Living in Timber, OR
Timber, OR is a peaceful rural community surrounded by beautiful landscapes and abundant outdoor activities. It offers a serene lifestyle away from urban chaos, with a close-knit community feel. Residents enjoy access to nearby amenities while being immersed in nature's tranquility.
Current Market Conditions in Timber, OR
The real estate market in Timber, OR is quite stable, characterized by moderate price growth and a strong demand for homes due to its attractive lifestyle. Investors may find opportunities in both residential properties and vacation rentals, especially as outdoor tourism continues to grow.
As more individuals seek remote locations with access to nature, Timber has seen an uptick in interest from buyers looking for second homes or retirement properties. This trend provides favorable conditions for investors looking to capitalize on this niche market.
Home Value Estimator For Timber, OR
There are currently 80 real estate properties
in Timber, OR,
with a median automated valuation model (AVM) price
of $400,004.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Timber, 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 Timber, OR,
is $395,991.00, with the most expensive house
in Timber, OR, topping out
at $759,326.00 and the cheapest home
in Timber, OR,
clocking in at $17,393.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Timber, OR!
Rent Prices
In Timber, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Timber, OR, is on
a rollercoaster ride. The
average rent price in Timber, OR,
is $1,219.00. Indeed, when looking to rent in
Timber, OR, you can expect to pay as little
as $720.00 or as much
as $1,980.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Timber, 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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