Metropolitan Statistical Area (MSA):
Hood River, OR is a Metropolitan Statistical Area (MSA) comprising counties including Hood River County.
There is no doubt that the Hood River, OR metropolitan statistical area (MSA) is one of the most desirable places to live in the Pacific Northwest. The combination of its natural beauty, proximity to major urban centers, and thriving economy make it a perfect place to call home.
However, like all markets, the Hood River real estate market is constantly changing. In order to make sure that you are getting the best possible deal on your next home purchase or sale, it is important to stay up-to-date on the latest trends.
Here are some of the most important things to keep an eye on in the Hood River real estate market:
1) Prices are on the rise – According to Zillow, median home values in Hood River have increased by nearly 8% over the past year. This trend is expected to continue as demand for housing in the area continues to outpace supply. If you are thinking about buying a home in Hood River, now is a good time to do so before prices continue to increase.
2) More people are moving here – The population of Hood River County has been growing steadily for years and this trend shows no signs of slowing down. This population growth is being driven by people moving here from other parts of Oregon and Washington as well as from California. As more people move into the area, demand for housing will continue to increase which will put even more upward pressure on prices.
3) New construction is picking up – In response to rising prices and increased demand for housing, new construction activity has picked up in recent years. This is good news for buyers who want more choices when it comes to finding a new home but it also means that competition for these homes can be fierce. If you are looking for a brand new home in Hood River, be prepared to act fast and pay slightly above list price if necessary.