Cities with the fastest growing home prices in Albany, Oregon metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Albany, Oregon metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Albany-Lebanon, OR metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Halsey, OR

- 1-year price change: +$28,220 (+8.1%)
- 5-year price change: +$164,316 (+77.1%)
- Typical home value: $377,323 (#12 most expensive city in metro)
2 / 14
Stacker

#13. Harrisburg, OR

- 1-year price change: +$30,305 (+8.0%)
- 5-year price change: +$170,287 (+71.1%)
- Typical home value: $409,798 (#10 most expensive city in metro)
3 / 14
Stacker

#12. Sweet Home, OR

- 1-year price change: +$30,825 (+9.2%)
- 5-year price change: +$167,010 (+83.8%)
- Typical home value: $366,392 (#13 most expensive city in metro)
4 / 14
Stacker

#11. Brownsville, OR

- 1-year price change: +$32,458 (+8.2%)
- 5-year price change: +$175,898 (+69.8%)
- Typical home value: $427,805 (#8 most expensive city in metro)
5 / 14
Stacker

#10. Mill City, OR

- 1-year price change: +$35,294 (+10.9%)
- 5-year price change: +$171,176 (+91.7%)
- Typical home value: $357,904 (#14 most expensive city in metro)

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6 / 14
Stacker

#9. Lebanon, OR

- 1-year price change: +$35,540 (+9.7%)
- 5-year price change: +$173,637 (+76.2%)
- Typical home value: $401,583 (#11 most expensive city in metro)
7 / 14
Stacker

#8. Albany, OR

- 1-year price change: +$36,307 (+9.3%)
- 5-year price change: +$173,748 (+68.7%)
- Typical home value: $426,764 (#9 most expensive city in metro)
8 / 14
Stacker

#7. Sisters, OR

- 1-year price change: +$36,547 (+4.9%)
- 5-year price change: +$341,643 (+77.5%)
- Typical home value: $782,322 (#1 most expensive city in metro)
9 / 14
Stacker

#6. Shedd, OR

- 1-year price change: +$42,208 (+8.7%)
- 5-year price change: +$213,574 (+67.9%)
- Typical home value: $527,944 (#5 most expensive city in metro)
10 / 14
Stacker

#5. Gates, OR

- 1-year price change: +$43,711 (+11.2%)
- 5-year price change: +$170,069 (+64.4%)
- Typical home value: $434,225 (#7 most expensive city in metro)

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11 / 14
Stacker

#4. Foster, OR

- 1-year price change: +$67,219 (+14.5%)
- 5-year price change: +$240,008 (+82.2%)
- Typical home value: $532,022 (#4 most expensive city in metro)
12 / 14
Stacker

#3. Scio, OR

- 1-year price change: +$67,436 (+12.6%)
- 5-year price change: +$254,916 (+73.4%)
- Typical home value: $602,176 (#3 most expensive city in metro)
13 / 14
Stacker

#2. Millersburg, OR

- 1-year price change: +$68,691 (+12.8%)
- 5-year price change: +$249,800 (+69.9%)
- Typical home value: $607,315 (#2 most expensive city in metro)
14 / 14
Stacker

#1. Tangent, OR

- 1-year price change: +$70,263 (+15.9%)
- 5-year price change: +$218,424 (+74.2%)
- Typical home value: $512,626 (#6 most expensive city in metro)

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