Tigard, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tigard Neighborhoods Since 2000




Tigard, 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

Tigard Housing Market Information

With 51,253 people, 19,897 houses or apartments, and a median cost of homes of $368,725, Tigard house prices are not only among the most expensive in Oregon, Tigard real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Tigard, accounting for 57.83% of the city's housing units. Other types of housing that are prevalent in Tigard include large apartment complexes or high rise apartments ( 25.22%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.25%).

The most prevalent building size and type in Tigard are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.21% owning and 40.79% renting.

There is a lot of housing in Tigard 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 Tigard built between 1940-1969 ( 16.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.65%). There's also some housing in Tigard built before 1939 ( 1.54%).

Tigard Home Appreciation Rates

Appreciation rates for homes in Tigard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.57%, which ranks in the top 30% nationwide. This equates to an annual average Tigard house appreciation rate of 1.28%.

Appreciation rates are so strong in Tigard that despite a nationwide downturn in the housing market, Tigard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tigard appreciation rates continue to be some of the highest in America, at 10.93%, which is higher than appreciation rates in 95.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tigard. Tigard appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Tigard differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tigard - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Tigard real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$368,725

Tigard, OR HOME PRICES

Value Range
> $1,367,000 0.5
$1,025,001 - $1,367,000 1.3
$683,001 - $1,025,000 5.4
$547,001 - $683,000 13.3
$410,001 - $547,000 26.7
$273,001 - $410,000 36.7
$137,001 - $273,000 11.4
$68,001 - $137,000 1.1
$0 - $68,000 3.7

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
10.9457400679714 15.9420289855072

Number Of Homes And Apartments:
19,897

Tigard 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
92.45% 3.87% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,641 / per month

Homeownership Rate

Homeownership
Owners 59.21
Renters 40.79
Vacant 4.47

Housing Market Details

 

Age of Homes

AGE OF Tigard HOMES
2000 or Newer 13.7
1970 - 1999 68.5
1940 - 1969 16.3
1939 or Older 1.5

Types of Homes

TYPE OF Tigard HOMES
Single-Family 57.8
Townhomes 8.4
Small Apt. Buildings 8.2
Apt. Complexes 25.2
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Tigard HOMES
No Bedroom 0.90
1 Bedroom 11.14
2 Bedrooms 29.86
3 Bedrooms 35.53
4 Bedrooms 17.82
5 or more bedrooms 4.75