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 17,070 people, 5,950 houses or apartments, and a median cost of homes of $321,727, Pendleton real estate values are some of the lowest in Oregon, although compared to real estate around the nation, Pendleton homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Pendleton, accounting for 63.53% of the city's housing units. Other types of housing that are prevalent in Pendleton include large apartment complexes or high rise apartments ( 15.91%), duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), and a few mobile homes or trailers ( 6.45%).
The most prevalent building size and type in Pendleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.86% owning and 51.14% 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. Pendleton's housing was primarily built during this period, from the '40s through the '60s. A full 39.63% of the city's housing hails from this era. Other housing ages represented in Pendleton include homes built between 1970-1999 ( 29.06%) and housing constructed before 1939 ( 21.06%). There's also some housing in Pendleton built between 2000 and later ( 10.24%).
Vacant housing appears to be an issue in Pendleton. Fully 14.39% of the housing stock is classified as vacant. Left unchecked, vacant Pendleton homes and apartments can be a drag on the real estate market, holding Pendleton 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.
Appreciation rates for homes in Pendleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.93%, which ranks in the top 50% nationwide. This equates to an annual average Pendleton house appreciation rate of 6.74%.
Over the last year, Pendleton appreciation rates have trailed the rest of the nation. In the last twelve months, Pendleton's appreciation rate has been 3.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pendleton were at 2.21%, which equates to an annual appreciation rate of 9.15%.
Relative to Oregon, our data show that Pendleton's latest annual appreciation rate is higher than 80% 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 Pendleton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pendleton - 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 Pendleton real estate investment or home purchase decisions.
$321,727
for Oregon
for nation
5,950
$1,349 / per month