The housing market in 97221 Portland, OR is slightly different from the national median. According to the data, the median value of a home in 97221 Portland, OR is $734,500 while the national median value is $338,100. Additionally, while the US house appreciation rate over a one year period was 8.27%, the same appreciation rate for 97221 Portland, OR was only 2.38%. This demonstrates that although property values in 97221 Portland, OR are significantly higher than average, they have not been appreciating at the same rate as in other areas across the country.
The median home cost in Portland (zip 97221) is $734,500. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97221) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97221) real estate is 47 years old
The Rental Market in Portland (zip 97221)
- Renters make up 25.2% of the Portland (zip 97221) population
- 1.1% of houses and apartments in Portland (zip 97221), 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.