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 111,621 people, 42,243 houses or apartments, and a median cost of homes of $480,810, Gresham real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Gresham, accounting for 52.00% of the city's housing units. Other types of housing that are prevalent in Gresham include large apartment complexes or high rise apartments ( 30.13%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few row houses and other attached homes ( 5.87%).
The most prevalent building size and type in Gresham are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.35% owning and 45.65% renting.
There is a lot of housing in Gresham built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gresham built between 1940-1969 ( 18.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.00%). There's also some housing in Gresham built before 1939 ( 2.90%).
Appreciation rates for homes in Gresham have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.48%, which ranks in the top 30% nationwide. This equates to an annual average Gresham house appreciation rate of 7.57%.
Over the last year, Gresham appreciation rates have trailed the rest of the nation. In the last twelve months, Gresham's appreciation rate has been -1.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gresham were at 2.13%, which equates to an annual appreciation rate of 8.81%.
Relative to Oregon, our data show that Gresham'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 Gresham differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gresham - 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 Gresham real estate investment or home purchase decisions.
$480,810
for Oregon
for nation
42,243
$2,312 / per month