97232 Portland, OR is home to a housing market that has seen steady growth in recent years. The median value for homes in 97232 is $658,200, much higher than the US house median value of $338,100. This is likely due to the rapid population growth and rise in demand for housing in the area. The area experienced a 1 year appreciation of 2.38%, much lower than the US average of 8.27%, indicating that 97232's housing market may be cooling off from its recent surge in growth. Despite this slight drop off, the overall trend for 97232 is still positive and the potential for future gains still remains strong.
The median home cost in Portland (zip 97232) is $658,200. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97232) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97232) real estate is 74 years old
The Rental Market in Portland (zip 97232)
- Renters make up 62.6% of the Portland (zip 97232) population
- 2.9% of houses and apartments in Portland (zip 97232), 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.