Real estate in Monmouth, Oregon is an investment to think about for two different reasons. On the one hand, you might be looking for a small town in a spectacular setting, a place to settle down and raise a family perhaps. Then again, you might be working in Salem or Albany but want to live in smaller community.

A second investment option is rental property. Monmouth is home to Western Oregon University, which has a student body of 3,500. According to the most recent census data, the total number of residential dwellings in Monmouth is approximately 3,000. Of these, only just over half are rental properties. The median value of real estate in Monmouth, Oregon is approximately $140,000. Actual market prices today for a three-bedroom home run from about $130,000 to $300,000.

It's worthwhile finding a local realtor once you get serious about buying property in the area. Whether you're looking for a home for you and your family, or investment property, odds are good that researching properties is not the only item on your list. Making the best use of a realtor's expertise is the first step to a good investment.

Real Estate in Monmouth, Oregon: The Surrounding Area

Attractions and amenities convenient to real estate in Monmouth, Oregon include all that cities such as the state capital of Salem or Albany have to offer, of course. The Willamette Valley is renowned for its outdoor sports, wineries, and both cultural and historical attractions. Just an hour to the west is Oregon's rugged coastline and dotted with nine lighthouses. Only two hours to the north are Portland, the 11,239 volcanic feet of Mount Hood, and the Columbia River Gorge. An hour southeast is Crater Lake.