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
With 629,821 people, 254,167 houses or apartments, and a median cost of homes of $420,692, 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 56.04% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 28.29%), duplexes, homes converted to apartments or other small apartment buildings ( 10.03%), and a few row houses and other attached homes ( 3.98%).
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 ( 31.02%), 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 ( 30.69%), followed by between 1970-1999 ( 25.44%). There's also some housing in Portland built between 2000 and later ( 12.85%).
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 31.39% over the last ten years, which is an average annual home appreciation rate of 2.77%, 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.
Appreciation rates are so strong in Portland that despite a nationwide downturn in the housing market, Portland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Portland appreciation rates continue to be some of the highest in America, at 12.53%, which is higher than appreciation rates in 98.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Portland. Portland appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.
Importantly, this makes Portland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Oregon, our data show that Portland's latest annual appreciation rate is higher 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.
|$1,074,001 - $1,431,000||3.0|
|$716,001 - $1,074,000||10.2|
|$573,001 - $716,000||10.6|
|$429,001 - $573,000||20.2|
|$286,001 - $429,000||29.7|
|$143,001 - $286,000||19.9|
|$72,001 - $143,000||1.4|
|$0 - $72,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Portland HOMES|
|2000 or Newer||12.9|
|1970 - 1999||25.4|
|1940 - 1969||30.7|
|1939 or Older||31.0|
|TYPE OF Portland HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Portland HOMES|
|5 or more bedrooms||3.42|