Housing in Portland, OR

Portland, OR is known for its attractive housing market. The median home value in the city is $537,200, which is significantly higher than the national median of $338,100. Despite a recent slowdown in appreciation rates nationally, Portland has maintained an increase of 2.39% over the past year which is much lower than the 8.27% national average. This slower growth rate has made it easier for buyers to find affordable homes as prices have remained relatively level. Despite this, Portland still remains a desirable and competitive market that offers potential buyers beautiful and unique housing options in a thriving metro area.

The median home cost in Portland is $537,200. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland is up 7.7%.

Average Age of Homes

- The median age of Portland real estate is 58 years old

The Rental Market in Portland

- Renters make up 44.5% of the Portland population
- 2.0% of houses and apartments in Portland, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

HOUSING BY YEAR BUILT

HOUSING	Portland, Oregon	United States
	296,479	139,647,020
	57	42
	$537,200	$338,100
	7.7%	16.6%
	37.3%	57.0%
	123.2%	101.1%
	$10.10	$10.98
	$4,676	$2,690
	50.4%	57.4%
	5.6%	11.2%
	44.0%	31.4%
VACANT HOUSING
	2.0%	1.9%
	0.3%	0.4%
	0.5%	0.7%
	0.3%	0.4%
	0.8%	3.6%
	1.7%	4.1%
VALUE OF OWNER-OCCUPIED HOUSING
	0.9%	2.6%
	0.5%	2.4%
	0.5%	2.8%
	0.5%	3.9%
	0.2%	4.5%
	0.6%	11.3%
	2.2%	13.0%
	9.9%	20.1%
	21.8%	13.6%
	20.5%	8.3%
	28.9%	9.7%
	9.5%	3.9%
	2.8%	2.2%
	0.7%	0.8%
	0.5%	1.1%
HOUSING UNITS BY YEAR STRUCTURE BUILT
	0.2%	0.2%
	9.9%	13.6%
	9.9%	13.6%
	7.9%	13.6%
	6.8%	13.2%
	10.8%	14.8%
	7.9%	13.6%
	11.4%	10.0%
	7.8%	4.7%
	27.7%	12.2%

HOUSING MAP

Average Rent (3br)

Percent Home Appreciation (5yr)

Property Tax (%)

Median Home Cost

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Reviews for Portland 386 Reviews

There is no One way to see any large city - 3/20/2023
I lived in Portland for 19 years (I've also lived in Boise, ID, the Bay Area, Austin, TX and now Nampa, ID). It drives me nuts when people try to give a large city a... Read More

Amy | Austin, TX | Reply | 2 Replies

Start Your Review of Portland

Great Place, Too Many Cars. - 11/8/2022
One of the best cities in America. Food scene is the best in the world. Weather is preferable over places where you have the same weather year round. I enjoy the... Read More

Shane | West Haven-Sylvan, OR | Reply | No Replies

Houston Transplant, 2022 Portland Review - 10/10/2022
I moved from Houston to Portland about a year ago. I remember reading the reviews on here and it making me second guess moving before I did, so I wanted to come back and... Read More

Josh | Houston, TX | Reply | 4 Replies

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ZIP CODES IN PORTLAND, OR

97206, 97202, 97233, 97219, 97236, 97230, 97211, 97266, 97217, 97203, ... 28 more

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United States / Oregon / Portland-Vancouver-Hillsboro Metro Area / Multnomah County / Portland / Zip Codes