Talent, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Talent, OR Real Estate Data


Talent Housing Market Information

With a population of 6,411, 2,691 total housing units (homes and apartments), and a median house value of $183,608, Talent real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Talent homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Talent, accounting for 57.11% of the city's housing units. Other types of housing that are prevalent in Talent include mobile homes or trailers ( 19.22%), duplexes, homes converted to apartments or other small apartment buildings ( 12.71%), and a few large apartment complexes or high rise apartments ( 5.92%).

The most prevalent building size and type in Talent are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.63% owning and 39.37% renting.

There is a lot of housing in Talent 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 Talent built between 2000 and later ( 28.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.81%). There's also some housing in Talent built before 1939 ( 5.34%).

Talent Home Appreciation Rates

Talent's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Talent during the period has been just -1.60%, which is lower than 80% of US communities.

Appreciation rates are so strong in Talent that despite a nationwide downturn in the housing market, Talent real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Talent appreciation rates continue to be some of the highest in America, at 6.04%, which is higher than appreciation rates in 74.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Talent. Talent appreciation rates in the latest quarter were at 1.51%, which equates to an annual appreciation rate of 6.17%.

Relative to Oregon, our data show that Talent's latest annual appreciation rate is lower than 90% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$183,608

Talent, OR HOME PRICES

Value Range
> $1,284,000 0.0
$963,001 - $1,284,000 0.0
$642,001 - $963,000 1.3
$513,001 - $642,000 4.3
$385,001 - $513,000 3.5
$257,001 - $385,000 28.2
$128,001 - $257,000 24.5
$64,001 - $128,000 15.1
$0 - $64,000 23.1

Very Low for OR
High for Nation

Value Relative to Nation Value Relative to State
38.0043333138139 85.9903381642512

Number Of Homes And Apartments:
2,691

Rent & Ownership

 

Average Market Rent:
$1,114 / per month

Homeownership Rate

Homeownership
Owners 60.63
Renters 39.37
Vacant 7.30

Housing Market Details

 

Age of Homes

AGE OF Talent HOMES
2000 or Newer 28.5
1970 - 1999 53.3
1940 - 1969 12.8
1939 or Older 5.3

Types of Homes

TYPE OF Talent HOMES
Single-Family 57.1
Townhomes 4.5
Small Apt. Buildings 12.7
Apt. Complexes 5.9
Mobile Homes 19.2
Other 0.5

Home Size

SIZE OF Talent HOMES
No Bedroom 0.00
1 Bedroom 4.55
2 Bedrooms 35.96
3 Bedrooms 54.87
4 Bedrooms 4.62
5 or more bedrooms 0.00

Talent 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
60.12% 2.81% 4 7
* 10 is highest

Popular Neighborhoods in Talent

Zip Codes in Talent, OR