Hood River, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hood River, OR Real Estate Data


Hood River Housing Market Information

With a population of 7,624, 3,062 total housing units (homes and apartments), and a median house value of $389,288, Hood River house prices are not only among the most expensive in Oregon, Hood River 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 Hood River, accounting for 60.34% of the city's housing units. Other types of housing that are prevalent in Hood River include large apartment complexes or high rise apartments ( 25.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.27%), and a few row houses and other attached homes ( 2.28%).

The most prevalent building size and type in Hood River are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.99% owning and 52.01% renting.

There is a lot of housing in Hood River 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 Hood River built between 1940-1969 ( 26.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.25%). There's also some housing in Hood River built before 1939 ( 16.68%).

Vacant housing appears to be an issue in Hood River. Fully 13.87% of the housing stock is classified as vacant. Left unchecked, vacant Hood River homes and apartments can be a drag on the real estate market, holding Hood River real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hood River Home Appreciation Rates

Appreciation rates for homes in Hood River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.34%, which ranks in the top 40% nationwide. This equates to an annual average Hood River house appreciation rate of 1.08%.

Appreciation rates are so strong in Hood River that despite a nationwide downturn in the housing market, Hood River real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hood River appreciation rates continue to be some of the highest in America, at 7.96%, which is higher than appreciation rates in 91.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hood River. Hood River appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Hood River 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 Hood River's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$389,288

Hood River, OR HOME PRICES

Value Range
> $1,241,000 0.3
$931,001 - $1,241,000 5.3
$620,001 - $931,000 4.4
$496,001 - $620,000 12.7
$373,001 - $496,000 30.9
$248,001 - $373,000 26.9
$125,001 - $248,000 11.9
$62,001 - $125,000 0.8
$0 - $62,000 6.8

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
10.2711249048428 14.0096618357488

Number Of Homes And Apartments:
3,062

Rent & Ownership

 

Average Market Rent:
$959 / per month

Homeownership Rate

Homeownership
Owners 47.99
Renters 52.01
Vacant 13.87

Housing Market Details

 

Age of Homes

AGE OF Hood River HOMES
2000 or Newer 24.2
1970 - 1999 33.1
1940 - 1969 26.0
1939 or Older 16.7

Types of Homes

TYPE OF Hood River HOMES
Single-Family 60.3
Townhomes 2.3
Small Apt. Buildings 10.3
Apt. Complexes 25.2
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Hood River HOMES
No Bedroom 2.78
1 Bedroom 13.08
2 Bedrooms 30.35
3 Bedrooms 41.18
4 Bedrooms 11.20
5 or more bedrooms 1.41

Hood River 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
111.35% 4.50% 10 10
* 10 is highest

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Zip Codes in Hood River, OR