Gresham, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gresham, OR Real Estate Data


Gresham Housing Market Information

With a population of 110,553, 38,556 total housing units (homes and apartments), and a median house value of $288,613, Gresham real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Gresham, accounting for 51.95% of the city's housing units. Other types of housing that are prevalent in Gresham include large apartment complexes or high rise apartments ( 25.58%), duplexes, homes converted to apartments or other small apartment buildings ( 12.58%), and a few row houses and other attached homes ( 6.31%).

The most prevalent building size and type in Gresham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.55% owning and 48.45% renting.

There is a lot of housing in Gresham 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 Gresham built between 1940-1969 ( 20.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.91%). There's also some housing in Gresham built before 1939 ( 2.35%).

Gresham Home Appreciation Rates

Appreciation rates for homes in Gresham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.87%, which ranks in the top 50% nationwide. This equates to an annual average Gresham house appreciation rate of 0.57%.

Appreciation rates are so strong in Gresham that despite a nationwide downturn in the housing market, Gresham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gresham appreciation rates continue to be some of the highest in America, at 9.24%, which is higher than appreciation rates in 96.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gresham. Gresham appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.68%.

Importantly, NeighborhoodScout’s exclusive research found that Gresham's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Oregon, our data show that Gresham's latest annual appreciation rate is higher than 70% 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 Gresham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gresham - 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 Gresham real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$288,613

Gresham, OR HOME PRICES

Value Range
> $1,414,000 0.2
$1,060,001 - $1,414,000 0.2
$707,001 - $1,060,000 1.2
$565,001 - $707,000 1.9
$424,001 - $565,000 8.9
$283,001 - $424,000 39.8
$141,001 - $283,000 35.1
$71,001 - $141,000 3.7
$0 - $71,000 8.9

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
18.0769455993441 43.4782608695652

Number Of Homes And Apartments:
38,556

Rent & Ownership

 

Average Market Rent:
$1,279 / per month

Homeownership Rate

Homeownership
Owners 51.55
Renters 48.45
Vacant 4.88

Housing Market Details

 

Age of Homes

AGE OF Gresham HOMES
2000 or Newer 14.9
1970 - 1999 62.4
1940 - 1969 20.4
1939 or Older 2.4

Types of Homes

TYPE OF Gresham HOMES
Single-Family 52.0
Townhomes 6.3
Small Apt. Buildings 12.6
Apt. Complexes 25.6
Mobile Homes 3.5
Other 0.1

Home Size

SIZE OF Gresham HOMES
No Bedroom 1.86
1 Bedroom 10.54
2 Bedrooms 30.66
3 Bedrooms 39.84
4 Bedrooms 14.24
5 or more bedrooms 2.86

Gresham Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.00% 2.92% 5 8
* 10 is highest