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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 641,162 people, 279,797 houses or apartments, and a median cost of homes of $546,106, 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 54.14% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 31.14%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 4.58%).
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 27.76% of the city's housing hails from this era. Other housing ages represented in Portland include homes built before 1939 ( 27.73%) and housing constructed between 1970-1999 ( 25.51%). There's also some housing in Portland built between 2000 and later ( 18.99%).
Appreciation rates for homes in Portland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.10%, which ranks in the top 30% nationwide. This equates to an annual average Portland house appreciation rate of 7.02%.
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 -6.96%, 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 1.68%, which equates to an annual appreciation rate of 6.90%.
Notably, Portland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Oregon, our data show that Portland's latest annual appreciation rate is lower than 80% 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.
$2,547 / per month