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 a population of 10,206, 4,102 total housing units (homes and apartments), and a median house value of $357,068, Sweet Home real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sweet Home, accounting for 71.00% of the city's housing units. Other types of housing that are prevalent in Sweet Home include mobile homes or trailers ( 12.82%), duplexes, homes converted to apartments or other small apartment buildings ( 10.25%), and a few large apartment complexes or high rise apartments ( 3.33%).
The most prevalent building size and type in Sweet Home are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.93% owning and 36.07% 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. Sweet Home's housing was primarily built during this period, from the '40s through the '60s. A full 42.42% of the city's housing hails from this era. Other housing ages represented in Sweet Home include homes built between 1970-1999 ( 34.19%) and housing constructed between 2000 and later ( 20.01%). There's also some housing in Sweet Home built before 1939 ( 3.38%).
In the last 10 years, Sweet Home has experienced some of the highest home appreciation rates of any community in the nation. Sweet Home real estate appreciated 138.98% over the last ten years, which is an average annual home appreciation rate of 9.10%, putting Sweet Home in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sweet Home definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Sweet Home appreciation rates have trailed the rest of the nation. In the last twelve months, Sweet Home's appreciation rate has been 3.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sweet Home were at 2.57%, which equates to an annual appreciation rate of 10.68%.
Importantly, this makes Sweet Home 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 Sweet Home's latest annual appreciation rate is lower than 50% of the other cities and towns in Oregon.
$357,068
for Oregon
for nation
4,102
$1,537 / per month