Housing costs in Portland?
A typical home costs
$522,600, which is 54.6% more expensive than the national average of
$338,100 and 11.6% more expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Portland costs
$1,840 per month, which is 21.1% more than the national average of
$1,520 and close to the state average of
$1,840.
Can I afford Portland?
To live comfortably in Portland (zip 97208), Oregon, a minimum annual income of
$100,080 for a family, and
$64,400 for a single person is recommended.
What does A.I. say about Portland?
The cost of living in 97208 Portland, OR is relatively high compared to other parts of the United States. According to Zillow, the median home value in the area is around $470,000, which is higher than the national average. Additionally, goods and services are also more expensive than many other locations around the country. For example, housing costs are around 53% higher than the national average with transportation costs being nearly double what one might expect in other parts of the country. While this may be a deterrent for some people, 97208 has much to offer its residents such as access to quality education and plenty of entertainment options.