Zip 97227 (Portland, OR) Housing

Housing in 97227 Portland, OR is more expensive than the US median value, with a median housing value of $562,200. However, house appreciation has been slower in Portland than the national average over the past year, at only 2.38%. Although the cost of housing remains high in 97227 Portland, OR, homeowners can take solace in knowing that their property values have not appreciated as quickly as other parts of the US.

The median home cost in Portland (zip 97227) is $562,200. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97227) is up 7.7%.

Average Age of Homes

- The median age of Portland (zip 97227) real estate is 75 years old

The Rental Market in Portland (zip 97227)

- Renters make up 61.9% of the Portland (zip 97227) population
- 1.0% of houses and apartments in Portland (zip 97227), 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
	3,437.0	139,647,020.0
	51	42
	$562,200	$338,100
	7.7%	16.6%
	37.3%	57.0%
	123.2%	101.1%
	$10.11	$10.98
	$3,106	$2,690
	23.7%	57.4%
	5.2%	11.2%
	71.1%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.0%	0.4%
	1.2%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	3.2%	2.6%
	0.0%	2.4%
	0.0%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	0.0%	13.0%
	21.5%	20.1%
	5.2%	13.6%
	12.3%	8.3%
	48.0%	9.7%
	9.8%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	9.0%	13.6%
	9.0%	13.6%
	5.4%	13.6%
	1.8%	13.2%
	2.6%	14.8%
	5.4%	13.6%
	2.1%	10.0%
	3.6%	4.7%
	42.3%	12.2%

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