North Bend, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating North Bend Neighborhoods Since 2000




North Bend, OR Real Estate Data


North Bend Housing Market Information

With 9,673 people, 3,697 houses or apartments, and a median cost of homes of $199,616, North Bend real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Bend, accounting for 66.69% of the city's housing units. Other types of housing that are prevalent in North Bend include large apartment complexes or high rise apartments ( 21.43%), duplexes, homes converted to apartments or other small apartment buildings ( 8.00%), and a few row houses and other attached homes ( 2.96%).

The most prevalent building size and type in North Bend are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.86% owning and 43.14% renting.

There is a lot of housing in North Bend 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 North Bend built between 1940-1969 ( 32.21%). A lesser amount of the housing stock also hails from before 1939 ( 16.95%). There's also some housing in North Bend built between 2000 and later ( 6.21%).

North Bend Home Appreciation Rates

North Bend's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Bend during the period has been just -1.75%, which is lower than 80% of US communities.

Appreciation rates are so strong in North Bend that despite a nationwide downturn in the housing market, North Bend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Bend appreciation rates continue to be some of the highest in America, at 7.17%, which is higher than appreciation rates in 85.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Bend. North Bend appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes North Bend 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 North Bend's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$199,616

North Bend, OR HOME PRICES

Value Range
> $1,180,000 0.8
$885,001 - $1,180,000 0.0
$591,001 - $885,000 1.8
$472,001 - $591,000 2.4
$354,001 - $472,000 6.4
$236,001 - $354,000 20.0
$118,001 - $236,000 58.4
$59,001 - $118,000 7.2
$0 - $59,000 3.1

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
33.2962464133044 79.2270531400966

Number Of Homes And Apartments:
3,697

Rent & Ownership

 

Average Market Rent:
$1,147 / per month

Homeownership Rate

Homeownership
Owners 56.86
Renters 43.14
Vacant 8.10

Housing Market Details

 

Age of Homes

AGE OF North Bend HOMES
2000 or Newer 6.2
1970 - 1999 44.6
1940 - 1969 32.2
1939 or Older 17.0

Types of Homes

TYPE OF North Bend HOMES
Single-Family 66.7
Townhomes 3.0
Small Apt. Buildings 8.0
Apt. Complexes 21.4
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF North Bend HOMES
No Bedroom 1.54
1 Bedroom 14.39
2 Bedrooms 30.95
3 Bedrooms 33.88
4 Bedrooms 13.77
5 or more bedrooms 5.47

North Bend Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
80.04% 3.52% 9 9
* 10 is highest

Popular Neighborhoods in North Bend

Popular Communities Near North Bend, OR

Zip Codes in North Bend, OR