According to statistics, the population in Hermiston, OR amounts to 17,241, which shows decline 1% compared to the previous year. The median age of the city’s residents is 31. The average household income is $50,694, shifting growth 3% from the past year, and the average property value in Hermiston, OR growth 3% to $148,200 throughout the year.
|Number Of Employees||7,463|
|Median Property Value||$148,200|
The average household income in Hermiston, OR grew from $49,008 to $50,694 in the past year. This data is an estimate based upon 6,181 households in Hermiston, OR . The chart below presents how household income is distributed in Hermiston, OR in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Hermiston, OR shifted from $143,600 to $148,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hermiston, OR in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hermiston, OR properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hermiston, OR compared to median property taxes around the country. The prevalent amount of property taxes in Hermiston, OR equals $2500, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$289,000||+10.5%|
|2 bed for sale||$384,900||+35.4%|
|3 bed for sale||$414,465||+36.6%|
|4+ bed for sale||$365,058||-44.2%|
During Jul 2022, the average price for an apartment in/near Hermiston, OR decreased by 18.9% to $389,478.
Asking price for 2-bed apartment also increased by 35.4% and a place of this size will now cost you $384,900. A 3-bed apartment goes for $414,465, it increased by 36.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 44.2% and made it down to $365,058.
|Listing Type||Jul||vs Last Month|
|Apartments for sale||$289,000||+10.5%|
|Townhouses for sale||$337,331||N/A|
|Houses for sale||$401,521||-3.1%|
|Land for sale||$225,000||-82.2%|
The average cost of an apartment in Hermiston, OR rised by 10.5% to $289,000. Price reports demonstrate that house price decreased by 3.1% this month making it up to $401,521. Value of the townhouses didn’t change, the price still starts at $337,331.