Myrtle Creek, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Myrtle Creek Neighborhoods Since 2000




Myrtle Creek, 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

Myrtle Creek Housing Market Information

With a population of 3,459, 1,307 total housing units (homes and apartments), and a median house value of $239,175, Myrtle Creek real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Myrtle Creek, accounting for 78.67% of the city's housing units. Other types of housing that are prevalent in Myrtle Creek include large apartment complexes or high rise apartments ( 10.76%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 2.13%).

The most prevalent building size and type in Myrtle Creek are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.18% owning and 50.82% renting.

There is a lot of housing in Myrtle Creek 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 Myrtle Creek built between 1940-1969 ( 31.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.75%). There's also some housing in Myrtle Creek built before 1939 ( 8.31%).

Vacant housing appears to be an issue in Myrtle Creek. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Myrtle Creek homes and apartments can be a drag on the real estate market, holding Myrtle Creek 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.

Myrtle Creek Home Appreciation Rates

Myrtle Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Myrtle Creek during the period has been just -1.21%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Myrtle Creek's appreciation rate, at 4.04%, has been at or slightly above the national average. In the latest quarter, Myrtle Creek's appreciation rate has been 0.46%, which annualizes to a rate of 1.84%.

Relative to Oregon, our data show that Myrtle Creek's latest annual appreciation rate is lower than 90% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$239,175

Myrtle Creek, OR HOME PRICES

Value Range
> $1,197,000 2.6
$898,001 - $1,197,000 0.1
$599,001 - $898,000 1.2
$479,001 - $599,000 6.1
$359,001 - $479,000 7.4
$239,001 - $359,000 15.5
$120,001 - $239,000 55.5
$60,001 - $120,000 6.1
$0 - $60,000 5.5

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
24.2294620883628 63.2850241545894

Number Of Homes And Apartments:
1,307

Myrtle Creek 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
51.55% 2.44% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,020 / per month

Homeownership Rate

Homeownership
Owners 49.18
Renters 50.82
Vacant 13.16

Housing Market Details

 

Age of Homes

AGE OF Myrtle Creek HOMES
2000 or Newer 13.8
1970 - 1999 46.2
1940 - 1969 31.8
1939 or Older 8.3

Types of Homes

TYPE OF Myrtle Creek HOMES
Single-Family 78.7
Townhomes 2.1
Small Apt. Buildings 7.0
Apt. Complexes 10.8
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Myrtle Creek HOMES
No Bedroom 0.00
1 Bedroom 8.77
2 Bedrooms 34.15
3 Bedrooms 51.56
4 Bedrooms 4.39
5 or more bedrooms 1.13

Popular Neighborhoods in Myrtle Creek

Popular Communities Near Myrtle Creek, OR

Zip Codes in Myrtle Creek, OR