Portland OR

map preview
Please wait, loading your map...

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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Portland Housing Market Information

With 653,115 people, 264,428 houses or apartments, and a median cost of homes of $464,971, 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 55.00% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 30.08%), duplexes, homes converted to apartments or other small apartment buildings ( 9.41%), and a few row houses and other attached homes ( 4.01%).

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 29.58% of the city's housing hails from this era. Other housing ages represented in Portland include homes built before 1939 ( 29.33%) and housing constructed between 1970-1999 ( 25.73%). There's also some housing in Portland built between 2000 and later ( 15.36%).

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 70.03% over the last ten years, which is an average annual home appreciation rate of 5.45%, 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 2.79%, 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 0.71%, which equates to an annual appreciation rate of 2.86%.

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
> $1,194,000 2.7
$896,001 - $1,194,000 5.9
$597,001 - $896,000 18.4
$478,001 - $597,000 16.4
$358,001 - $478,000 22.5
$239,001 - $358,000 21.9
$120,001 - $239,000 8.8
$60,001 - $120,000 0.9
$0 - $60,000 2.5

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
9.1036496350365 9.66183574879227

Number Of Homes And Apartments:

Portland Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
158.64% 4.74%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,825 / per month

Homeownership Rate

Owners 51.71
Renters 48.29
Vacant 6.28

Housing Market Details


Age of Homes

2000 or Newer 15.4
1970 - 1999 25.7
1940 - 1969 29.6
1939 or Older 29.3

Types of Homes

Single-Family 55.0
Townhomes 4.0
Small Apt. Buildings 9.4
Apt. Complexes 30.1
Mobile Homes 1.3
Other 0.2

Home Size

No Bedroom 7.76
1 Bedroom 16.72
2 Bedrooms 29.96
3 Bedrooms 29.35
4 Bedrooms 12.57
5 or more bedrooms 3.63