Foreclosure Homes in Philomath, OR 97370

Current Market Conditions in Philomath, OR

The real estate market in Philomath has been experiencing steady growth, with a notable increase in home values as more people are drawn to its serene lifestyle. The demand for housing has been on the rise due to the town's appealing small-town charm and its proximity to larger cities like Corvallis, attracting families and professionals.

Current trends indicate a shortage of available inventory, which has led to competitive bidding situations for desirable properties. Homes priced under the median range tend to sell quickly, showcasing the strong interest in this area. Overall, Philomath remains an attractive place for both buyers and investors seeking a balanced lifestyle.

Rent Prices In Philomath, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Philomath, OR, is on a rollercoaster ride. The average rent price in Philomath, OR, is $1,335.00. Indeed, when looking to rent in Philomath, OR, you can expect to pay as little as $670.00 or as much as $3,550.00, 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 Philomath, 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.