Tillamook, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tillamook, 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

Tillamook Housing Market Information

With 4,997 people, 1,852 houses or apartments, and a median cost of homes of $247,922, Tillamook real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tillamook, accounting for 57.46% of the city's housing units. Other types of housing that are prevalent in Tillamook include large apartment complexes or high rise apartments ( 31.13%), duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), and a few mobile homes or trailers ( 1.75%).

The most prevalent building size and type in Tillamook are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.39% owning and 63.61% renting.

The housing in Tillamook was primarily built before 1939 ( 33.92%), making the housing stock in Tillamook some of the oldest overall in America, although there is a range of ages of homes in Tillamook. The next most important housing age is between 1970-1999 ( 30.59%), followed by between 1940-1969 ( 26.95%). There's also some housing in Tillamook built between 2000 and later ( 8.54%).

Vacant housing appears to be an issue in Tillamook. Fully 16.80% of the housing stock is classified as vacant. Left unchecked, vacant Tillamook homes and apartments can be a drag on the real estate market, holding Tillamook real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Tillamook Home Appreciation Rates

Real estate appreciation rates in Tillamook's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Appreciation rates are so strong in Tillamook that despite a nationwide downturn in the housing market, Tillamook real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tillamook appreciation rates continue to be some of the highest in America, at 5.87%, which is higher than appreciation rates in 72.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tillamook. Tillamook appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Tillamook 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 Tillamook's latest annual appreciation rate is lower than 80% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$247,922

Tillamook, OR HOME PRICES

Value Range
> $1,174,000 0.5
$881,001 - $1,174,000 0.4
$587,001 - $881,000 3.2
$470,001 - $587,000 4.0
$352,001 - $470,000 10.3
$235,001 - $352,000 29.4
$117,001 - $235,000 42.7
$59,001 - $117,000 5.2
$0 - $59,000 4.4

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
22.858314777921 59.9033816425121

Number Of Homes And Apartments:
1,852

Tillamook 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
52.61% 2.48% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,252 / per month

Homeownership Rate

Homeownership
Owners 36.39
Renters 63.61
Vacant 16.80

Housing Market Details

 

Age of Homes

AGE OF Tillamook HOMES
2000 or Newer 8.5
1970 - 1999 30.6
1940 - 1969 27.0
1939 or Older 33.9

Types of Homes

TYPE OF Tillamook HOMES
Single-Family 57.5
Townhomes 1.0
Small Apt. Buildings 8.7
Apt. Complexes 31.1
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Tillamook HOMES
No Bedroom 6.74
1 Bedroom 16.58
2 Bedrooms 23.76
3 Bedrooms 39.44
4 Bedrooms 8.76
5 or more bedrooms 4.72

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Zip Codes in Tillamook, OR