Tillamook, 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 Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Tillamook, OR Housing Market Trends

With 5,204 people, 2,178 houses or apartments, and a median cost of homes of $311,200, 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 52.28% of the city's housing units. Other types of housing that are prevalent in Tillamook include duplexes, homes converted to apartments or other small apartment buildings ( 20.42%), large apartment complexes or high rise apartments ( 14.04%), and a few row houses and other attached homes ( 11.31%).

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 41.85% owning and 58.15% renting.

The housing in Tillamook was primarily built before 1939 ( 31.43%), 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 ( 30.67%), followed by between 1940-1969 ( 28.16%). There's also some housing in Tillamook built between 2000 and later ( 9.74%).

Tillamook Home Appreciation Rates

In the last 10 years, Tillamook has experienced some of the highest home appreciation rates of any community in the nation. Tillamook real estate appreciated 105.94% over the last ten years, which is an average annual home appreciation rate of 7.49%, putting Tillamook in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tillamook definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 23.11%, which is higher than appreciation rates in 89.87% 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 2.72%, which equates to an annual appreciation rate of 11.33%.

Relative to Oregon, our data show that Tillamook's latest annual appreciation rate is higher than 80% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$311,200

Tillamook, OR HOME PRICES

> $1,483,000
$1,112,001 - $1,483,000
$741,001 - $1,112,000
$593,001 - $741,000
$445,001 - $593,000
$297,001 - $445,000
$148,001 - $297,000
$74,001 - $148,000
$0 - $74,000
0.0%
0.0%
0.6%
0.6%
0.6%
0.6%
0.0%
0.0%
9.1%
9.1%
45.6%
45.6%
39.0%
39.0%
1.5%
1.5%
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for OR

Value Relative To Nation

Number Of Homes And Apartments:
2,178

Tillamook Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
154.57% 4.29%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,389 / per month

Homeownership Rate

Owners
Renters
Vacant
41.8%
41.8%
58.2%
58.2%
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.7%
9.7%
30.7%
30.7%
28.2%
28.2%
31.4%
31.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.3%
52.3%
11.3%
11.3%
20.4%
20.4%
14.0%
14.0%
2.0%
2.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
13.5%
13.5%
32.9%
32.9%
37.3%
37.3%
12.3%
12.3%
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Tillamook

Popular Communities Near Tillamook, OR

Zip Codes in Tillamook, OR