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Hermiston housing market continues to grow
In Oregon, we are still amid a tremendous housing shortage, and MonteVista Homes has been the leader in quality affordable housing in the region throughout the past decade.
Over the past two years, Hermiston has seen hundreds of people and families moving to Hermiston every year due to the fantastic quality of life and job growth.
Growth in Hermiston, Oregon brings job growth in the area because of agriculture, manufacturing, transportation, distribution, and technology. Low energy costs and an abundant water supply make the region perfect for large data centers, bringing many well-paying jobs. We also have seen growth in extended families, with parents and grandparents relocating to a great place closer to their kids and grandkids.
The housing growth in Hermiston is part of some long-term planning for irrigated farmland and other jobs coming to the area. According to Hermiston Assistant City Manager Mark Morgan, In 2017, they made land available for development. The pandemic and the federal reserve’s dropping interest rates made single-family housing more affordable. It allowed the local market to take advantage and qualified builders to start building more housing quickly.
“As every city in Oregon deals with housing shortages, we’re happy to be seeing some really strong returns on our purposeful and long-term commitment to increasing a full mixture of housing options,” said Mark Morgan, assistant city manager.
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