Umatilla, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Umatilla, OR Real Estate Data


Umatilla Housing Market Information

With a population of 7,009, 1,556 total housing units (homes and apartments), and a median house value of $175,872, Umatilla real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Umatilla homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Umatilla, accounting for 54.15% of the city's housing units. Other types of housing that are prevalent in Umatilla include large apartment complexes or high rise apartments ( 19.90%), mobile homes or trailers ( 13.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.03%).

The most prevalent building size and type in Umatilla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 36.46% owning and 63.54% renting.

There is a lot of housing in Umatilla 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 Umatilla built between 1940-1969 ( 24.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.98%). There's also some housing in Umatilla built before 1939 ( 9.40%).

Vacant housing appears to be an issue in Umatilla. Fully 10.27% of the housing stock is classified as vacant. Left unchecked, vacant Umatilla homes and apartments can be a drag on the real estate market, holding Umatilla 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.

Umatilla Home Appreciation Rates

In the last 10 years, Umatilla has experienced some of the highest home appreciation rates of any community in the nation. Umatilla real estate appreciated 20.92% over the last ten years, which is an average annual home appreciation rate of 1.92%, putting Umatilla in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Umatilla 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 Umatilla that despite a nationwide downturn in the housing market, Umatilla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Umatilla appreciation rates continue to be some of the highest in America, at 8.12%, which is higher than appreciation rates in 92.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Umatilla. Umatilla appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Umatilla 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 Umatilla's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$175,872

Umatilla, OR HOME PRICES

Value Range
> $1,210,000 0.2
$908,001 - $1,210,000 0.7
$605,001 - $908,000 1.6
$484,001 - $605,000 2.4
$363,001 - $484,000 2.0
$242,001 - $363,000 19.5
$121,001 - $242,000 44.9
$61,001 - $121,000 14.2
$0 - $61,000 14.6

Very Low for OR
Average for Nation

Value Relative to Nation Value Relative to State
40.6687357264156 88.8888888888889

Number Of Homes And Apartments:
1,556

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 36.46
Renters 63.54
Vacant 10.27

Housing Market Details

 

Age of Homes

AGE OF Umatilla HOMES
2000 or Newer 10.0
1970 - 1999 56.4
1940 - 1969 24.2
1939 or Older 9.4

Types of Homes

TYPE OF Umatilla HOMES
Single-Family 54.2
Townhomes 0.9
Small Apt. Buildings 10.0
Apt. Complexes 19.9
Mobile Homes 13.8
Other 1.3

Home Size

SIZE OF Umatilla HOMES
No Bedroom 4.44
1 Bedroom 12.40
2 Bedrooms 27.28
3 Bedrooms 41.58
4 Bedrooms 12.57
5 or more bedrooms 1.73

Umatilla 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
45.65% 2.24% 2 5
* 10 is highest

Popular Neighborhoods in Umatilla

Zip Codes in Umatilla, OR