Living in Timber, OR
Timber, Oregon, is a serene and scenic rural community surrounded by the natural beauty of the Oregon Coast Range. It is ideal for outdoor enthusiasts, with ample opportunities for hiking and fishing. This charming area offers a tight-knit community feel while being easily accessible to nearby towns for urban conveniences.
Current Market Conditions in Timber, OR
The real estate market in Timber, OR, is characterized by a stable demand for homes in a picturesque rural setting. Properties tend to be sought after due to the area's beautiful landscapes and outdoor recreational opportunities, appealing to nature lovers and those seeking a peaceful lifestyle.
Currently, Timber has seen a gradual increase in home values, reflecting a broader trend of people moving to more rural areas for quality of life considerations. As remote work becomes more popular, many buyers are looking for larger properties with room for gardens and outdoor spaces.
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 $405,269.00. 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 $398,559.00, with the most expensive house
in Timber, OR, topping out
at $757,064.00 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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