Gervais October First-Time Homebuyer Report

Gervais is much older than the rest of Oregon, with a median age of 26. It's affluent as well, with a median income of $50,979 per household. The Gervais market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Topping the list of best schools in the city is Clear Lake Elementary School.

Price Range

The median value of homes in Gervais is $116,500, making it one of the lower priced areas in Oregon. At the same time, the average list price of available homes is presently $175,273. The Gervais market looked solid in this week's report, as the number of home sales rose 100.0%, pushing the total to two homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Gervais:

$215K  

Typical Dwelling

A four-bedroom detached home valued around $200,980 is considered a typical dwelling in Gervais. If a buyer was looking for a similar home, they would need good credit and a $40,196 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,188 and the property tax rate is $12.22 per $1,000 of taxable assessed value.

Get started right now by checking out Gervais homes for sale or reviewing Gervais real estate trends.


Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
John L Scott
Snapped 1 home in this area
Century21 Wright & Associates
Snapped 1 home in this area

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