Prineville, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Prineville Neighborhoods Since 2000




Prineville, OR Real Estate Data


Prineville Housing Market Information

With 9,530 people, 4,105 houses or apartments, and a median cost of homes of $270,932, 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 66.71% of the city's housing units. Other types of housing that are prevalent in Prineville include large apartment complexes or high rise apartments ( 13.71%), mobile homes or trailers ( 8.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.28%).

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 51.62% owning and 48.38% 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 ( 30.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.20%). There's also some housing in Prineville built before 1939 ( 4.63%).

Prineville Home Appreciation Rates

Homes have actually lost value in Prineville over the last then years, as home values have seen a decline of 19.43% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Prineville home appreciation rates at 2.75%, which equates to an annual appreciation rate of 11.45%.

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 8.29%, which is higher than appreciation rates in 92.92% 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 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Prineville 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 Prineville's latest annual appreciation rate is higher than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$270,932

Prineville, OR HOME PRICES

Value Range
> $1,380,000 1.0
$1,035,001 - $1,380,000 2.3
$690,001 - $1,035,000 7.5
$552,001 - $690,000 7.1
$414,001 - $552,000 6.4
$276,001 - $414,000 14.5
$138,001 - $276,000 32.1
$69,001 - $138,000 17.2
$0 - $69,000 11.8

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
20.1264859167301 48.3091787439614

Number Of Homes And Apartments:
4,105

Rent & Ownership

 

Average Market Rent:
$1,093 / per month

Homeownership Rate

Homeownership
Owners 51.62
Renters 48.38
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Prineville HOMES
2000 or Newer 23.2
1970 - 1999 42.0
1940 - 1969 30.2
1939 or Older 4.6

Types of Homes

TYPE OF Prineville HOMES
Single-Family 66.7
Townhomes 4.1
Small Apt. Buildings 5.3
Apt. Complexes 13.7
Mobile Homes 8.3
Other 1.9

Home Size

SIZE OF Prineville HOMES
No Bedroom 3.94
1 Bedroom 12.12
2 Bedrooms 30.45
3 Bedrooms 46.03
4 Bedrooms 5.78
5 or more bedrooms 1.68

Prineville 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
54.42% 2.59% 3 7
* 10 is highest

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Zip Codes in Prineville, OR