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.