Oregon Real Estate and Livability Trends

Oregon's housing market has generally been on a strong upward trajectory, with median home values climbing from $237,300 in 2015 to $423,100 in 2022, significantly outpacing national trends. This could make the state an appealing option for real estate investors, though the higher entry costs compared to the national average may be a consideration. Residential energy tax credits have shown large... fluctuations, hitting a high of $3,093.05 in 2018, which might imply opportunities for cost savings through state incentives. Real estate taxes have seen a steady rise, from $3,535.29 per tax return in 2012 to $6,100.58 in 2021, especially spiking between 2017 and 2018, indicating escalating property values. Meanwhile, the percentage of farm tax returns indicates a slight decline over the past decade, potentially reflecting a shift in economic activities within the state’s agricultural sector. Read more

Oregon’s real estate market is reflecting the state’s rising economic trajectory, with the average taxable income per tax return climbing from $58,041.09 in 2013 to $88,976.97 in 2021. This growth suggests a robust economy, potentially driving up property values and creating lucrative opportunities for real estate investors and developers. However, this could also signal higher living costs, which current and prospective residents need to consider. Additionally, the state and local income... taxes per tax return have surged from approximately $7,562.44 in 2012 to around $17,077.66 by 2021, pointing to either increasing taxable income or higher tax rates. This may impact household budgets and influence real estate and insurance decisions. Finally, the average total tax liability per tax return in Oregon has risen significantly from $9,254.30 in 2012 to $15,328.87 in 2021, indicating growing financial obligations for residents that could affect investment and relocation choices. Read more

Property crime rates in Oregon have been quite the rollercoaster over the last five years, especially with fraud cases peaking at 16,861.00 incidents in 2019 before dipping to 9,409.00 in 2021, only to climb back to 11,285.00 in 2022. Vandalism has stubbornly hovered around 4,000 incidents annually, and an uptick in arson incidents from 2,117.00 in 2018 to 2,309.00 in 2022 is a troubling sign. Even though motor vehicle theft and embezzlement aren't as frequent, their year-to-year fluctuations... add another layer of complexity for both investors and residents. These trends are crucial since they hint at deeper economic and social shifts impacting property security in Oregon. Read more

Oregon's demographic landscape in 2022 reveals some intriguing patterns. There's a fairly balanced gender split among adults, with the female population slightly outnumbering males. Educational attainment is widely varied, but a significant portion has achieved at least a high school diploma, with notable numbers holding bachelor's and graduate degrees. Age-wise, young adults aged 25 to 34 form a substantial segment, suggesting a potential workforce trend. When it comes to race distribution,... the vast majority of residents are White, though there's noticeable diversity, including Asian, Black or African American, and other races. These insights could be pivotal for businesses and policy makers considering targeted strategies in this diverse and dynamic state. Read more

Oregon's 2020 U.S. Presidential Election data seems to show a Democratic lean, with about 56% of votes likely going to Democratic candidates and roughly 40% to Republicans. Smaller parties, like the Libertarians and Greens, garnered significantly fewer votes. This voting pattern might suggest either evolving political dynamics in the state or consistent party loyalties among its... residents. Read more

Over the past decade, Oregon's student-to-teacher ratio has fluctuated, peaking at 21 in 2014 and dropping to about 17 in both 2018 and 2022. With a consistent gap above the national average of 14 students per teacher, larger class sizes could concern families and educators seeking more individualized attention. For property developers and real estate agents, these trends might influence decisions on where to build or market homes, while appraisers and insurance agents might weigh these factors... in property evaluations and associated risks. Read more