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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Cottage Grove Housing Market Information

With a population of 10,351, 4,022 total housing units (homes and apartments), and a median house value of $278,134, 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 64.79% 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 ( 11.68%), large apartment complexes or high rise apartments ( 9.71%), and a few mobile homes or trailers ( 6.92%).

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 60.16% owning and 39.84% 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 ( 25.08%). A lesser amount of the housing stock also hails from before 1939 ( 20.00%). There's also some housing in Cottage Grove built between 2000 and later ( 16.01%).

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 36.23%, which ranks in the top 30% nationwide. This equates to an annual average Cottage Grove house appreciation rate of 3.14%.

NeighborhoodScout's data show that during the latest twelve months, Cottage Grove's appreciation rate, at 4.39%, has been at or slightly above the national average. In the latest quarter, Cottage Grove's appreciation rate has been 2.35%, which annualizes to a rate of 9.73%.

Relative to Oregon, our data show that Cottage Grove's latest annual appreciation rate is lower 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 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:
$278,134

Cottage Grove, OR HOME PRICES

Value Range
> $1,378,000 1.3
$1,033,001 - $1,378,000 1.1
$689,001 - $1,033,000 2.6
$551,001 - $689,000 5.1
$414,001 - $551,000 12.9
$275,001 - $414,000 22.0
$138,001 - $275,000 42.7
$69,001 - $138,000 4.1
$0 - $69,000 8.2

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
23.2233576642336 62.8019323671498

Number Of Homes And Apartments:
4,022

Cottage Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
89.12% 3.28%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,221 / per month

Homeownership Rate

Homeownership
Owners 60.16
Renters 39.84
Vacant 7.20

Housing Market Details

 

Age of Homes

AGE OF Cottage Grove HOMES
2000 or Newer 16.0
1970 - 1999 38.9
1940 - 1969 25.1
1939 or Older 20.0

Types of Homes

TYPE OF Cottage Grove HOMES
Single-Family 64.8
Townhomes 6.9
Small Apt. Buildings 11.7
Apt. Complexes 9.7
Mobile Homes 6.9
Other 0.0

Home Size

SIZE OF Cottage Grove HOMES
No Bedroom 1.92
1 Bedroom 9.85
2 Bedrooms 32.37
3 Bedrooms 43.93
4 Bedrooms 9.48
5 or more bedrooms 2.45

Popular Neighborhoods in Cottage Grove

Popular Communities Near Cottage Grove, OR

Zip Codes in Cottage Grove, OR