Look at city-data.com It shows ( maybe a couple years old) data for all kinds of things. Crime, house prices, incomes and a lot more. If you look there you can see how incomes and house prices line up. If house prices are more than 3, some would say 4 times average income they still need to come down.

Jenn Lewis... wondering how you came up with the 3% appreciation number, since everything I have seen and read has been a significant depreciation? Just curious...

Thanks

Hi Shawn,

I am a Realtor living in Newport and working in Yachats Or., So, I cover a good portion of Lincoln County.

As most of the country we have also been affected by the slowdown in the Real Estate and Finance industries. Our market has seen a depreciation of about 20% over the last year. Prices have fallen.
As a buyer, now is a great time to purchase property at the beach.

Here is a link that may give you some insite, just copy to your address bar.

http://realestate.yahoo.com/Oregon/Newport/neighborhoods;_yl…

If you would like more specific information, please contact me for a free market analysis and search other community information on my website.

Su Shelton,
Coldwell Banker Millers
800-626-8439 x 14
susan@sushelton.om

Hi Shawn,
Jenn Lewis here from Prudentia Real Estate.
Here are the details on Newport, Or in Lincoln County.
Average Income: $36,673 (as of Oct, 2007) and Lincoln County as a whole is ranked 8th in the state out of 36 total counties.
Average home price: $412k
Home appreciarion over the past year: just a little over 3%
# of Households in Newport: approx.4,000

FYI.. I am a buyer's agent which means I specialize in helping buyer's find their perfect property so I'd be happy to help. You can email or call me to let me know what you are looking for and I'll keep an eye out.
541-654-1333

Warmly,
JL

Hi Shawn,

You can find that information right here on the Trulia Website. Go to Real Estate Guides, pick the city (or general area) and state you are looking for, you will get some good statistical info, such as avg. home price, avg. price per square foot, schools, price trends and average family home.

Good luck!
Sandy Shores

Hmmmmmmmmm....

That will take some work.
Newport is a very low income area until you throw in the weekenders and than is goes up. I am not a Newport officianado other than I go there.

I am sure somebody can get that factor. What is it that this detail is going to help you assess? Are you looking to move into an influential area? Or is it that you want to buy in an area where incomes are high and homes low? Whatever numbers you get for the Oregon Coast will likely be deceptive. The entire Coast is a tourist area and the base economy is fishing and Timber. Tourism is the #1 Industry. This is a real story of the haves and the have nots.

Pretty depressed Real estate market as well.

I think you will get a better bit of info if you ask clearly what it is that you need to know.

Regards;

Dirk