Living in Molalla, OR
Molalla, OR, is a quaint town located in Clackamas County that combines scenic views with a tight-knit community vibe. It offers abundant outdoor activities, local shops, and a variety of family-friendly events, making it an appealing place for residents of all ages. With a blend of rural charm and convenient access to urban amenities, Molalla is perfect for those seeking a peaceful lifestyle without sacrificing access to modern conveniences.
Current Market Conditions in Molalla, OR
The Molalla real estate market has shown promising growth over recent years, with an influx of new residents attracted by its affordability compared to nearby cities. Median home prices have been steadily increasing, reflecting the demand for homes in this welcoming community. Recent construction of new homes and developments has further boosted the market, providing varied options for potential buyers.
As of late 2023, the housing shortage is evident, particularly for mid-range homes, which has pushed prices higher. Despite this, Molalla remains an excellent value compared to other suburban areas, especially those in the Portland metropolitan region.
Home Value Estimator For Molalla, OR
There are currently 5,568 real estate properties
in Molalla, OR,
with a median automated valuation model (AVM) price
of $488,597.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Molalla, 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 Molalla, OR,
is $582,187.00, with the most expensive house
in Molalla, OR, topping out
at $10,180,077.00 and the cheapest home
in Molalla, OR,
clocking in at $24,186.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Molalla, OR!
Rent Prices
In Molalla, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Molalla, OR, is on
a rollercoaster ride. The
average rent price in Molalla, OR,
is $1,328.00. Indeed, when looking to rent in
Molalla, OR, you can expect to pay as little
as $670.00 or as much
as $2,800.00,
with the average rent median estimated to
be $1,300.00. The good news is that finding
an affordable and desirable property to rent in Molalla, 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.
Learn more on Foreclosure homes
