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 10,218 people, 4,304 houses or apartments, and a median cost of homes of $354,564, North Bend real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Bend, accounting for 70.09% of the city's housing units. Other types of housing that are prevalent in North Bend include large apartment complexes or high rise apartments ( 17.30%), duplexes, homes converted to apartments or other small apartment buildings ( 9.92%), and a few row houses and other attached homes ( 2.27%).
The most prevalent building size and type in North Bend are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.18% owning and 41.82% 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. North Bend's housing was primarily built during this period, from the '40s through the '60s. A full 50.75% of the city's housing hails from this era. Other housing ages represented in North Bend include homes built between 1970-1999 ( 30.49%) and housing constructed before 1939 ( 12.46%). There's also some housing in North Bend built between 2000 and later ( 6.30%).
Vacant housing appears to be an issue in North Bend. Fully 10.48% of the housing stock is classified as vacant. Left unchecked, vacant North Bend homes and apartments can be a drag on the real estate market, holding North Bend 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 North Bend have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.09%, which ranks in the top 40% nationwide. This equates to an annual average North Bend house appreciation rate of 7.24%.
Over the last year, North Bend appreciation rates have trailed the rest of the nation. In the last twelve months, North Bend's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Bend were at 2.21%, which equates to an annual appreciation rate of 9.15%.
Relative to Oregon, our data show that North Bend's latest annual appreciation rate is higher than 60% 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 North Bend differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Bend - 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 North Bend real estate investment or home purchase decisions.
$354,564
for Oregon
for nation
4,304
$1,507 / per month