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Oregon Home Prices Increase 6.4 Percent

A home for sale in Northeast Portland's Sabin neighborhood.
Katelyn Black
A home for sale in Northeast Portland's Sabin neighborhood.

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.

Copyright 2015 Oregon Public Broadcasting

Amanda Peacher