The housing market in McMinnville, OR (97128) is relatively strong compared to the US average. The median home value in this area is $456,900 and has appreciated 7.02% over the past year, which is slightly lower than the national rate of 8.27%. These numbers demonstrate that housing prices in this area are on the rise, making it a beneficial time to invest in real estate here.
The median home cost in McMinnville (zip 97128) is $456,900. Home appreciation the last 10 years has been 142.7%. Home Appreciation in McMinnville (zip 97128) is up 13.1%.
Average Age of Homes
- The median age of McMinnville (zip 97128) real estate is 31 years old
The Rental Market in McMinnville (zip 97128)
- Renters make up 37.8% of the McMinnville (zip 97128) population
- 0.9% of houses and apartments in McMinnville (zip 97128), 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.