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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Cottage Grove HOMES|
|2000 or Newer||15.1|
|1970 - 1999||38.4|
|1940 - 1969||26.1|
|1939 or Older||20.4|
|TYPE OF Cottage Grove HOMES|
|Small Apt. Buildings||9.5|
|SIZE OF Cottage Grove HOMES|
|5 or more bedrooms||2.93|