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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Monmouth, OR Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Monmouth, OR Housing Market Trends

With 11,274 people, 3,356 houses or apartments, and a median cost of homes of $505,401, Monmouth real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Monmouth, accounting for 55.27% of the city's housing units. Other types of housing that are prevalent in Monmouth include large apartment complexes or high rise apartments ( 22.73%), duplexes, homes converted to apartments or other small apartment buildings ( 9.89%), and a few row houses and other attached homes ( 8.60%).

The most prevalent building size and type in Monmouth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.19% owning and 60.81% renting.

There is a lot of housing in Monmouth 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 Monmouth built between 2000 and later ( 34.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.94%). There's also some housing in Monmouth built before 1939 ( 4.56%).

Vacant housing appears to be an issue in Monmouth. Fully 10.05% of the housing stock is classified as vacant. Left unchecked, vacant Monmouth homes and apartments can be a drag on the real estate market, holding Monmouth 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.

Monmouth Home Appreciation Rates

In the last 10 years, Monmouth has experienced some of the highest home appreciation rates of any community in the nation. Monmouth real estate appreciated 126.89% over the last ten years, which is an average annual home appreciation rate of 8.54%, putting Monmouth in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Monmouth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Monmouth appreciation rates have trailed the rest of the nation. In the last twelve months, Monmouth's appreciation rate has been 1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Monmouth were at -0.28%, which equates to an annual appreciation rate of -1.10%.

Relative to Oregon, our data show that Monmouth's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.

Average Home Values

Median Home Value

$505,401

Monmouth, OR Home Prices
> $1,467,000
$1,100,001 - $1,467,000
$734,001 - $1,100,000
$587,001 - $734,000
$440,001 - $587,000
$293,001 - $440,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
0.0%
0.0%
2.0%
2.0%
12.3%
12.3%
20.7%
20.7%
38.4%
38.4%
17.8%
17.8%
4.0%
4.0%
0.0%
0.0%
4.8%
4.8%
0% 100.0%
% of Homes
High

for Oregon

Very High

for nation

Number of Homes And Apartments:

3,356

Monmouth Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,361 / per month

Homeownership Rate

Owners
Renters
39.2%
39.2%
60.8%
60.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.7%
34.7%
43.8%
43.8%
16.9%
16.9%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.3%
55.3%
8.6%
8.6%
9.9%
9.9%
22.7%
22.7%
3.5%
3.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
13.1%
13.1%
25.5%
25.5%
44.7%
44.7%
11.7%
11.7%
3.6%
3.6%
0% 100.0%
% of Homes