Pendleton, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pendleton Neighborhoods Since 2000




Pendleton, 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

Pendleton Housing Market Information

With 16,881 people, 6,282 houses or apartments, and a median cost of homes of $183,638, 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 64.22% of the city's housing units. Other types of housing that are prevalent in Pendleton include large apartment complexes or high rise apartments ( 14.59%), duplexes, homes converted to apartments or other small apartment buildings ( 12.27%), and a few mobile homes or trailers ( 6.08%).

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 49.12% owning and 50.88% 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 42.32% of the city's housing hails from this era. Other housing ages represented in Pendleton include homes built between 1970-1999 ( 34.54%) and housing constructed before 1939 ( 16.99%). There's also some housing in Pendleton built between 2000 and later ( 6.15%).

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 11.54%, which ranks in the top 30% nationwide. This equates to an annual average Pendleton house appreciation rate of 1.10%.

NeighborhoodScout's data show that during the latest twelve months, Pendleton's appreciation rate, at 3.77%, has been at or slightly above the national average. In the latest quarter, Pendleton's appreciation rate has been 0.46%, which annualizes to a rate of 1.84%.

Relative to Oregon, our data show that Pendleton's latest annual appreciation rate is lower than 90% 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:
$183,638

Pendleton, OR HOME PRICES

Value Range
> $1,103,000 0.4
$827,001 - $1,103,000 0.4
$552,001 - $827,000 2.3
$441,001 - $552,000 2.4
$331,001 - $441,000 6.2
$221,001 - $331,000 22.5
$110,001 - $221,000 48.1
$55,001 - $110,000 12.9
$0 - $55,000 4.8

Very Low for OR
High for Nation

Value Relative to Nation Value Relative to State
36.862768076878 84.0579710144928

Number Of Homes And Apartments:
6,282

Pendleton 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
41.63% 2.04% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 49.12
Renters 50.88
Vacant 6.68

Housing Market Details

 

Age of Homes

AGE OF Pendleton HOMES
2000 or Newer 6.1
1970 - 1999 34.5
1940 - 1969 42.3
1939 or Older 17.0

Types of Homes

TYPE OF Pendleton HOMES
Single-Family 64.2
Townhomes 2.9
Small Apt. Buildings 12.3
Apt. Complexes 14.6
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Pendleton HOMES
No Bedroom 3.52
1 Bedroom 10.15
2 Bedrooms 30.17
3 Bedrooms 41.15
4 Bedrooms 12.83
5 or more bedrooms 2.18

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Zip Codes in Pendleton, OR