Sweet Home, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sweet Home Neighborhoods Since 2000




Sweet Home, 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

Sweet Home Housing Market Information

With a population of 9,270, 3,335 total housing units (homes and apartments), and a median house value of $166,349, Sweet Home real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Sweet Home homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Sweet Home, accounting for 66.24% of the city's housing units. Other types of housing that are prevalent in Sweet Home include mobile homes or trailers ( 16.19%), large apartment complexes or high rise apartments ( 10.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.93%).

The most prevalent building size and type in Sweet Home are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.31% owning and 42.69% renting.

There is a lot of housing in Sweet Home 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 Sweet Home built between 1940-1969 ( 37.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.24%). There's also some housing in Sweet Home built before 1939 ( 5.57%).

Sweet Home Home Appreciation Rates

Appreciation rates for homes in Sweet Home have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.67%, which ranks in the top 50% nationwide. This equates to an annual average Sweet Home house appreciation rate of 0.36%.

Appreciation rates are so strong in Sweet Home that despite a nationwide downturn in the housing market, Sweet Home real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sweet Home appreciation rates continue to be some of the highest in America, at 7.39%, which is higher than appreciation rates in 83.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sweet Home. Sweet Home appreciation rates in the latest quarter were at 4.19%, which equates to an annual appreciation rate of 17.85%.

Importantly, this makes Sweet Home 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 Sweet Home's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$166,349

Sweet Home, OR HOME PRICES

Value Range
> $1,239,000 1.6
$929,001 - $1,239,000 0.0
$619,001 - $929,000 1.8
$495,001 - $619,000 2.2
$372,001 - $495,000 4.3
$248,001 - $372,000 15.2
$124,001 - $248,000 48.1
$62,001 - $124,000 19.0
$0 - $62,000 7.9

Very Low for OR
Average for Nation

Value Relative to Nation Value Relative to State
43.0856674088832 89.3719806763285

Number Of Homes And Apartments:
3,335

Sweet Home 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
41.71% 2.04% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,208 / per month

Homeownership Rate

Homeownership
Owners 57.31
Renters 42.69
Vacant 7.57

Housing Market Details

 

Age of Homes

AGE OF Sweet Home HOMES
2000 or Newer 15.2
1970 - 1999 41.6
1940 - 1969 37.6
1939 or Older 5.6

Types of Homes

TYPE OF Sweet Home HOMES
Single-Family 66.2
Townhomes 2.5
Small Apt. Buildings 4.9
Apt. Complexes 10.2
Mobile Homes 16.2
Other 0.0

Home Size

SIZE OF Sweet Home HOMES
No Bedroom 1.16
1 Bedroom 14.94
2 Bedrooms 31.60
3 Bedrooms 40.83
4 Bedrooms 10.28
5 or more bedrooms 1.19

Popular Neighborhoods in Sweet Home

Popular Communities Near Sweet Home, OR

Zip Codes in Sweet Home, OR