Housing in 97218 Portland, OR is significantly more expensive than the national average with a median value of $486,100 which is around 44% higher than the US median value of $338,100. Although house appreciation in this area over the past year has been significantly lower than the US average at only 2.38%, compared to 8.27% nationally, it still shows that housing values are increasing in this area. This may be due to its thriving economy and abundance of recreational activities such as hiking and skiing which attracts people from all over the world.
The median home cost in Portland (zip 97218) is $486,100. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97218) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97218) real estate is 60 years old
The Rental Market in Portland (zip 97218)
- Renters make up 38.1% of the Portland (zip 97218) population
- 1.5% of houses and apartments in Portland (zip 97218), 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.