Hood River, OR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hood River, OR Housing Market Trends

With 8,313 people, 3,508 houses or apartments, and a median cost of homes of $575,076, Hood River house prices are not only among the most expensive in Oregon, Hood River 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 Hood River, accounting for 57.40% of the city's housing units. Other types of housing that are prevalent in Hood River include large apartment complexes or high rise apartments ( 17.16%), duplexes, homes converted to apartments or other small apartment buildings ( 9.96%), and a few row houses and other attached homes ( 8.64%).

The most prevalent building size and type in Hood River are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.25% owning and 46.75% renting.

There is a lot of housing in Hood River 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 Hood River built between 2000 and later ( 28.83%). A lesser amount of the housing stock also hails from before 1939 ( 19.70%). There's also some housing in Hood River built between 1940-1969 ( 17.18%).

Vacant housing appears to be an issue in Hood River. Fully 10.83% of the housing stock is classified as vacant. Left unchecked, vacant Hood River homes and apartments can be a drag on the real estate market, holding Hood River 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.

Hood River Home Appreciation Rates

In the last 10 years, Hood River has experienced some of the highest home appreciation rates of any community in the nation. Hood River real estate appreciated 112.97% over the last ten years, which is an average annual home appreciation rate of 7.85%, putting Hood River in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hood River definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hood River's appreciation rate, at 17.83%, has been at or slightly above the national average. In the latest quarter, Hood River's appreciation rate has been 2.60%, which annualizes to a rate of 10.81%.

Relative to Oregon, our data show that Hood River's latest annual appreciation rate is lower than 50% 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 Hood River differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hood River - 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 Hood River real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$575,076

Hood River, OR HOME PRICES

> $1,396,000
$1,047,001 - $1,396,000
$698,001 - $1,047,000
$559,001 - $698,000
$419,001 - $559,000
$279,001 - $419,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
0.5%
0.5%
6.3%
6.3%
20.5%
20.5%
24.7%
24.7%
20.7%
20.7%
17.6%
17.6%
3.1%
3.1%
0.0%
0.0%
6.8%
6.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OR

Value Relative To Nation

Number Of Homes And Apartments:
3,508

Hood River Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
235.54% 5.59%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,177 / per month

Homeownership Rate

Owners
Renters
Vacant
53.2%
53.2%
46.8%
46.8%
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
28.8%
28.8%
34.3%
34.3%
17.2%
17.2%
19.7%
19.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.4%
57.4%
8.6%
8.6%
10.0%
10.0%
17.2%
17.2%
6.8%
6.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.2%
5.2%
12.7%
12.7%
30.5%
30.5%
37.6%
37.6%
12.2%
12.2%
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Zip Codes in Hood River, OR