Milwaukie, known as the "City of Dogwoods," is a quaint, small town located along the picturesque banks of the Willamette River. Home to approximately 22,000 residents, this community sits between Oregon City and Portland on highways 99E and 224 in beautiful northern Clackamas County.
Quality of life is a major consideration for residents and Milwaukie has been recognized as one of the 50 best places to raise a family as it provides a clean environment, a strong business center, excellent schools, and health care. The city's tree-lined streets and rich mix of home styles and sizes provide residents with a wide variety of housing choices. Real estate options here include single-family homes, condominiums, townhouses as well as land lots for custom building. (more)
Just a short drive to the east is the Mt. Hood National Forest which has a year-round ski area. To the west are the majestic Oregon coast and the Pacific Ocean. The community comes together several times a year to celebrate the city's heritage. The Milwaukie Festival Daze in June is an annual celebration hosted by the city that offers lots of family fun, food and arts and crafts. During this fair, several events revolve around the Bing cherry, which was first discovered in the area. The Historic Milwaukie community group also sponsors and organizes concerts in Scott Park throughout the summer. One of the local landmarks is the Bomber Restaurant that features an authentic World War II B17 Flying Fortress that has been carefully restored.
Milwaukie Real Estate Market: Price Range of Milwaukie Houses for Sale
The real estate market of Milwaukie is diverse. Many of the town's neighborhoods such as Riverdale, Riverwood and Elk Rock are located right along the riverfront. Prices for homes in Milwaukie can be found starting under $100,000 to as high as $1 million for large estate properties on spacious wooded lots. Many Milwaukee homes feature scenic water views and/or river frontage and a few of them boast substantial acreage. Older model homes are priced from just over $150,000 to $300,000. Milwaukie's condominiums and townhouses can be found in neighborhoods such as Northridge, Riverfront and Redwood Lake. These properties range in price from the low $100,000s to the high $200,000s. Land is also available for custom-built properties.
Milwaukie, Oregon Average Home Sizes and Asking Prices
Asking Price in 97222 - 3 Bedroom Single Family Homes
Milwaukie Real Estate Stats and Trends for the week of January 23rd, 2020: homes priced around $424,559 compared to $421,294 the previous week, for a slight increase of less than +1%. For Thursday, January 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.