West Linn, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Linn, OR Real Estate Data


West Linn Housing Market Information

With a population of 26,593, 9,892 total housing units (homes and apartments), and a median house value of $544,633, West Linn house prices are not only among the most expensive in Oregon, West Linn real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in West Linn, accounting for 75.30% of the city's housing units. Other types of housing that are prevalent in West Linn include large apartment complexes or high rise apartments ( 11.23%), row houses and other attached homes ( 7.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Linn. Owner-occupied housing accounts for 74.60% of West Linn's homes, and 64.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Linn 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 West Linn built between 2000 and later ( 17.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.92%). There's also some housing in West Linn built before 1939 ( 5.07%).

West Linn Home Appreciation Rates

Appreciation rates for homes in West Linn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.91%, which ranks in the top 30% nationwide. This equates to an annual average West Linn house appreciation rate of 1.04%.

Appreciation rates are so strong in West Linn that despite a nationwide downturn in the housing market, West Linn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, West Linn appreciation rates continue to be some of the highest in America, at 10.41%, which is higher than appreciation rates in 94.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in West Linn. West Linn appreciation rates in the latest quarter were at 1.78%, which equates to an annual appreciation rate of 7.30%.

Importantly, this makes West Linn 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 West Linn's latest annual appreciation rate is higher than 60% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within West Linn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in West Linn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best West Linn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$544,633

West Linn, OR HOME PRICES

Value Range
> $1,314,000 2.3
$986,001 - $1,314,000 5.2
$657,001 - $986,000 23.1
$525,001 - $657,000 17.7
$394,001 - $525,000 25.4
$263,001 - $394,000 16.3
$131,001 - $263,000 5.8
$66,001 - $131,000 1.1
$0 - $66,000 2.4

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
4.69940232040314 1.93236714975845

Number Of Homes And Apartments:
9,892

Rent & Ownership

 

Average Market Rent:
$1,791 / per month

Homeownership Rate

Homeownership
Owners 74.60
Renters 25.40
Vacant 3.69

Housing Market Details

 

Age of Homes

AGE OF West Linn HOMES
2000 or Newer 18.0
1970 - 1999 64.0
1940 - 1969 12.9
1939 or Older 5.1

Types of Homes

TYPE OF West Linn HOMES
Single-Family 75.3
Townhomes 7.9
Small Apt. Buildings 5.0
Apt. Complexes 11.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF West Linn HOMES
No Bedroom 1.29
1 Bedroom 5.94
2 Bedrooms 18.44
3 Bedrooms 36.28
4 Bedrooms 27.87
5 or more bedrooms 10.18

West Linn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
86.63% 3.68% 9 9
* 10 is highest