Zip 97231 (Portland, OR) Housing

The housing median value in 97231 Portland, OR is $708,700. Compared to the US house median value of $338,100, this is significantly higher. In the past year, the US house appreciation rate was 8.27%, however in 97231 Portland, OR it was only 2.38%. This suggests that although the median value is much higher than the national average in 97231 Portland, prices are not increasing as rapidly or consistently as they are on a nationwide level.

The median home cost in Portland (zip 97231) is $708,700. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97231) is up 7.7%.

Average Age of Homes

- The median age of Portland (zip 97231) real estate is 40 years old

The Rental Market in Portland (zip 97231)

- Renters make up 13.4% of the Portland (zip 97231) population
- 1.5% of houses and apartments in Portland (zip 97231), 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
	1,721.0	139,647,020.0
	42	42
	$708,700	$338,100
	7.7%	16.6%
	37.3%	57.0%
	123.2%	101.1%
	$9.72	$10.98
	$7,045	$2,690
	76.1%	57.4%
	8.9%	11.2%
	14.9%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	1.7%	0.7%
	0.0%	0.4%
	2.6%	3.6%
	3.1%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	1.1%	2.4%
	0.8%	2.8%
	0.0%	3.9%
	0.0%	4.5%
	0.0%	11.3%
	1.1%	13.0%
	5.0%	20.1%
	10.4%	13.6%
	9.6%	8.3%
	24.5%	9.7%
	24.8%	3.9%
	18.0%	2.2%
	0.8%	0.8%
	4.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.2%	13.6%
	14.2%	13.6%
	20.5%	13.6%
	11.0%	13.2%
	11.9%	14.8%
	20.5%	13.6%
	11.6%	10.0%
	5.8%	4.7%
	19.4%	12.2%

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