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Only 12 counties saw home values rise (2010-2014)

February 25, 2016

By Oregon Employment Department 

Only 12 of Oregon’s 36 counties saw their home values rise between 2010 and 2014; all were rural with the exception of Benton County. Wheeler County’s median home value climbed the most since 2010, rising by $27,700 (21.8%) to $126,800. Wheeler County’s in-state ranking also improved, rising from dead last in 2010 (36th) to 33rd position in 2014.

In 2014, the state’s highest owner-occupied median home value resided in Hood River County. Hood River County’s $309,500 median was $13,900 higher than second place Clackamas County’s $295,600 and 32 percent above Oregon’s $234,100.

Home values in Hood River County were concentrated in the $300,000 to $499,000 group, which represented just over 35 percent of its homes compared with around 23 percent of Oregon’s owner-occupied homes and 24 percent for Deschutes County. The biggest gap for Hood River County came in the $150,000 to $199,000 group, which represented just 9.7 percent of its owner-occupied homes. Oregon’s share of owner-occupied homes in this group was considerably higher, at 16.8 percent, similar to Deschutes County’s 16.1 percent.

To learn more about home values in various counties, read Regional Economist Dallas Fridley’s article: Hood River County’s 2014 Home Values the Highest in Oregon.

  
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