Oregon Home Prices Increase 6.4 Percent

by Amanda Peacher OPB | May 27, 2015 10:01 a.m. | Updated: May 27, 2015 11:07 a.m.

House prices rose 6.4 percent in Oregon in the past year, according to a federal index released Tuesday.

The quarterly report shows that Bend-Redmond and Medford had Oregon’s sharpest increase in prices in the past year. In both of those metro areas, the median house price rose about 9 percent.

Home prices in the Portland-Vancouver metro area increased by 8.5 percent in the past 12 months.

Oregon ranks 10th in the nation among states for appreciation in house prices, according to the federal report.