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 21,375 people, 9,286 houses or apartments, and a median cost of homes of $531,076, Milwaukie real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Milwaukie, accounting for 67.62% of the city's housing units. Other types of housing that are prevalent in Milwaukie include large apartment complexes or high rise apartments ( 22.53%), duplexes, homes converted to apartments or other small apartment buildings ( 5.63%), and a few row houses and other attached homes ( 3.07%).
The most prevalent building size and type in Milwaukie are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.63% owning and 42.37% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Milwaukie's housing was primarily built during this period, from the '40s through the '60s. A full 42.81% of the city's housing hails from this era. Other housing ages represented in Milwaukie include homes built between 1970-1999 ( 40.98%) and housing constructed before 1939 ( 11.12%). There's also some housing in Milwaukie built between 2000 and later ( 5.09%).
Appreciation rates for homes in Milwaukie have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.56%, which ranks in the top 30% nationwide. This equates to an annual average Milwaukie house appreciation rate of 7.63%.
Over the last year, Milwaukie appreciation rates have trailed the rest of the nation. In the last twelve months, Milwaukie's appreciation rate has been -1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Milwaukie were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Oregon, our data show that Milwaukie's latest annual appreciation rate is lower than 90% of the other cities and towns in Oregon.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Milwaukie differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Milwaukie - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Milwaukie real estate investment or home purchase decisions.
$531,076
for Oregon
for nation
9,286
$2,194 / per month