The housing market in Portland, OR 97203 is one of the more expensive markets in the US. The median value of a house in the area is $431,400, which is significantly higher than the US median value of $338,100. While there has been an overall 8.27% increase in house appreciation throughout the country over the past year, Portland saw only a 2.38% appreciation rate during that same period. This indicates that while the area’s housing market remains relatively stable and attractive to potential homeowners, it has not seen as large of an increase in price as other areas around the country have experienced.
The median home cost in Portland (zip 97203) is $431,400. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97203) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97203) real estate is 57 years old
The Rental Market in Portland (zip 97203)
- Renters make up 46.2% of the Portland (zip 97203) population
- 0.6% of houses and apartments in Portland (zip 97203), 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.