Silverton, OR Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Silverton, OR Housing Market Trends

With 10,618 people, 3,831 houses or apartments, and a median cost of homes of $428,156, real estate costs in Silverton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.

Single-family detached homes are the single most common housing type in Silverton, accounting for 74.15% of the city's housing units. Other types of housing that are prevalent in Silverton include duplexes, homes converted to apartments or other small apartment buildings ( 11.58%), large apartment complexes or high rise apartments ( 6.88%), and a few row houses and other attached homes ( 4.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Silverton. Owner-occupied housing accounts for 67.33% of Silverton's homes, and 57.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Silverton 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 Silverton built between 2000 and later ( 32.43%). A lesser amount of the housing stock also hails from before 1939 ( 21.00%). There's also some housing in Silverton built between 1940-1969 ( 13.97%).

Silverton Home Appreciation Rates

In the last 10 years, Silverton has experienced some of the highest home appreciation rates of any community in the nation. Silverton real estate appreciated 98.78% over the last ten years, which is an average annual home appreciation rate of 7.11%, putting Silverton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Silverton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Silverton that despite a nationwide downturn in the housing market, Silverton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Silverton appreciation rates continue to be some of the highest in America, at 11.56%, which is higher than appreciation rates in 80.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Silverton. Silverton appreciation rates in the latest quarter were at 4.50%, which equates to an annual appreciation rate of 19.25%.

Importantly, this makes Silverton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Silverton's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$428,156

Silverton, OR HOME PRICES

> $1,378,000
0.2%
0.2%
$1,034,001 - $1,378,000
1.6%
1.6%
$689,001 - $1,034,000
12.8%
12.8%
$551,001 - $689,000
17.3%
17.3%
$414,001 - $551,000
20.5%
20.5%
$276,001 - $414,000
27.0%
27.0%
$138,001 - $276,000
15.5%
15.5%
$69,001 - $138,000
2.8%
2.8%
$0 - $69,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for OR

Value Relative To Nation

Number Of Homes And Apartments:
3,831

Silverton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
140.98% 4.18%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,362 / per month

Homeownership Rate

Owners
67.3%
67.3%
Renters
32.7%
32.7%
Vacant
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.4%
32.4%
1970 - 1999
32.6%
32.6%
1940 - 1969
14.0%
14.0%
1939 or Older
21.0%
21.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.2%
74.2%
Townhomes
4.3%
4.3%
Small Apt. Buildings
11.6%
11.6%
Apt. Complexes
6.9%
6.9%
Mobile Homes
2.7%
2.7%
Other
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
6.5%
6.5%
2 Bedrooms
31.8%
31.8%
3 Bedrooms
37.7%
37.7%
4 Bedrooms
19.5%
19.5%
5 or more bedrooms
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Silverton

Zip Codes in Silverton, OR