Oregon Real Estate Market Trends & Analysis

The Oregon real estate market serves as a testament to national housing trends. As one of the hottest markets in the country, real estate in Oregon owes a great deal of its recent success to inbound migration. The state of Oregon has netted a positive migration pattern for more than a decade, and there’s nothing to suggest the momentum won’t continue moving forward.

Combined with a strong economy, relatively affordable housing, some recent adjustments to single-family zoning laws, and a continuous influx of prospective buyers, Oregon should remain a balanced and active market. Whether buying, selling or investing, the Oregon real estate market should facilitate a healthy amount of activity for the foreseeable future.

Oregon Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Escrow
Conveyance: Warranty/Bargain-and-Sale Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 4 - 6 months
Notice of Sale: Trustee
Redemption Period: None

Taxes

Income Tax: 5.00%-9.90%
Corporate Tax: 6.6 - 7.6%
Sales Tax: None
Estate Tax: 10.00%-16.00%
Inheritance Tax: No
Median Property Tax: 0.87%
Property Taxes by County: http://www.tax-rates.org/oregon/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,559.00
Transfer Fee: No Fees
Origination Fee: $1,896.00

Overview

  • Median Home Value: $347,800
  • 1-Year Appreciation Rate: +3.1%
  • Median Home Value (1-Year Forecast): +1.4%
  • Median Rent Price: $1,850
  • Price-To-Rent Ratio: 15.66
  • Average Days On Market: 60
  • Unemployment Rate: 4.0% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 4,190,713 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $56,119 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 9.19%
  • Foreclosure Rate: 1 in every 5,236

Oregon Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Deed state
  • Redemption Period: 3 years until state can foreclose