Troutdale and Gresham had the highest appreciation rates for the last 12 months, according to RMLS and the Portland, Oregon Real Estate Blog. Appreciation percents are based on a comparison of average price for the last 12 months with 12 months before.
Here are the current appreciation rates for the region:
Rate - Area
16.3% - Gresham, Troutdale
13.3% - Lake Oswego, West Linn
13.1% - Hillsboro, Forest Grove
11.5% - Southeast Portland
11.5% - North Portland
11.2% - Milwaukie, Clackamas
9.4% - Northeast Portland
9.1% - Oregon City, Canby
6.4% - Beaverton, Aloha
6.1% - Northwest Washington County
5.2% - West Portland
3.8% - Tigard, Tualatin, Sherwood, Wilsonville
The Portland, Oregon Real Estate blog also says Troutdale and Gresham homes are more affordable than most of the region:
Average - Median = Area
$550,400 - $462,500 = Lake Oswego, West Linn
$464,100 - $377,000 = West Portland
$399,600 - $369,000 = Northwest Washington County
$375,600 - $335,000 = Tigard, Tualatin, Sherwood, Wilsonville
$345,000 - $307,700 = Milwaukie, Clackamas, Happy Valley, Damascus
$320,300 - $299,900 = Oregon City, Canby
$312,900 - $274,500 = Northeast Portland
$298,100 - $270,000 = Hillsboro, Forest Grove
$285,200 - $260,000 = Beaverton, Aloha
$282,400 - $260,000 = Gresham, Troutdale
$281,700 - $248,000 = Southeast Portland
$264,000 - $248,500 = North Portland
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