Veneta, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Veneta, 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

Veneta Housing Market Information

With 4,800 people, 1,649 houses or apartments, and a median cost of homes of $249,661, Veneta real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Veneta, accounting for 72.29% of the city's housing units. Other types of housing that are prevalent in Veneta include mobile homes or trailers ( 11.97%), row houses and other attached homes ( 6.07%), and a few large apartment complexes or high rise apartments ( 4.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Veneta. Owner-occupied housing accounts for 69.59% of Veneta's homes, and 75.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Veneta 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 Veneta built between 2000 and later ( 33.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.08%).

Veneta Home Appreciation Rates

Real estate appreciation rates in Veneta's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.

Appreciation rates are so strong in Veneta that despite a nationwide downturn in the housing market, Veneta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Veneta appreciation rates continue to be some of the highest in America, at 9.58%, which is higher than appreciation rates in 92.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Veneta. Veneta appreciation rates in the latest quarter were at 1.01%, which equates to an annual appreciation rate of 4.11%.

Relative to Oregon, our data show that Veneta's latest annual appreciation rate is higher than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$249,661

Veneta, OR HOME PRICES

Value Range
> $1,228,000 0.0
$921,001 - $1,228,000 1.0
$614,001 - $921,000 2.7
$491,001 - $614,000 4.1
$368,001 - $491,000 11.2
$246,001 - $368,000 21.6
$123,001 - $246,000 41.6
$62,001 - $123,000 6.2
$0 - $62,000 11.6

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
22.5594749794914 58.9371980676328

Number Of Homes And Apartments:
1,649

Veneta 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
56.66% 2.64% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,153 / per month

Homeownership Rate

Homeownership
Owners 69.59
Renters 30.41
Vacant 2.77

Housing Market Details

 

Age of Homes

AGE OF Veneta HOMES
2000 or Newer 33.1
1970 - 1999 55.1
1940 - 1969 11.1
1939 or Older 0.7

Types of Homes

TYPE OF Veneta HOMES
Single-Family 72.3
Townhomes 6.1
Small Apt. Buildings 4.3
Apt. Complexes 4.8
Mobile Homes 12.0
Other 0.5

Home Size

SIZE OF Veneta HOMES
No Bedroom 0.83
1 Bedroom 2.06
2 Bedrooms 19.28
3 Bedrooms 66.27
4 Bedrooms 9.02
5 or more bedrooms 2.54

Popular Neighborhoods in Veneta

Popular Communities Near Veneta, OR

Zip Codes in Veneta, OR