These are the Oregon cities with the fastest-growing home prices
(STACKER) — The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $344,000 in December, 3.6% lower than the year before, but in line with seasonal trends.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in Oregon using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending December 2023. Data was available for 50 cities and towns in Oregon.
50. Warrenton
Typical home value: $481,194
1-year price change: +$10,369 (+2.2%)
5-year price change: +$186,097 (+63.1%)
Metro area: Astoria, OR
49. Durham
Typical home value: $731,339
1-year price change: +$10,484 (+1.5%)
5-year price change: +$215,856 (+41.9%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
48. Clackamas
Typical home value: $571,963
1-year price change: +$10,922 (+1.9%)
5-year price change: +$164,530 (+40.4%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
47. Bandon
Typical home value: $462,655
1-year price change: +$11,050 (+2.4%)
5-year price change: +$184,286 (+66.2%)
Metro area: Coos Bay, OR
46. La Grande
Typical home value: $266,946
1-year price change: +$11,057 (+4.3%)
5-year price change: +$96,915 (+57.0%)
Metro area: La Grande, OR
45. Malin
Typical home value: $267,453
1-year price change: +$11,686 (+4.6%)
5-year price change: +$105,523 (+65.2%)
Metro area: Klamath Falls, OR
44. North Bend
Typical home value: $353,541
1-year price change: +$11,876 (+3.5%)
5-year price change: +$130,060 (+58.2%)
Metro area: Coos Bay, OR
43. Rockcreek
Typical home value: $620,136
1-year price change: +$11,908 (+2.0%)
5-year price change: +$177,794 (+40.2%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
42. Newport
Typical home value: $466,890
1-year price change: +$12,287 (+2.7%)
5-year price change: +$180,547 (+63.1%)
Metro area: Newport, OR
41. Yachats
Typical home value: $517,504
1-year price change: +$12,343 (+2.4%)
5-year price change: +$203,953 (+65.0%)
Metro area: Newport, OR
40. Reedsport
Typical home value: $302,647
1-year price change: +$12,459 (+4.3%)
5-year price change: +$128,546 (+73.8%)
Metro area: Roseburg, OR
39. Fossil
Typical home value: $218,300
1-year price change: +$12,525 (+6.1%)
5-year price change: +$91,261 (+71.8%)
Metro area: not in a metro area
38. Gearhart
Typical home value: $627,315
1-year price change: +$12,562 (+2.0%)
5-year price change: +$239,113 (+61.6%)
Metro area: Astoria, OR
37. Keno
Typical home value: $298,595
1-year price change: +$12,604 (+4.4%)
5-year price change: +$115,275 (+62.9%)
Metro area: Klamath Falls, OR
36. Chiloquin
Typical home value: $259,515
1-year price change: +$12,623 (+5.1%)
5-year price change: +$108,298 (+71.6%)
Metro area: Klamath Falls, OR
35. Dunes City
Typical home value: $590,442
1-year price change: +$12,680 (+2.2%)
5-year price change: +$219,977 (+59.4%)
Metro area: Eugene-Springfield, OR
34. Donald
Typical home value: $441,890
1-year price change: +$12,694 (+3.0%)
5-year price change: +$144,504 (+48.6%)
Metro area: Salem, OR
33. Gaston
Typical home value: $622,569
1-year price change: +$12,901 (+2.1%)
5-year price change: +$206,672 (+49.7%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
32. Irrigon
Typical home value: $291,704
1-year price change: +$13,051 (+4.7%)
5-year price change: +$125,956 (+76.0%)
Metro area: Hermiston-Pendleton, OR
31. Union
Typical home value: $258,459
1-year price change: +$13,280 (+5.4%)
5-year price change: +$96,590 (+59.7%)
Metro area: La Grande, OR
30. Cove
Typical home value: $442,390
1-year price change: +$13,291 (+3.1%)
5-year price change: +$154,429 (+53.6%)
Metro area: La Grande, OR
29. Dayton
Typical home value: $485,595
1-year price change: +$13,447 (+2.8%)
5-year price change: +$172,324 (+55.0%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
28. Joseph
Typical home value: $473,277
1-year price change: +$13,620 (+3.0%)
5-year price change: +$198,015 (+71.9%)
Metro area: not in a metro area
27. Bonanza
Typical home value: $259,918
1-year price change: +$13,687 (+5.6%)
5-year price change: +$103,161 (+65.8%)
Metro area: Klamath Falls, OR
26. Vida
Typical home value: $494,789
1-year price change: +$14,107 (+2.9%)
5-year price change: +$123,620 (+33.3%)
Metro area: Eugene-Springfield, OR
25. Dundee
Typical home value: $563,824
1-year price change: +$15,006 (+2.7%)
5-year price change: +$180,318 (+47.0%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
24. Wilsonville
Typical home value: $629,933
1-year price change: +$15,008 (+2.4%)
5-year price change: +$186,767 (+42.1%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
23. Bend
Typical home value: $712,987
1-year price change: +$16,429 (+2.4%)
5-year price change: +$275,020 (+62.8%)
Metro area: Bend, OR
22. Alsea
Typical home value: $419,923
1-year price change: +$16,506 (+4.1%)
5-year price change: +$134,041 (+46.9%)
Metro area: Corvallis, OR
21. Amity
Typical home value: $564,962
1-year price change: +$18,312 (+3.3%)
5-year price change: +$193,281 (+52.0%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
20. Siletz
Typical home value: $391,087
1-year price change: +$18,357 (+4.9%)
5-year price change: +$159,442 (+68.8%)
Metro area: Newport, OR
19. North Powder
Typical home value: $215,133
1-year price change: +$19,163 (+9.8%)
5-year price change: +$88,868 (+70.4%)
Metro area: La Grande, OR
18. Sprague River
Typical home value: $220,200
1-year price change: +$19,724 (+9.8%)
5-year price change: data not available
Metro area: Klamath Falls, OR
17. Sisters
Typical home value: $790,456
1-year price change: +$20,268 (+2.6%)
5-year price change: +$319,091 (+67.7%)
Metro area: Albany-Lebanon, OR
16. Seal Rock
Typical home value: $511,012
1-year price change: +$20,332 (+4.1%)
5-year price change: +$221,422 (+76.5%)
Metro area: Newport, OR
15. Philomath
Typical home value: $486,982
1-year price change: +$20,747 (+4.4%)
5-year price change: +$174,261 (+55.7%)
Metro area: Corvallis, OR
14. Tidewater
Typical home value: $382,631
1-year price change: +$20,837 (+5.8%)
5-year price change: +$161,220 (+72.8%)
Metro area: Newport, OR
13. Crescent
Typical home value: $257,539
1-year price change: +$21,640 (+9.2%)
5-year price change: +$115,405 (+81.2%)
Metro area: Klamath Falls, OR
12. Corvallis
Typical home value: $523,952
1-year price change: +$21,702 (+4.3%)
5-year price change: +$161,172 (+44.4%)
Metro area: Corvallis, OR
11. Lake Oswego
Typical home value: $865,688
1-year price change: +$22,360 (+2.7%)
5-year price change: +$269,705 (+45.3%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
10. West Linn
Typical home value: $743,887
1-year price change: +$22,541 (+3.1%)
5-year price change: +$229,573 (+44.6%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
9. Monroe
Typical home value: $514,478
1-year price change: +$22,784 (+4.6%)
5-year price change: +$185,614 (+56.4%)
Metro area: Corvallis, OR
8. Eddyville
Typical home value: $388,051
1-year price change: +$23,839 (+6.5%)
5-year price change: +$169,151 (+77.3%)
Metro area: Newport, OR
7. West Slope
Typical home value: $748,448
1-year price change: +$24,471 (+3.4%)
5-year price change: +$223,870 (+42.7%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
6. Beatty
Typical home value: $222,604
1-year price change: +$26,077 (+13.3%)
5-year price change: data not available
Metro area: Klamath Falls, OR
5. Raleigh Hills
Typical home value: $908,585
1-year price change: +$30,832 (+3.5%)
5-year price change: +$284,983 (+45.7%)
Metro area: Portland-Vancouver-Hillsboro, OR-WA
4. Crescent Lake
Typical home value: $431,359
1-year price change: +$33,292 (+8.4%)
5-year price change: +$172,590 (+66.7%)
Metro area: Klamath Falls, OR
3. Powell Butte
Typical home value: $966,369
1-year price change: +$34,026 (+3.6%)
5-year price change: +$402,921 (+71.5%)
Metro area: Prineville, OR
2. Cannon Beach
Typical home value: $873,180
1-year price change: +$36,823 (+4.4%)
5-year price change: +$366,053 (+72.2%)
Metro area: Astoria, OR
1. Arch Cape
Typical home value: $954,700
1-year price change: +$48,490 (+5.4%)
5-year price change: +$388,348 (+68.6%)
Metro area: Astoria, OR
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