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 10,171 people, 3,781 houses or apartments, and a median cost of homes of $499,781, Molalla real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Molalla, accounting for 64.50% of the city's housing units. Other types of housing that are prevalent in Molalla include large apartment complexes or high rise apartments ( 18.77%), duplexes, homes converted to apartments or other small apartment buildings ( 10.05%), and a few mobile homes or trailers ( 5.04%).
The most prevalent building size and type in Molalla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.65% owning and 38.35% renting.
There is a lot of housing in Molalla 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 Molalla built between 2000 and later ( 39.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.66%). There's also some housing in Molalla built before 1939 ( 4.06%).
Appreciation rates for homes in Molalla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.05%, which ranks in the top 30% nationwide. This equates to an annual average Molalla house appreciation rate of 7.60%.
Over the last year, Molalla appreciation rates have trailed the rest of the nation. In the last twelve months, Molalla's appreciation rate has been -0.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Molalla were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Oregon, our data show that Molalla's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.
$499,781
for Oregon
for nation
3,781
$2,181 / per month