Monmouth, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Monmouth Neighborhoods Since 2000




Monmouth, 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

Monmouth Housing Market Information

With a population of 10,032, 3,500 total housing units (homes and apartments), and a median house value of $242,487, 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 59.13% of the city's housing units. Other types of housing that are prevalent in Monmouth include large apartment complexes or high rise apartments ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), and a few mobile homes or trailers ( 4.31%).

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 42.18% owning and 57.82% 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 1940-1969 ( 29.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.13%). There's also some housing in Monmouth built before 1939 ( 5.15%).

Monmouth Home Appreciation Rates

Appreciation rates for homes in Monmouth have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.43%, which ranks in the top 40% nationwide. This equates to an annual average Monmouth house appreciation rate of 0.72%.

Appreciation rates are so strong in Monmouth that despite a nationwide downturn in the housing market, Monmouth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Monmouth appreciation rates continue to be some of the highest in America, at 10.12%, which is higher than appreciation rates in 94.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Monmouth. Monmouth appreciation rates in the latest quarter were at 2.28%, which equates to an annual appreciation rate of 9.45%.

Importantly, this makes Monmouth 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 Monmouth's latest annual appreciation rate is higher than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$242,487

Monmouth, OR HOME PRICES

Value Range
> $1,226,000 1.0
$919,001 - $1,226,000 0.6
$613,001 - $919,000 1.9
$490,001 - $613,000 2.0
$367,001 - $490,000 15.1
$245,001 - $367,000 34.9
$122,001 - $245,000 35.2
$61,001 - $122,000 2.5
$0 - $61,000 6.7

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
23.672799718739 61.3526570048309

Number Of Homes And Apartments:
3,500

Monmouth 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
56.79% 2.64% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 42.18
Renters 57.82
Vacant 5.07

Housing Market Details

 

Age of Homes

AGE OF Monmouth HOMES
2000 or Newer 21.1
1970 - 1999 44.3
1940 - 1969 29.4
1939 or Older 5.2

Types of Homes

TYPE OF Monmouth HOMES
Single-Family 59.1
Townhomes 2.7
Small Apt. Buildings 9.2
Apt. Complexes 24.7
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Monmouth HOMES
No Bedroom 3.34
1 Bedroom 11.47
2 Bedrooms 28.23
3 Bedrooms 37.86
4 Bedrooms 17.03
5 or more bedrooms 2.06

Zip Codes in Monmouth, OR