Foreclosure Homes in Phoenix, OR 97535

Current Market Conditions in Phoenix, OR

The real estate market in Phoenix is currently experiencing growth, especially with the influx of out-of-town buyers seeking more affordable housing compared to nearby Medford and Ashland. Prices have seen a steady increase, as the demand for homes rises while inventory remains relatively low.

The rental market has also become active, driven by individuals and families looking for temporary housing as they transition to buying their first homes or relocating. As the city continues to develop, more amenities and infrastructure improvements are projected, which could further increase demand.

Rent Prices In Phoenix, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phoenix, OR, is on a rollercoaster ride. The average rent price in Phoenix, OR, is $1,195.00. Indeed, when looking to rent in Phoenix, OR, you can expect to pay as little as $670.00 or as much as $2,560.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Phoenix, 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.