5 Oregon towns among top 25 most expensive in U.S., according to new analysis

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

5 Oregon towns among top 25 most expensive in U.S., according to new analysis

PORTLAND, Ore. (

This is the hidden content, please

• Sign In
• or
• Sign Up

) — Turns out, the idea that housing is inherently less expensive in towns than in cities is largely fiction, according to

This is the hidden content, please

• Sign In
• or
• Sign Up

by LendingTree.

For this analysis, LendingTree compiled the data from the U.S. Census Bureau 2022 ********* Community Survey on 50 U.S. towns with populations between 10,000 and 50,000.

This is the hidden content, please

• Sign In
• or
• Sign Up

The top three ******* States towns with the highest home values are Vineyard Haven, Mass. ($998,100), Jackson, Wyo. ($847,300) and Breckenridge, Colo. ($760,000).

But among the top 25, five Oregon towns made the list:

7) Hood River

Total population: 23,965

Median home value: $492,500

Metro with comparable median home value: Portland, Ore.

10) Astoria

Total population: 41,190

Median home value: $407,700

Metro with comparable median home value: Austin, Tex.

Forbes: These are the best companies to work for in Oregon

16) Prineville

Total population: 24,987

Median home value: $368,200

Metro with comparable median home value: Las Vegas, Nev.

18) Brookings

Total population: 23,404

Median home value: $353,200

Metro with comparable median home value: Baltimore, Md.

25) The Dalles

Total population: 26,639

Median home value: $298,200

Metro with comparable median home value: Dallas, Tex.

This is the hidden content, please

• Sign In
• or
• Sign Up

Honorable mention:

39) La Grande

Total population: 26,286

Median home value: $243,400

Metro with comparable median home value: New Orleans, La.

The full top 25 towns are as follows:

Vineyard Haven, Mass.

Jackson, Wyo.

Breckenridge, Colo.

Steamboat Springs, Colo.

Hailey, Idaho

Gardnerville Ranchos, Nev.

Hood River, Ore.

Ellensburg, Wash.

Los Alamos, N.M.

Astoria, Ore.

Juneau, Alaska

Fredericksburg, Tex.

***** ****** Hills, N.C.

Easton, Md.

Sandpoint, Idaho

Prineville, Ore.

Ketchikan, Alaska

Brookings, Ore.

Sheridan, Wyo.

Montrose, Colo.

Taos, N.M.

Moscow, Idaho

Brevard, N.C.

Pullman, Wash.

The Dalles, Ore.

Overall, the study found that many towns across the country have some home average home values that rival, or even exceed, those of some of the nation’s 50 largest metropolitan areas, including Los Angeles ($772,000) and San Francisco ($1,073,300).

This is likely due to many expensive towns being popular vacation spots for more affluent individuals. According to LendingTree, these buyers can purchase the housing supply that typically comes with a rural area and further drive up prices.

Additionally, even rural towns that aren’t popular vacation spots can see high prices solely due to limited real estate and housing in the area. This creates competition among buyers, and again, further increases prices.

Story continues

Despite these results, the study did state that not all real estate in smaller towns is “prohibitively expensive.” However, the current high-rate, high-price housing market does make it a bit more challenging.

Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up

#Oregon #towns #among #top #expensive #U.S #analysis

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up