Molalla, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Molalla, OR Real Estate Data


Molalla Housing Market Information

With a population of 8,972, 3,057 total housing units (homes and apartments), and a median house value of $295,092, Molalla real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Molalla, accounting for 71.20% of the city's housing units. Other types of housing that are prevalent in Molalla include large apartment complexes or high rise apartments ( 10.96%), mobile homes or trailers ( 8.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Molalla. Owner-occupied housing accounts for 68.88% of Molalla's homes, and 64.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Molalla 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 Molalla built between 2000 and later ( 33.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.23%). There's also some housing in Molalla built before 1939 ( 4.71%).

Molalla Home Appreciation Rates

Appreciation rates for homes in Molalla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.20%, which ranks in the top 50% nationwide. This equates to an annual average Molalla house appreciation rate of 0.60%.

Appreciation rates are so strong in Molalla that despite a nationwide downturn in the housing market, Molalla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Molalla appreciation rates continue to be some of the highest in America, at 9.09%, which is higher than appreciation rates in 95.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Molalla. Molalla appreciation rates in the latest quarter were at 4.15%, which equates to an annual appreciation rate of 17.68%.

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

Average Home Values

 

Median Home Value:
$295,092

Molalla, OR HOME PRICES

Value Range
> $1,391,000 0.0
$1,043,001 - $1,391,000 0.0
$696,001 - $1,043,000 3.3
$556,001 - $696,000 3.6
$417,001 - $556,000 8.2
$278,001 - $417,000 37.4
$139,001 - $278,000 40.8
$69,001 - $139,000 0.9
$0 - $69,000 5.7

High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
17.3273994261287 38.1642512077295

Number Of Homes And Apartments:
3,057

Rent & Ownership

 

Average Market Rent:
$1,161 / per month

Homeownership Rate

Homeownership
Owners 68.88
Renters 31.12
Vacant 0.62

Housing Market Details

 

Age of Homes

AGE OF Molalla HOMES
2000 or Newer 33.6
1970 - 1999 48.5
1940 - 1969 13.2
1939 or Older 4.7

Types of Homes

TYPE OF Molalla HOMES
Single-Family 71.2
Townhomes 2.5
Small Apt. Buildings 6.7
Apt. Complexes 11.0
Mobile Homes 8.6
Other 0.0

Home Size

SIZE OF Molalla HOMES
No Bedroom 3.25
1 Bedroom 4.03
2 Bedrooms 22.24
3 Bedrooms 53.38
4 Bedrooms 11.44
5 or more bedrooms 5.66

Molalla 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
59.88% 2.80% 4 7
* 10 is highest

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Zip Codes in Molalla, OR