South Beach / Forfar median real estate price is $285,223, which is more expensive than 44.5% of the neighborhoods in Oregon and 69.7% of the neighborhoods in the U.S.
The average rental price in South Beach / Forfar is currently $1,203, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.9% of Oregon neighborhoods.
South Beach / Forfar is a rural neighborhood (based on population density) located in Newport, Oregon. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
South Beach / Forfar real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the South Beach / Forfar neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in South Beach / Forfar. The current real estate vacancy rate here is 34.3%. This is higher than the rate of vacancies in 95.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (27.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.