Hermiston-Pendleton Metro Area, OR Housing

The housing market in the Hermiston-Pendleton, OR Metro Area is quite impressive. The median value of homes in this area is $273,400, which is significantly lower than the US house median value of $338,100. Furthermore, the one year appreciation rate for houses in this area is 11.87%, which is higher than the national average of 8.27%. These figures are indicative of a strong and thriving housing market in this region. With such attractive prices and solid returns on investments, Hermiston-Pendleton has become an attractive destination for those looking to invest in property.

The median home cost in Hermiston-Pendleton Metro Area is $273,400. Home appreciation the last 10 years has been 105.4%. Home Appreciation in Hermiston-Pendleton Metro Area is up 15.2%.

Average Age of Homes

- The median age of Hermiston-Pendleton Metro Area real estate is 43 years old

The Rental Market in Hermiston-Pendleton Metro Area

- Renters make up 33.6% of the Hermiston-Pendleton Metro Area population
- 1.6% of houses and apartments in Hermiston-Pendleton Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hermiston-Pendleton, Oregon	United States
	35,601.0	139,647,020.0
	45	42
	$273,400	$338,100
	15.2%	16.6%
	70.1%	57.0%
	105.4%	101.1%
	$10.85	$10.98
	$2,139	$2,690
	59.0%	57.4%
	12.7%	11.2%
	28.4%	31.4%
Vacant Housing
	1.6%	1.9%
	0.2%	0.4%
	0.7%	0.7%
	0.2%	0.4%
	3.6%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	5.7%	2.6%
	2.0%	2.4%
	2.4%	2.8%
	2.6%	3.9%
	4.8%	4.5%
	16.6%	11.3%
	16.3%	13.0%
	26.3%	20.1%
	12.7%	13.6%
	5.4%	8.3%
	3.7%	9.7%
	0.7%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	12.1%	13.6%
	12.1%	13.6%
	15.3%	13.6%
	10.5%	13.2%
	18.2%	14.8%
	15.3%	13.6%
	11.6%	10.0%
	6.9%	4.7%
	12.5%	12.2%

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