The housing market in 97217 Portland, OR is quite robust. The median value of houses in this area is $503,300, which is significantly higher than the US median house value of $338,100. However, while the US has seen an 8.27% increase in house appreciation over the past year, this area only saw 2.38%. This suggests that the housing market in 97217 Portland, OR may not be as robust as other regions, but it is still a desirable area with a high median home value.
The median home cost in Portland (zip 97217) is $503,300. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97217) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97217) real estate is 73 years old
The Rental Market in Portland (zip 97217)
- Renters make up 34.0% of the Portland (zip 97217) population
- 1.5% of houses and apartments in Portland (zip 97217), 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.