Zip 97220 (Portland, OR) Housing

The housing market in 97220 Portland, OR is significantly higher than the US median value of $338,100. The median house value in 97220 Portland is an impressive $402,800. Although the US has seen a 1 year house appreciation rate of 8.27%, the appreciation rate in 97220 Portland was much lower at 2.38%. This indicates that the real estate market in this part of Oregon is much more stable and mature than other areas around the country. Despite this slower growth, it remains an attractive investment for those looking to purchase a home due to its higher median value and relative stability.

The median home cost in Portland (zip 97220) is $402,800. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97220) is up 7.7%.

Average Age of Homes

- The median age of Portland (zip 97220) real estate is 59 years old

The Rental Market in Portland (zip 97220)

- Renters make up 43.8% of the Portland (zip 97220) population
- 1.7% of houses and apartments in Portland (zip 97220), 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
	12,183.0	139,647,020.0
	62	42
	$402,800	$338,100
	7.7%	16.6%
	37.3%	57.0%
	123.2%	101.1%
	$10.07	$10.98
	$3,654	$2,690
	53.3%	57.4%
	5.4%	11.2%
	41.3%	31.4%
Vacant Housing
	1.7%	1.9%
	0.5%	0.4%
	0.1%	0.7%
	0.2%	0.4%
	0.7%	3.6%
	2.3%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.3%	2.4%
	0.5%	2.8%
	0.0%	3.9%
	0.2%	4.5%
	1.7%	11.3%
	3.5%	13.0%
	13.8%	20.1%
	46.6%	13.6%
	24.6%	8.3%
	6.9%	9.7%
	0.5%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	12.4%	13.6%
	4.4%	13.2%
	13.3%	14.8%
	12.4%	13.6%
	24.3%	10.0%
	17.3%	4.7%
	11.0%	12.2%