Waldport, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waldport, OR Real Estate Data


Waldport Housing Market Information

With a population of 2,130, 904 total housing units (homes and apartments), and a median house value of $225,909, Waldport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Waldport, accounting for 70.57% of the city's housing units. Other types of housing that are prevalent in Waldport include mobile homes or trailers ( 14.58%), large apartment complexes or high rise apartments ( 7.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.82%).

The most prevalent building size and type in Waldport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.48% owning and 35.52% renting.

There is a lot of housing in Waldport 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 Waldport built between 1940-1969 ( 17.71%). A lesser amount of the housing stock also hails from before 1939 ( 11.20%). There's also some housing in Waldport built between 2000 and later ( 10.50%).

Vacant housing appears to be an issue in Waldport. Fully 21.53% of the housing stock is classified as vacant. Left unchecked, vacant Waldport homes and apartments can be a drag on the real estate market, holding Waldport 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.

Waldport Home Appreciation Rates

Waldport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waldport during the period has been just -2.01%, which is lower than 80% of US communities.

Appreciation rates are so strong in Waldport that despite a nationwide downturn in the housing market, Waldport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waldport appreciation rates continue to be some of the highest in America, at 9.97%, which is higher than appreciation rates in 97.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waldport. Waldport appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.45%.

Importantly, this makes Waldport 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 Waldport's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$225,909

Waldport, OR HOME PRICES

Value Range
> $1,154,000 0.0
$866,001 - $1,154,000 0.9
$577,001 - $866,000 3.8
$461,001 - $577,000 5.5
$346,001 - $461,000 16.4
$231,001 - $346,000 21.9
$115,001 - $231,000 34.4
$58,001 - $115,000 5.8
$0 - $58,000 11.3

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
27.3350120044504 71.4975845410628

Number Of Homes And Apartments:
904

Rent & Ownership

 

Average Market Rent:
$1,119 / per month

Homeownership Rate

Homeownership
Owners 64.48
Renters 35.52
Vacant 21.53

Housing Market Details

 

Age of Homes

AGE OF Waldport HOMES
2000 or Newer 10.5
1970 - 1999 60.6
1940 - 1969 17.7
1939 or Older 11.2

Types of Homes

TYPE OF Waldport HOMES
Single-Family 70.6
Townhomes 1.1
Small Apt. Buildings 5.8
Apt. Complexes 7.0
Mobile Homes 14.6
Other 0.9

Home Size

SIZE OF Waldport HOMES
No Bedroom 4.51
1 Bedroom 7.99
2 Bedrooms 32.64
3 Bedrooms 46.01
4 Bedrooms 7.90
5 or more bedrooms 0.95

Waldport 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
54.98% 2.61% 3 7
* 10 is highest

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Zip Codes in Waldport, OR