Molalla, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Molalla, 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

Molalla Housing Market Information

With a population of 8,972, 3,130 total housing units (homes and apartments), and a median house value of $265,980, 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 70.32% of the city's housing units. Other types of housing that are prevalent in Molalla include large apartment complexes or high rise apartments ( 10.43%), mobile homes or trailers ( 8.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.29%).

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 65.40% of Molalla's homes, and 65.04% have either three or four bedrooms, which is average sized relative to America.

Molalla homes and real estate are some of the newest in America. 37.91% of Molalla's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Molalla real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.41%), and between 1940-1969 ( 17.09%). There's also some housing in Molalla built before 1939 ( 7.60%).

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 6.07%, which ranks in the top 40% nationwide. This equates to an annual average Molalla house appreciation rate of 0.59%.

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 10.51%, which is higher than appreciation rates in 95.12% 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 2.08%, which equates to an annual appreciation rate of 8.56%.

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 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$265,980

Molalla, OR HOME PRICES

Value Range
> $1,366,000 0.5
$1,025,001 - $1,366,000 0.0
$683,001 - $1,025,000 3.0
$546,001 - $683,000 4.4
$410,001 - $546,000 8.1
$273,001 - $410,000 36.8
$137,001 - $273,000 40.0
$68,001 - $137,000 0.7
$0 - $68,000 6.5

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
20.2683698581976 50.7246376811594

Number Of Homes And Apartments:
3,130

Molalla 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
65.23% 2.95% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,347 / per month

Homeownership Rate

Homeownership
Owners 65.40
Renters 34.60
Vacant 1.70

Housing Market Details

 

Age of Homes

AGE OF Molalla HOMES
2000 or Newer 37.9
1970 - 1999 37.4
1940 - 1969 17.1
1939 or Older 7.6

Types of Homes

TYPE OF Molalla HOMES
Single-Family 70.3
Townhomes 3.3
Small Apt. Buildings 7.3
Apt. Complexes 10.4
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Molalla HOMES
No Bedroom 3.77
1 Bedroom 3.96
2 Bedrooms 21.89
3 Bedrooms 52.73
4 Bedrooms 12.31
5 or more bedrooms 5.34

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Zip Codes in Molalla, OR