Pendleton, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pendleton Neighborhoods Since 2000




Pendleton, OR Real Estate Data


Pendleton Housing Market Information

With 16,881 people, 6,213 houses or apartments, and a median cost of homes of $189,616, Pendleton real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Pendleton homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Pendleton, accounting for 65.61% of the city's housing units. Other types of housing that are prevalent in Pendleton include large apartment complexes or high rise apartments ( 14.12%), duplexes, homes converted to apartments or other small apartment buildings ( 11.25%), and a few mobile homes or trailers ( 6.59%).

The most prevalent building size and type in Pendleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.52% owning and 50.48% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Pendleton's housing was primarily built during this period, from the '40s through the '60s. A full 40.64% of the city's housing hails from this era. Other housing ages represented in Pendleton include homes built between 1970-1999 ( 33.33%) and housing constructed before 1939 ( 19.63%). There's also some housing in Pendleton built between 2000 and later ( 6.40%).

Pendleton Home Appreciation Rates

Appreciation rates for homes in Pendleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.65%, which ranks in the top 30% nationwide. This equates to an annual average Pendleton house appreciation rate of 1.20%.

Appreciation rates are so strong in Pendleton that despite a nationwide downturn in the housing market, Pendleton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pendleton appreciation rates continue to be some of the highest in America, at 7.43%, which is higher than appreciation rates in 88.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pendleton. Pendleton appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Pendleton 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 Pendleton's latest annual appreciation rate is lower than 70% 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 Pendleton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pendleton - 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 Pendleton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$189,616

Pendleton, OR HOME PRICES

Value Range
> $1,160,000 0.9
$870,001 - $1,160,000 1.0
$580,001 - $870,000 2.1
$464,001 - $580,000 2.7
$348,001 - $464,000 8.0
$232,001 - $348,000 19.7
$116,001 - $232,000 45.0
$58,001 - $116,000 14.7
$0 - $58,000 6.0

Very Low for OR
High for Nation

Value Relative to Nation Value Relative to State
35.8728113837325 82.6086956521739

Number Of Homes And Apartments:
6,213

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 49.52
Renters 50.48
Vacant 6.68

Housing Market Details

 

Age of Homes

AGE OF Pendleton HOMES
2000 or Newer 6.4
1970 - 1999 33.3
1940 - 1969 40.6
1939 or Older 19.6

Types of Homes

TYPE OF Pendleton HOMES
Single-Family 65.6
Townhomes 2.1
Small Apt. Buildings 11.2
Apt. Complexes 14.1
Mobile Homes 6.6
Other 0.4

Home Size

SIZE OF Pendleton HOMES
No Bedroom 5.08
1 Bedroom 9.99
2 Bedrooms 30.67
3 Bedrooms 38.96
4 Bedrooms 12.65
5 or more bedrooms 2.66

Pendleton 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
44.36% 2.18% 1 5
* 10 is highest

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Zip Codes in Pendleton, OR