Gresham appreciation rates and housing market information

Gresham housing market information

With 90,158 people, 35,306 houses or apartments, and a median cost of homes of $316,283, real estate costs in Gresham are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Oregon communities.

single-family detached homes are the single most common housing type in Gresham, accounting for 51.68% of the city's housing units. Other types of housing that are prevalent in Gresham include large apartment complexes or high rise apartments (29.41%), duplexes, homes converted to apartments, or other small apartment buildings (10.28%), row houses and other attached homes (4.85%), and a few mobile homes or trailers (3.55%).

The most prevalent building size and type in Gresham are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 51.59% owning, and 42.72% renting.

There is a lot of housing in Gresham built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gresham built from 1940-1969 (23.17%). A lesser amount of the housing stock also hails from 1995 and later (14.91%), and some were built from 1939 and earlier (14.91%).

Gresham home appreciation rates

Appreciation rates for homes in Gresham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.03%, which ranks in the top 30% nationwide. This equates to an annual average Gresham house appreciation rate of 9.50%.

Over the last year, Gresham appreciation rates have trailed the rest of the nation. In the last twelve months, Gresham's appreciation rate has been -4.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gresham were at -0.62%, which equates to an annual appreciation rate of -2.48%.

Notably, Gresham's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oregon, our data show that Gresham's latest annual appreciation rate is higher than 35% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gresham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gresham - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Gresham real estate investment or home purchase decisions.