Sweet Home, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sweet Home, OR Real Estate Data


Sweet Home Housing Market Information

With a population of 9,270, 3,476 total housing units (homes and apartments), and a median house value of $170,070, 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 66.25% of the city's housing units. Other types of housing that are prevalent in Sweet Home include mobile homes or trailers ( 15.15%), large apartment complexes or high rise apartments ( 9.36%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.16%).

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 60.25% owning and 39.75% 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 ( 34.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.40%). There's also some housing in Sweet Home built before 1939 ( 3.78%).

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 7.09%, which ranks in the top 50% nationwide. This equates to an annual average Sweet Home house appreciation rate of 0.69%.

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 6.29%, which is higher than appreciation rates in 77.83% 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 1.08%, which equates to an annual appreciation rate of 4.40%.

Relative to Oregon, our data show that Sweet Home's latest annual appreciation rate is lower than 80% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$170,070

Sweet Home, OR HOME PRICES

Value Range
> $1,278,000 1.5
$959,001 - $1,278,000 0.0
$639,001 - $959,000 2.5
$511,001 - $639,000 1.4
$383,001 - $511,000 4.0
$256,001 - $383,000 12.5
$127,001 - $256,000 48.1
$64,001 - $127,000 20.6
$0 - $64,000 9.5

Very Low for OR
Average for Nation

Value Relative to Nation Value Relative to State
42.7299877027581 91.7874396135266

Number Of Homes And Apartments:
3,476

Rent & Ownership

 

Average Market Rent:
$1,002 / per month

Homeownership Rate

Homeownership
Owners 60.25
Renters 39.75
Vacant 6.81

Housing Market Details

 

Age of Homes

AGE OF Sweet Home HOMES
2000 or Newer 17.4
1970 - 1999 44.3
1940 - 1969 34.6
1939 or Older 3.8

Types of Homes

TYPE OF Sweet Home HOMES
Single-Family 66.2
Townhomes 1.4
Small Apt. Buildings 7.2
Apt. Complexes 9.4
Mobile Homes 15.1
Other 0.7

Home Size

SIZE OF Sweet Home HOMES
No Bedroom 1.58
1 Bedroom 12.92
2 Bedrooms 30.13
3 Bedrooms 44.80
4 Bedrooms 9.60
5 or more bedrooms 0.97

Sweet Home 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
40.73% 2.03% 1 5
* 10 is highest

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Zip Codes in Sweet Home, OR