Living in Eugene, OR
Eugene, Oregon, is a thriving city that blends culture, outdoor recreation, and community spirit. Known for its beautiful landscapes and the University of Oregon, it offers residents a lively lifestyle with diverse dining and shopping options. With a commitment to sustainability and numerous events, Eugene is an ideal place for those who seek both adventure and community.
Current Market Conditions in Eugene, OR
The real estate market in Eugene, OR, is currently experiencing a competitive landscape, with an increasing trend in property values. The demand for homes remains high due to the city's attractive amenities, outdoor lifestyle, and educational institutions, which continue to draw new residents.
Inventory levels for homes in Eugene are relatively low, contributing to the rising prices and making it a strong market for sellers. Investors can find opportunities in both single-family homes and multi-family units, particularly as the city’s popularity grows.
Home Value Estimator For Eugene, OR
There are currently 70,159 real estate properties
in Eugene, OR,
with a median automated valuation model (AVM) price
of $461,647.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Eugene, OR, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Eugene, OR,
is $535,505.00, with the most expensive house
in Eugene, OR, topping out
at $118,904,968.00 and the cheapest home
in Eugene, OR,
clocking in at $16,006.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Eugene, OR!
Rent Prices
In Eugene, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Eugene, OR, is on
a rollercoaster ride. The
average rent price in Eugene, OR,
is $1,331.00. Indeed, when looking to rent in
Eugene, OR, you can expect to pay as little
as $540.00 or as much
as $3,760.00,
with the average rent median estimated to
be $1,290.00. The good news is that finding
an affordable and desirable property to rent in Eugene, OR
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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