Silverton, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Silverton, OR Real Estate Data


Silverton Housing Market Information

With 9,753 people, 3,543 houses or apartments, and a median cost of homes of $264,037, Silverton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Silverton, accounting for 73.37% of the city's housing units. Other types of housing that are prevalent in Silverton include large apartment complexes or high rise apartments ( 8.13%), mobile homes or trailers ( 6.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Silverton. Owner-occupied housing accounts for 65.39% of Silverton's homes, and 62.36% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Silverton 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 Silverton built before 1939 ( 24.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.18%). There's also some housing in Silverton built between 1940-1969 ( 18.17%).

Silverton Home Appreciation Rates

Appreciation rates for homes in Silverton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.26%, which ranks in the top 40% nationwide. This equates to an annual average Silverton house appreciation rate of 0.70%.

Appreciation rates are so strong in Silverton that despite a nationwide downturn in the housing market, Silverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Silverton appreciation rates continue to be some of the highest in America, at 8.28%, which is higher than appreciation rates in 87.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Silverton. Silverton appreciation rates in the latest quarter were at 1.56%, which equates to an annual appreciation rate of 6.39%.

Importantly, this makes Silverton 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 Silverton's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$264,037

Silverton, OR HOME PRICES

Value Range
> $1,269,000 0.5
$952,001 - $1,269,000 0.7
$635,001 - $952,000 2.3
$508,001 - $635,000 3.8
$381,001 - $508,000 16.6
$254,001 - $381,000 32.3
$127,001 - $254,000 35.1
$63,001 - $127,000 3.3
$0 - $63,000 5.2

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
20.309387085433 49.2753623188406

Number Of Homes And Apartments:
3,543

Rent & Ownership

 

Average Market Rent:
$917 / per month

Homeownership Rate

Homeownership
Owners 65.39
Renters 34.61
Vacant 7.40

Housing Market Details

 

Age of Homes

AGE OF Silverton HOMES
2000 or Newer 24.2
1970 - 1999 33.5
1940 - 1969 18.2
1939 or Older 24.2

Types of Homes

TYPE OF Silverton HOMES
Single-Family 73.4
Townhomes 5.6
Small Apt. Buildings 6.1
Apt. Complexes 8.1
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Silverton HOMES
No Bedroom 0.94
1 Bedroom 6.59
2 Bedrooms 28.12
3 Bedrooms 44.77
4 Bedrooms 17.59
5 or more bedrooms 1.99

Silverton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
61.31% 2.81% 4 8
* 10 is highest

Popular Neighborhoods in Silverton

Zip Codes in Silverton, OR