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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 20,830 people, 8,906 houses or apartments, and a median cost of homes of $322,338, real estate costs in Milwaukie 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 Milwaukie, accounting for 66.41% of the city's housing units. Other types of housing that are prevalent in Milwaukie include large apartment complexes or high rise apartments ( 23.04%), duplexes, homes converted to apartments or other small apartment buildings ( 7.08%), and a few row houses and other attached homes ( 2.76%).
The most prevalent building size and type in Milwaukie are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.15% owning and 42.85% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Milwaukie's housing was primarily built during this period, from the '40s through the '60s. A full 43.96% of the city's housing hails from this era. Other housing ages represented in Milwaukie include homes built between 1970-1999 ( 39.86%) and housing constructed before 1939 ( 12.49%). There's also some housing in Milwaukie built between 2000 and later ( 3.69%).
In the last 10 years, Milwaukie has experienced some of the highest home appreciation rates of any community in the nation. Milwaukie real estate appreciated 24.08% over the last ten years, which is an average annual home appreciation rate of 2.18%, putting Milwaukie in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Milwaukie definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Milwaukie that despite a nationwide downturn in the housing market, Milwaukie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Milwaukie appreciation rates continue to be some of the highest in America, at 13.14%, which is higher than appreciation rates in 98.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Milwaukie. Milwaukie appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.
Importantly, this makes Milwaukie 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 Milwaukie's latest annual appreciation rate is higher than 90% 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 Milwaukie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Milwaukie - 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 Milwaukie real estate investment or home purchase decisions.
|$1,102,001 - $1,469,000||1.1|
|$735,001 - $1,102,000||2.3|
|$588,001 - $735,000||1.6|
|$441,001 - $588,000||12.7|
|$294,001 - $441,000||52.1|
|$147,001 - $294,000||23.2|
|$74,001 - $147,000||1.9|
|$0 - $74,000||4.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Milwaukie HOMES|
|2000 or Newer||3.7|
|1970 - 1999||39.9|
|1940 - 1969||44.0|
|1939 or Older||12.5|
|TYPE OF Milwaukie HOMES|
|Small Apt. Buildings||7.1|
|SIZE OF Milwaukie HOMES|
|5 or more bedrooms||1.61|