The housing market in 97233 Portland, OR is a great investment opportunity for potential buyers. The median value of homes in this area is $389,600, which is higher than the US median of $338,100. While the US national house appreciation rate is currently 8.27%, the appreciation rate of homes in 97233 has been slower at 2.38%. This could present an attractive option for buyers looking to invest in a stable real estate market with a lower appreciation rate and lower prices than other areas with comparable housing options.
The median home cost in Portland (zip 97233) is $389,600. Home appreciation the last 10 years has been 123.2%. Home Appreciation in Portland (zip 97233) is up 7.7%.
Average Age of Homes
- The median age of Portland (zip 97233) real estate is 44 years old
The Rental Market in Portland (zip 97233)
- Renters make up 51.0% of the Portland (zip 97233) population
- 2.4% of houses and apartments in Portland (zip 97233), 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.