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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Tillamook HOMES|
|2000 or Newer||8.5|
|1970 - 1999||30.6|
|1940 - 1969||27.0|
|1939 or Older||33.9|
|TYPE OF Tillamook HOMES|
|Small Apt. Buildings||8.7|
|SIZE OF Tillamook HOMES|
|5 or more bedrooms||4.72|