage Grove real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cottage Grove, accounting for 68.29% of the city's housing units. Other types of housing that are prevalent in Cottage Grove include duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), large apartment complexes or high rise apartments ( 9.37%), and a few row houses and other attached homes ( 7.60%).

The most prevalent building size and type in Cottage Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.08% owning and 36.92% renting.

There is a lot of housing in Cottage Grove 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 Cottage Grove built between 1940-1969 ( 26.08%). A lesser amount of the housing stock also hails from before 1939 ( 20.40%). There's also some housing in Cottage Grove built between 2000 and later ( 15.10%).

Cottage Grove Home Appreciation Rates

Appreciation rates for homes in Cottage Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.85%, which ranks in the top 30% nationwide. This equates to an annual average Cottage Grove house appreciation rate of 3.63%.

Over the last year, Cottage Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Cottage Grove's appreciation rate has been 3.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cottage Grove were at 1.99%, which equates to an annual appreciation rate of 8.21%.

Importantly, this makes Cottage Grove 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 Cottage Grove's latest annual appreciation rate is lower than 60% 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 Cottage Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cottage Grove - 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 Cottage Grove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,259

Cottage Grove, OR HOME PRICES

Value Range
> $1,279,000 1.3
$959,001 - $1,279,000 1.0
$639,001 - $959,000 3.0
$511,001 - $639,000 4.9
$383,001 - $511,000 14.1
$256,001 - $383,000 26.1
$128,001 - $256,000 40.8
$64,001 - $128,000 1.8
$0 - $64,000 7.0

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
25.4423357664234 70.5314009661836

Number Of Homes And Apartments:
3,968

Cottage Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
89.69% 3.17%
2
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,141 / per month

Homeownership Rate

Homeownership
Owners 63.08
Renters 36.92
Vacant 6.11

Housing Market Details

 

Age of Homes

AGE OF Cottage Grove HOMES
2000 or Newer 15.1
1970 - 1999 38.4
1940 - 1969 26.1
1939 or Older 20.4

Types of Homes

TYPE OF Cottage Grove HOMES
Single-Family 68.3
Townhomes 7.6
Small Apt. Buildings 9.5
Apt. Complexes 9.4
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Cottage Grove HOMES
No Bedroom 1.40
1 Bedroom 8.71
2 Bedrooms 33.67
3 Bedrooms 45.39
4 Bedrooms 7.90
5 or more bedrooms 2.93

Popular Neighborhoods in Cottage Grove

Popular Communities Near Cottage Grove, OR

Zip Codes in Cottage Grove, OR