Rainier, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rainier, 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

Rainier Housing Market Information

With a population of 1,920, 777 total housing units (homes and apartments), and a median house value of $261,483, Rainier real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rainier, accounting for 67.10% of the city's housing units. Other types of housing that are prevalent in Rainier include duplexes, homes converted to apartments or other small apartment buildings ( 12.43%), large apartment complexes or high rise apartments ( 9.35%), and a few mobile homes or trailers ( 7.10%).

The most prevalent building size and type in Rainier are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.30% owning and 41.70% renting.

There is a lot of housing in Rainier 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 Rainier built before 1939 ( 27.57%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.04%). There's also some housing in Rainier built between 1940-1969 ( 16.33%).

Rainier Home Appreciation Rates

Appreciation rates for homes in Rainier have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.89%, which ranks in the top 50% nationwide. This equates to an annual average Rainier house appreciation rate of 0.09%.

Appreciation rates are so strong in Rainier that despite a nationwide downturn in the housing market, Rainier real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rainier appreciation rates continue to be some of the highest in America, at 12.07%, which is higher than appreciation rates in 97.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rainier. Rainier appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Rainier 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 Rainier's latest annual appreciation rate is higher than 80% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$261,483

Rainier, OR HOME PRICES

Value Range
> $1,288,000 0.0
$966,001 - $1,288,000 2.4
$644,001 - $966,000 3.1
$515,001 - $644,000 7.6
$386,001 - $515,000 9.8
$258,001 - $386,000 25.7
$129,001 - $258,000 36.7
$65,001 - $129,000 2.9
$0 - $65,000 11.7

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
20.8308918317122 53.1400966183575

Number Of Homes And Apartments:
777

Rainier 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
46.85% 2.25% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,154 / per month

Homeownership Rate

Homeownership
Owners 58.30
Renters 41.70
Vacant 8.05

Housing Market Details

 

Age of Homes

AGE OF Rainier HOMES
2000 or Newer 17.0
1970 - 1999 39.1
1940 - 1969 16.3
1939 or Older 27.6

Types of Homes

TYPE OF Rainier HOMES
Single-Family 67.1
Townhomes 3.4
Small Apt. Buildings 12.4
Apt. Complexes 9.3
Mobile Homes 7.1
Other 0.6

Home Size

SIZE OF Rainier HOMES
No Bedroom 4.38
1 Bedroom 8.88
2 Bedrooms 23.08
3 Bedrooms 40.83
4 Bedrooms 16.92
5 or more bedrooms 5.92

Popular Neighborhoods in Rainier

Zip Codes in Rainier, OR