Zip 97216 (Portland, OR) Housing

Housing in 97216 Portland, OR is quite expensive compared to the US average. The median value for housing in this area is $398,400, which is substantially higher than the US median value of $338,100. Despite the high cost of living here, house appreciation in this area did not experience as sharp of an increase as the rest of the country with a 1 year appreciation rate only of 2.38%, while the US had an 8.27% increase over that time span.

The median home cost in Portland (zip 97216) is $398,400. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97216) is up 7.7%.

Average Age of Homes

- The median age of Portland (zip 97216) real estate is 53 years old

The Rental Market in Portland (zip 97216)

- Renters make up 52.0% of the Portland (zip 97216) population
- 1.0% of houses and apartments in Portland (zip 97216), 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
	7,230.0	139,647,020.0
	58	42
	$398,400	$338,100
	7.7%	16.6%
	37.3%	57.0%
	123.2%	101.1%
	$10.87	$10.98
	$3,814	$2,690
	54.1%	57.4%
	3.4%	11.2%
	42.5%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	0.3%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.6%	2.4%
	0.0%	2.8%
	0.4%	3.9%
	0.7%	4.5%
	1.0%	11.3%
	6.8%	13.0%
	16.3%	20.1%
	44.9%	13.6%
	20.5%	8.3%
	7.0%	9.7%
	0.0%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	9.5%	13.6%
	9.5%	13.6%
	11.2%	13.6%
	7.1%	13.2%
	8.1%	14.8%
	11.2%	13.6%
	28.6%	10.0%
	9.2%	4.7%
	9.5%	12.2%

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