Portland OR

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Portland, OR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Portland Housing Market Information

With a population of 653,115, 260,949 total housing units (homes and apartments), and a median house value of $451,428, Portland house prices are not only among the most expensive in Oregon, Portland real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Portland, accounting for 55.75% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 29.01%), duplexes, homes converted to apartments or other small apartment buildings ( 9.62%), and a few row houses and other attached homes ( 4.02%).

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.

The housing in Portland was primarily built before 1939 ( 30.27%), making the housing stock in Portland some of the oldest overall in America, although there is a range of ages of homes in Portland. The next most important housing age is between 1940-1969 ( 29.73%), followed by between 1970-1999 ( 25.82%). There's also some housing in Portland built between 2000 and later ( 14.17%).

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 60.58% over the last ten years, which is an average annual home appreciation rate of 4.85%, 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.

Over the last year, Portland appreciation rates have trailed the rest of the nation. In the last twelve months, Portland's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Portland were at 1.88%, which equates to an annual appreciation rate of 7.75%.

Relative to Oregon, our data show that Portland's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Portland real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,279,000 2.4
$959,001 - $1,279,000 4.8
$640,001 - $959,000 15.1
$512,001 - $640,000 14.5
$384,001 - $512,000 21.8
$256,001 - $384,000 24.9
$128,001 - $256,000 12.4
$64,001 - $128,000 1.1
$0 - $64,000 3.0

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
9.26131386861314 10.6280193236715

Number Of Homes And Apartments:

Portland Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
153.52% 4.82%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,658 / per month

Homeownership Rate

Owners 52.05
Renters 47.95
Vacant 5.96

Housing Market Details


Age of Homes

2000 or Newer 14.2
1970 - 1999 25.8
1940 - 1969 29.7
1939 or Older 30.3

Types of Homes

Single-Family 55.7
Townhomes 4.0
Small Apt. Buildings 9.6
Apt. Complexes 29.0
Mobile Homes 1.4
Other 0.2

Home Size

No Bedroom 7.16
1 Bedroom 16.57
2 Bedrooms 30.47
3 Bedrooms 29.59
4 Bedrooms 12.51
5 or more bedrooms 3.70