Newberg, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Newberg Neighborhoods Since 2000




Newberg, 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

Newberg Housing Market Information

With 22,780 people, 7,602 houses or apartments, and a median cost of homes of $273,343, Newberg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Newberg, accounting for 59.65% of the city's housing units. Other types of housing that are prevalent in Newberg include large apartment complexes or high rise apartments ( 16.08%), mobile homes or trailers ( 8.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.05%).

The most prevalent building size and type in Newberg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.38% owning and 43.62% renting.

There is a lot of housing in Newberg 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 Newberg built between 2000 and later ( 22.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.10%). There's also some housing in Newberg built before 1939 ( 10.09%).

Newberg Home Appreciation Rates

Appreciation rates for homes in Newberg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.81%, which ranks in the top 30% nationwide. This equates to an annual average Newberg house appreciation rate of 0.94%.

Appreciation rates are so strong in Newberg that despite a nationwide downturn in the housing market, Newberg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Newberg appreciation rates continue to be some of the highest in America, at 11.77%, which is higher than appreciation rates in 97.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Newberg. Newberg appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Newberg 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 Newberg's latest annual appreciation rate is higher than 80% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Newberg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Newberg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Newberg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$273,343

Newberg, OR HOME PRICES

Value Range
> $1,343,000 0.1
$1,008,001 - $1,343,000 0.7
$672,001 - $1,008,000 5.2
$538,001 - $672,000 2.8
$403,001 - $538,000 9.2
$269,001 - $403,000 39.4
$134,001 - $269,000 30.9
$67,001 - $134,000 2.7
$0 - $67,000 9.0

Average for OR
Very High for Nation

Value Relative to Nation Value Relative to State
19.2956756123286 46.8599033816425

Number Of Homes And Apartments:
7,602

Newberg 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
75.20% 3.30% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,367 / per month

Homeownership Rate

Homeownership
Owners 56.38
Renters 43.62
Vacant 6.82

Housing Market Details

 

Age of Homes

AGE OF Newberg HOMES
2000 or Newer 22.5
1970 - 1999 50.3
1940 - 1969 17.1
1939 or Older 10.1

Types of Homes

TYPE OF Newberg HOMES
Single-Family 59.6
Townhomes 7.9
Small Apt. Buildings 8.1
Apt. Complexes 16.1
Mobile Homes 8.3
Other 0.0

Home Size

SIZE OF Newberg HOMES
No Bedroom 2.93
1 Bedroom 4.73
2 Bedrooms 25.96
3 Bedrooms 48.59
4 Bedrooms 15.02
5 or more bedrooms 2.77