Creswell, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Creswell, OR Real Estate Data


Creswell Housing Market Information

With 5,199 people, 1,919 houses or apartments, and a median cost of homes of $315,013, real estate costs in Creswell are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.

Single-family detached homes are the single most common housing type in Creswell, accounting for 69.43% of the city's housing units. Other types of housing that are prevalent in Creswell include mobile homes or trailers ( 17.38%), duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), and a few row houses and other attached homes ( 3.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Creswell. Owner-occupied housing accounts for 78.08% of Creswell's homes, and 76.33% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Creswell 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 Creswell built between 2000 and later ( 40.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.71%). There's also some housing in Creswell built before 1939 ( 4.43%).

Creswell Home Appreciation Rates

Real estate appreciation rates in Creswell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Appreciation rates are so strong in Creswell that despite a nationwide downturn in the housing market, Creswell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Creswell appreciation rates continue to be some of the highest in America, at 9.56%, which is higher than appreciation rates in 91.87% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Creswell. Creswell appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.76%.

Relative to Oregon, our data show that Creswell's latest annual appreciation rate is higher than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$315,013

Creswell, OR HOME PRICES

Value Range
> $1,211,000 1.7
$908,001 - $1,211,000 4.1
$606,001 - $908,000 5.5
$484,001 - $606,000 6.8
$364,001 - $484,000 11.8
$242,001 - $364,000 25.2
$121,001 - $242,000 27.0
$61,001 - $121,000 6.5
$0 - $61,000 11.4

High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
14.7017461619595 27.536231884058

Number Of Homes And Apartments:
1,919

Rent & Ownership

 

Average Market Rent:
$1,107 / per month

Homeownership Rate

Homeownership
Owners 78.08
Renters 21.92
Vacant 8.62

Housing Market Details

 

Age of Homes

AGE OF Creswell HOMES
2000 or Newer 40.9
1970 - 1999 47.0
1940 - 1969 7.7
1939 or Older 4.4

Types of Homes

TYPE OF Creswell HOMES
Single-Family 69.4
Townhomes 3.5
Small Apt. Buildings 6.6
Apt. Complexes 3.1
Mobile Homes 17.4
Other 0.0

Home Size

SIZE OF Creswell HOMES
No Bedroom 0.00
1 Bedroom 7.19
2 Bedrooms 15.90
3 Bedrooms 68.29
4 Bedrooms 8.05
5 or more bedrooms 0.57

Creswell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
65.18% 2.95% 6 8
* 10 is highest

Popular Neighborhoods in Creswell

Zip Codes in Creswell, OR