The housing market in Portland, OR 97209 is seeing a much lower appreciation rate than the US average. The median value of homes in this area is currently $538,400 and has only seen an appreciation of 2.38% over the past year compared to the national average of 8.27%. Despite the lower rate of appreciation, this area is still considered to be a hot spot for those looking to invest in real estate as home values remain relatively high.
The median home cost in Portland (zip 97209) is $538,400. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97209) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97209) real estate is 20 years old
The Rental Market in Portland (zip 97209)
- Renters make up 66.0% of the Portland (zip 97209) population
- 4.5% of houses and apartments in Portland (zip 97209), 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.