Creswell, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Creswell, 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

Creswell Housing Market Information

With a population of 5,199, 1,919 total housing units (homes and apartments), and a median house value of $318,570, 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 -0.03% 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 8.58%, which is higher than appreciation rates in 89.24% 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 1.01%, which equates to an annual appreciation rate of 4.11%.

Relative to Oregon, our data show that Creswell's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$318,570

Creswell, OR HOME PRICES

Value Range
> $1,224,000 1.7
$918,001 - $1,224,000 4.1
$612,001 - $918,000 5.5
$489,001 - $612,000 6.8
$367,001 - $489,000 11.8
$245,001 - $367,000 25.2
$123,001 - $245,000 27.0
$61,001 - $123,000 6.5
$0 - $61,000 11.4

High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
14.660728934724 29.4685990338164

Number Of Homes And Apartments:
1,919

Creswell 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
67.13% 3.02% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,197 / 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

Popular Neighborhoods in Creswell

Zip Codes in Creswell, OR