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 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

Cottage Grove Housing Market Information

With 9,969 people, 3,865 houses or apartments, and a median cost of homes of $217,824, 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 65.96% of the city's housing units. Other types of housing that are prevalent in Cottage Grove include large apartment complexes or high rise apartments ( 11.95%), duplexes, homes converted to apartments or other small apartment buildings ( 9.22%), and a few mobile homes or trailers ( 7.00%).

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 57.93% owning and 42.07% 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 ( 22.19%). A lesser amount of the housing stock also hails from before 1939 ( 21.73%). There's also some housing in Cottage Grove built between 2000 and later ( 16.44%).

Cottage Grove Home Appreciation Rates

Real estate appreciation rates in Cottage Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

Appreciation rates are so strong in Cottage Grove that despite a nationwide downturn in the housing market, Cottage Grove real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cottage Grove appreciation rates continue to be some of the highest in America, at 8.95%, which is higher than appreciation rates in 90.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cottage Grove. Cottage Grove appreciation rates in the latest quarter were at 1.01%, which equates to an annual appreciation rate of 4.11%.

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:
$217,824

Cottage Grove, OR HOME PRICES

Value Range
> $1,216,000 0.9
$912,001 - $1,216,000 0.7
$608,001 - $912,000 2.1
$487,001 - $608,000 4.4
$365,001 - $487,000 10.2
$243,001 - $365,000 20.3
$122,001 - $243,000 45.5
$61,001 - $122,000 6.1
$0 - $61,000 9.7

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
28.1202390718387 72.463768115942

Number Of Homes And Apartments:
3,865

Cottage Grove 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
51.07% 2.42% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 57.93
Renters 42.07
Vacant 6.69

Housing Market Details

 

Age of Homes

AGE OF Cottage Grove HOMES
2000 or Newer 16.4
1970 - 1999 39.6
1940 - 1969 22.2
1939 or Older 21.7

Types of Homes

TYPE OF Cottage Grove HOMES
Single-Family 66.0
Townhomes 5.9
Small Apt. Buildings 9.2
Apt. Complexes 12.0
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Cottage Grove HOMES
No Bedroom 2.75
1 Bedroom 10.00
2 Bedrooms 33.66
3 Bedrooms 39.45
4 Bedrooms 10.67
5 or more bedrooms 3.48

Popular Neighborhoods in Cottage Grove

Popular Communities Near Cottage Grove, OR

Zip Codes in Cottage Grove, OR