Tigard, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tigard, OR Real Estate Data


Tigard Housing Market Information

With a population of 51,253, 19,694 total housing units (homes and apartments), and a median house value of $412,523, 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 59.08% of the city's housing units. Other types of housing that are prevalent in Tigard include large apartment complexes or high rise apartments ( 23.79%), row houses and other attached homes ( 8.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.20%).

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 60.65% owning and 39.35% 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 ( 15.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.24%). There's also some housing in Tigard built before 1939 ( 1.80%).

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 15.92%, which ranks in the top 30% nationwide. This equates to an annual average Tigard house appreciation rate of 1.49%.

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 9.56%, which is higher than appreciation rates in 96.98% 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 4.15%, which equates to an annual appreciation rate of 17.68%.

Importantly, NeighborhoodScout’s exclusive research found that Tigard's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 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:
$412,523

Tigard, OR HOME PRICES

Value Range
> $1,392,000 0.6
$1,044,001 - $1,392,000 0.9
$696,001 - $1,044,000 5.5
$557,001 - $696,000 11.3
$417,001 - $557,000 26.9
$278,001 - $417,000 37.9
$139,001 - $278,000 12.4
$70,001 - $139,000 0.9
$0 - $70,000 3.6

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
9.11167066815014 11.1111111111111

Number Of Homes And Apartments:
19,694

Rent & Ownership

 

Average Market Rent:
$1,370 / per month

Homeownership Rate

Homeownership
Owners 60.65
Renters 39.35
Vacant 5.37

Housing Market Details

 

Age of Homes

AGE OF Tigard HOMES
2000 or Newer 13.2
1970 - 1999 69.1
1940 - 1969 15.9
1939 or Older 1.8

Types of Homes

TYPE OF Tigard HOMES
Single-Family 59.1
Townhomes 8.5
Small Apt. Buildings 8.2
Apt. Complexes 23.8
Mobile Homes 0.3
Other 0.1

Home Size

SIZE OF Tigard HOMES
No Bedroom 0.88
1 Bedroom 9.49
2 Bedrooms 30.95
3 Bedrooms 34.81
4 Bedrooms 19.05
5 or more bedrooms 4.81

Tigard 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
87.95% 3.78% 9 10
* 10 is highest