Prineville, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Prineville Neighborhoods Since 2000




Prineville, 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

Prineville Housing Market Information

With 9,530 people, 4,111 houses or apartments, and a median cost of homes of $217,726, Prineville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Prineville, accounting for 69.28% of the city's housing units. Other types of housing that are prevalent in Prineville include large apartment complexes or high rise apartments ( 13.81%), mobile homes or trailers ( 6.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.08%).

The most prevalent building size and type in Prineville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.58% owning and 49.42% renting.

There is a lot of housing in Prineville 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 Prineville built between 1940-1969 ( 29.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.15%). There's also some housing in Prineville built before 1939 ( 6.31%).

Prineville Home Appreciation Rates

Prineville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Prineville during the period has been just -1.80%, which is lower than 80% of US communities.

Appreciation rates are so strong in Prineville that despite a nationwide downturn in the housing market, Prineville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prineville appreciation rates continue to be some of the highest in America, at 11.68%, which is higher than appreciation rates in 96.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prineville. Prineville appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.84%.

Relative to Oregon, our data show that Prineville's latest annual appreciation rate is higher than 70% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$217,726

Prineville, OR HOME PRICES

Value Range
> $1,417,000 2.7
$1,063,001 - $1,417,000 2.7
$709,001 - $1,063,000 5.8
$567,001 - $709,000 6.2
$425,001 - $567,000 5.8
$283,001 - $425,000 14.0
$142,001 - $283,000 36.7
$71,001 - $142,000 17.0
$0 - $71,000 9.0

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
28.1436774874019 72.9468599033817

Number Of Homes And Apartments:
4,111

Prineville 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
68.28% 3.06% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 50.58
Renters 49.42
Vacant 6.31

Housing Market Details

 

Age of Homes

AGE OF Prineville HOMES
2000 or Newer 22.2
1970 - 1999 41.6
1940 - 1969 29.9
1939 or Older 6.3

Types of Homes

TYPE OF Prineville HOMES
Single-Family 69.3
Townhomes 2.3
Small Apt. Buildings 5.1
Apt. Complexes 13.8
Mobile Homes 6.9
Other 2.6

Home Size

SIZE OF Prineville HOMES
No Bedroom 4.03
1 Bedroom 10.69
2 Bedrooms 31.68
3 Bedrooms 44.14
4 Bedrooms 7.63
5 or more bedrooms 1.82

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Zip Codes in Prineville, OR