Portland appreciation rates and housing market information

Portland housing market information

With 529,025 people, 237,269 houses or apartments, and a median cost of homes of $314,026, Portland real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Portland, accounting for 60.34% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments (26.08%), duplexes, homes converted to apartments, or other small apartment buildings (9.33%), row houses and other attached homes (2.66%), and a few mobile homes or trailers (1.37%).

People in Portland primarily live in small (one, two, or no bedroom) single-family detached homes. Portland has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Portland's housing was primarily built during this period, from the '40s through the '60s. A full 37.95% of the city's housing hails from this era. Other housing ages represented in Portland include homes built between 1939 and earlier (34.04%), and housing constructed from 1970-1994 (21.24%). There's also some housing in Portland built between 1995 and later (6.77%).

Portland home appreciation rates

In the last 10 years, Portland has experienced some of the highest home appreciation rates of any community in the nation. Portland real estate appreciated 133.75% over the last ten years, which is an average annual home appreciation rate of 13.37%, putting Portland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Portland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Portland home appreciation rates, at -0.27%, have been at or slightly above the national average. In the latest quarter, Portland's appreciation rate has been 0.34%, which annualizes to a rate of 1.36%.

Relative to Oregon, our data show that Portland's latest annual appreciation rate is higher than 76% 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 Portland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Portland - 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 Portland real estate investment or home purchase decisions.