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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 4,321 people, 2,146 houses or apartments, and a median cost of homes of $360,597, Reedsport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Reedsport, accounting for 61.98% of the city's housing units. Other types of housing that are prevalent in Reedsport include mobile homes or trailers ( 22.99%), large apartment complexes or high rise apartments ( 10.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.33%).
Dwellings in Reedsport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 60.96% of the homes in Reedsport have two or fewer bedrooms.
There is a lot of housing in Reedsport 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 Reedsport built between 1940-1969 ( 37.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.96%). There's also some housing in Reedsport built before 1939 ( 6.54%).
In the last 10 years, Reedsport has experienced some of the highest home appreciation rates of any community in the nation. Reedsport real estate appreciated 198.14% over the last ten years, which is an average annual home appreciation rate of 11.54%, putting Reedsport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Reedsport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Reedsport appreciation rates have trailed the rest of the nation. In the last twelve months, Reedsport's appreciation rate has been 3.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reedsport were at -1.99%, which equates to an annual appreciation rate of -7.71%.
Notably, Reedsport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Reedsport's latest annual appreciation rate is higher than 50% of the other cities and towns in Oregon.
$360,597
for Oregon
for nation
2,146
$1,078 / per month