Tigard, OR Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Tigard, OR Housing Market Trends

With 55,514 people, 21,233 houses or apartments, and a median cost of homes of $460,508, 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 57.60% of the city's housing units. Other types of housing that are prevalent in Tigard include large apartment complexes or high rise apartments ( 26.49%), duplexes, homes converted to apartments or other small apartment buildings ( 7.90%), and a few row houses and other attached homes ( 7.48%).

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 61.05% owning and 38.95% 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 2000 and later ( 17.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.36%).

Tigard Home Appreciation Rates

In the last 10 years, Tigard has experienced some of the highest home appreciation rates of any community in the nation. Tigard real estate appreciated 65.39% over the last ten years, which is an average annual home appreciation rate of 5.16%, putting Tigard in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tigard definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Tigard's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Tigard's appreciation rate has been 2.09%, which annualizes to a rate of 8.63%.

Relative to Oregon, our data show that Tigard's latest annual appreciation rate is lower than 80% 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:
$460,508

Tigard, OR HOME PRICES

> $1,175,000
0.5%
0.5%
$881,001 - $1,175,000
1.9%
1.9%
$587,001 - $881,000
18.2%
18.2%
$470,001 - $587,000
26.3%
26.3%
$352,001 - $470,000
28.7%
28.7%
$235,001 - $352,000
17.3%
17.3%
$117,001 - $235,000
4.9%
4.9%
$59,001 - $117,000
0.7%
0.7%
$0 - $59,000
1.4%
1.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OR

Value Relative To Nation

Number Of Homes And Apartments:
21,233

Tigard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
125.51% 3.95%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,815 / per month

Homeownership Rate

Owners
61.1%
61.1%
Renters
38.9%
38.9%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.9%
17.9%
1970 - 1999
64.8%
64.8%
1940 - 1969
16.4%
16.4%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
57.6%
57.6%
Townhomes
7.5%
7.5%
Small Apt. Buildings
7.9%
7.9%
Apt. Complexes
26.5%
26.5%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
13.2%
13.2%
2 Bedrooms
25.9%
25.9%
3 Bedrooms
34.3%
34.3%
4 Bedrooms
18.6%
18.6%
5 or more bedrooms
5.8%
5.8%
0.0% 100.0%
% OF HOMES