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 10,713, 4,210 total housing units (homes and apartments), and a median house value of $427,720, Cottage Grove real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Cottage Grove, accounting for 68.63% of the city's housing units. Other types of housing that are prevalent in Cottage Grove include large apartment complexes or high rise apartments ( 12.62%), duplexes, homes converted to apartments or other small apartment buildings ( 7.99%), and a few mobile homes or trailers ( 5.26%).
The most prevalent building size and type in Cottage Grove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.54% owning and 41.46% renting.
There is a lot of housing in Cottage Grove 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 Cottage Grove built between 1940-1969 ( 27.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.54%). There's also some housing in Cottage Grove built before 1939 ( 15.91%).
In the last 10 years, Cottage Grove has experienced some of the highest home appreciation rates of any community in the nation. Cottage Grove real estate appreciated 115.65% over the last ten years, which is an average annual home appreciation rate of 7.99%, putting Cottage Grove in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cottage Grove 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, Cottage Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Cottage Grove's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cottage Grove were at 0.79%, which equates to an annual appreciation rate of 3.20%.
Relative to Oregon, our data show that Cottage Grove's latest annual appreciation rate is higher than 70% 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 Cottage Grove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cottage Grove - 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 Cottage Grove real estate investment or home purchase decisions.
$427,720
for Oregon
for nation
4,210
$1,547 / per month