Welcome to our 97116 real estate data hub, tailored for investors in Forest Grove, OR. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 97116 in Forest Grove, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WASHINGTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Forest Grove, OR real estate investing. Uncover the wealth of information available, and position yourself for success in the Forest Grove property market.
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Location Overview
- Zip Code: 97116
- City: Forest Grove
- State: OR
- Metro Area: Portland-Vancouver-Hillsboro, OR-WA
- County Name: WASHINGTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $507,145
- Average Home Price (Single Family Homes): $509,836
- Average Monthly Rental Price (All Types): $1,727
- Price-to-Rent Ratio: 24
- Zillow Projected % appreciation from 4/2023-4/2024: -1.1%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,570
- Average 3 Bedroom Section 8 Rental Rates: $2,210
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 26.92
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 19.12
- Number of Units Offered in Section 8 in the County: 926
- Number of Occupied Units in Section 8 in the County: 876
- Percentage of Section 8 Units Occupied in the County: 94.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 487.57
- Total % Appreciation since 2000 (Government Data): 184.31
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.42%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.38%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 28.93%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.31%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 131.99%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 74.91%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 157.97%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%