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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Terrebonne, OR Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Terrebonne, OR Housing Market Trends

With 1,393 people, 450 houses or apartments, and a median cost of homes of $811,416, Terrebonne house prices are not only among the most expensive in Oregon, Terrebonne real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Terrebonne, accounting for 72.22% of the town's housing units. Other types of housing that are prevalent in Terrebonne include mobile homes or trailers ( 27.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Terrebonne. Owner-occupied housing accounts for 82.44% of Terrebonne's homes, and 76.00% have either three or four bedrooms, which is average sized relative to America.

Terrebonne homes and real estate are some of the newest in America. 55.56% of Terrebonne's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Terrebonne real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.44%), and between 1940-1969 ( 0.00%).

Terrebonne Home Appreciation Rates

In the last 10 years, Terrebonne has experienced some of the highest home appreciation rates of any community in the nation. Terrebonne real estate appreciated 179.62% over the last ten years, which is an average annual home appreciation rate of 10.83%, putting Terrebonne in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Terrebonne definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Terrebonne's appreciation rate, at 6.70%, has been at or slightly above the national average. In the latest quarter, Terrebonne's appreciation rate has been 3.56%, which annualizes to a rate of 15.02%.

Importantly, this makes Terrebonne one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Oregon, our data show that Terrebonne's latest annual appreciation rate is higher than 90% of the other cities and towns in Oregon.

Average Home Values

Median Home Value

$811,416

Terrebonne, OR Home Prices
> $1,489,000
$1,117,001 - $1,489,000
$744,001 - $1,117,000
$596,001 - $744,000
$447,001 - $596,000
$298,001 - $447,000
$149,001 - $298,000
$75,001 - $149,000
$0 - $75,000
5.4%
5.4%
19.1%
19.1%
29.7%
29.7%
24.0%
24.0%
6.0%
6.0%
5.9%
5.9%
3.2%
3.2%
0.0%
0.0%
6.6%
6.6%
0% 100.0%
% of Homes
Very High

for Oregon

Very High

for nation

Number of Homes And Apartments:

450

Terrebonne Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,002 / per month

Homeownership Rate

Owners
Renters
82.4%
82.4%
17.6%
17.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
55.6%
55.6%
44.4%
44.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.2%
72.2%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
27.8%
27.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
13.3%
13.3%
10.7%
10.7%
48.7%
48.7%
27.3%
27.3%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Terrebonne

Zip Codes in Terrebonne, OR