Rainier, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rainier, OR Real Estate Data


Rainier Housing Market Information

With a population of 1,920, 774 total housing units (homes and apartments), and a median house value of $229,432, 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 68.19% 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 ( 12.56%), large apartment complexes or high rise apartments ( 9.39%), and a few mobile homes or trailers ( 5.63%).

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 59.04% owning and 40.96% 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 ( 27.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.13%). There's also some housing in Rainier built between 2000 and later ( 14.20%).

Rainier Home Appreciation Rates

Real estate appreciation rates in Rainier's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

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 8.25%, which is higher than appreciation rates in 92.78% 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 4.15%, which equates to an annual appreciation rate of 17.68%.

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 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$229,432

Rainier, OR HOME PRICES

Value Range
> $1,238,000 0.0
$929,001 - $1,238,000 0.0
$619,001 - $929,000 3.9
$495,001 - $619,000 5.6
$372,001 - $495,000 9.5
$248,001 - $372,000 26.0
$124,001 - $248,000 36.0
$62,001 - $124,000 4.8
$0 - $62,000 14.2

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
26.6557357849739 69.5652173913043

Number Of Homes And Apartments:
774

Rent & Ownership

 

Average Market Rent:
$1,024 / per month

Homeownership Rate

Homeownership
Owners 59.04
Renters 40.96
Vacant 9.15

Housing Market Details

 

Age of Homes

AGE OF Rainier HOMES
2000 or Newer 14.2
1970 - 1999 39.7
1940 - 1969 19.1
1939 or Older 27.0

Types of Homes

TYPE OF Rainier HOMES
Single-Family 68.2
Townhomes 3.6
Small Apt. Buildings 12.6
Apt. Complexes 9.4
Mobile Homes 5.6
Other 0.6

Home Size

SIZE OF Rainier HOMES
No Bedroom 2.70
1 Bedroom 9.15
2 Bedrooms 27.11
3 Bedrooms 41.43
4 Bedrooms 15.26
5 or more bedrooms 4.34

Rainier 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
33.85% 1.73% 1 4
* 10 is highest

Popular Neighborhoods in Rainier

Zip Codes in Rainier, OR