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 630,498 people, 287,030 houses or apartments, and a median cost of homes of $612,693, 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 52.90% of the city's housing units. Other types of housing that are prevalent in Portland include large apartment complexes or high rise apartments ( 32.25%), duplexes, homes converted to apartments or other small apartment buildings ( 8.51%), and a few row houses and other attached homes ( 5.07%).
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 ( 27.11%), 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 ( 26.65%), followed by between 1970-1999 ( 24.24%). There's also some housing in Portland built between 2000 and later ( 22.01%).
Portland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Portland during the period has been just 5.70%, which is lower than 70% of US communities.
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 2.26%, 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 -2.82%.
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 70% 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.
$612,693
for Oregon
for nation
287,030
$2,359 / per month