Gaston, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gaston, 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

Gaston Housing Market Information

With a population of 688, 214 total housing units (homes and apartments), and a median house value of $486,132, Gaston house prices are not only among the most expensive in Oregon, Gaston real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Gaston, accounting for 66.81% of the city's housing units. Other types of housing that are prevalent in Gaston include duplexes, homes converted to apartments or other small apartment buildings ( 14.22%), mobile homes or trailers ( 11.64%), and a few large apartment complexes or high rise apartments ( 7.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gaston. Owner-occupied housing accounts for 65.89% of Gaston's homes, and 77.16% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gaston 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 Gaston built between 2000 and later ( 20.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.81%). There's also some housing in Gaston built before 1939 ( 15.09%).

Gaston Home Appreciation Rates

Appreciation rates for homes in Gaston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.06%, which ranks in the top 30% nationwide. This equates to an annual average Gaston house appreciation rate of 1.32%.

Appreciation rates are so strong in Gaston that despite a nationwide downturn in the housing market, Gaston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gaston appreciation rates continue to be some of the highest in America, at 11.72%, which is higher than appreciation rates in 97.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gaston. Gaston appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Gaston 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 Gaston's latest annual appreciation rate is higher than 70% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$486,132

Gaston, OR HOME PRICES

Value Range
> $1,349,000 1.2
$1,012,001 - $1,349,000 4.7
$675,001 - $1,012,000 25.8
$540,001 - $675,000 13.1
$405,001 - $540,000 14.1
$270,001 - $405,000 18.3
$135,001 - $270,000 12.4
$67,001 - $135,000 3.0
$0 - $67,000 7.4

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
6.27563576702215 3.38164251207729

Number Of Homes And Apartments:
214

Gaston 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
79.78% 3.46% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,332 / per month

Homeownership Rate

Homeownership
Owners 65.89
Renters 34.11
Vacant 7.76

Housing Market Details

 

Age of Homes

AGE OF Gaston HOMES
2000 or Newer 20.7
1970 - 1999 47.4
1940 - 1969 16.8
1939 or Older 15.1

Types of Homes

TYPE OF Gaston HOMES
Single-Family 66.8
Townhomes 0.0
Small Apt. Buildings 14.2
Apt. Complexes 7.3
Mobile Homes 11.6
Other 0.0

Home Size

SIZE OF Gaston HOMES
No Bedroom 0.00
1 Bedroom 13.36
2 Bedrooms 8.19
3 Bedrooms 59.91
4 Bedrooms 17.24
5 or more bedrooms 1.29

Popular Neighborhoods in Gaston

Zip Codes in Gaston, OR