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 1,931 people, 578 houses or apartments, and a median cost of homes of $773,031, Boring house prices are not only among the most expensive in Oregon, Boring 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 Boring, accounting for 90.33% of the town's housing units. Other types of housing that are prevalent in Boring include mobile homes or trailers ( 9.67%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boring. Owner-occupied housing accounts for 94.12% of Boring's homes, and 62.05% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Boring 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 Boring built between 1940-1969 ( 22.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.43%). There's also some housing in Boring built before 1939 ( 12.05%).
Vacant housing appears to be an issue in Boring. Fully 13.99% of the housing stock is classified as vacant. Left unchecked, vacant Boring homes and apartments can be a drag on the real estate market, holding Boring 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.
Real estate appreciation rates in Boring's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.53% during the period.
Over the last year, Boring appreciation rates have trailed the rest of the nation. In the last twelve months, Boring's appreciation rate has been 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boring were at -0.71%, which equates to an annual appreciation rate of -2.82%.
Notably, Boring's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Boring's latest annual appreciation rate is lower than 80% of the other cities and towns in Oregon.
$773,031
for Oregon
for nation
578
$2,488 / per month