The story of this market
The typical home in Portland, Oregon sells for about $518,000, or $312 per square foot.
Prices are down 2.2% from a year ago, which gives buyers more room to negotiate. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,750 a month.
Monthly price momentum
Home values since 2015
+0.3%
OR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Portland, Oregon
The Portland housing market is currently experiencing a slight seller's advantage, though price growth has moderated compared to previous years. High inventory levels and rising interest rates are contributing to a more balanced market, with buyers exercising more caution in their purchasing decisions.
No ARED county foreclosure postings attributed to Portland yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price diverges 19.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Deterministic aggregate of 26 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 5.8% year over year.
Homes spend a median of 47 days on market with 0.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 53.45% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 11.5% — a stable, low-distress profile.
- Hopscotch Portland4.81.1 mi
- Oaks Amusement Park4.43.1 mi
- Langer's Entertainment Center4.413 mi
- Bullwinkle's4.414.8 mi
- Sky Zone Trampoline Park3.86.2 mi
- Moda Center4.51.3 mi
- Providence Park4.60.8 mi
- Oregon Convention Center4.51.2 mi
- Revolution Hall4.61.3 mi
- Portland Art Museum4.60.2 mi
- Powell's City of Books4.90.6 mi
- Oregon Zoo4.51.8 mi
- Portland Japanese Garden4.61.5 mi
- The Grotto4.75.7 mi
- Providence Park4.60.8 mi
- Portland Japanese Garden4.61.5 mi
- OMSI4.50.8 mi
- The Grotto4.75.7 mi
- Vista House at Crown Point4.821.1 mi
- Hopscotch Portland4.81.1 mi
- Portland Japanese Garden4.61.5 mi
- The Grotto4.75.7 mi
- International Rose Test Garden4.81.3 mi
- Laurelhurst Park4.72.5 mi
- Mt. Tabor Park4.84 mi
- Portland Yacht Club4.76.1 mi
- Riverplace Marina4.60.5 mi
- Fred's Marina4.49.4 mi
- Tomahawk Bay Marina4.36.3 mi
- Tidewater Cove Marina4.57.4 mi
- Topgolf Hillsboro4.512.3 mi
- RedTail Golf Center46.1 mi
- Heron Lakes Golf Course4.16.3 mi
- Glendoveer Golf & Tennis4.47.8 mi
- Eastmoreland Golf Course4.33.4 mi
- Washington Square4.46.7 mi
- Clackamas Town Center4.37.5 mi
- Vancouver Mall4.210.8 mi
- Uwajimaya Beaverton4.75.5 mi
- Bridgeport Village4.49 mi
- Portland International Airport4.56.4 mi
- Providence Saint Vincent Hospital Heliport4.64.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
One of the largest urban forests in the United States, offering extensive hiking and biking trails that serve as a major recreational anchor for the city.
Home to the Oregon Zoo, Portland Japanese Garden, and International Rose Test Garden, this park is a premier destination for residents and tourists alike.
A world-renowned independent bookstore that serves as a cultural landmark and major tourist attraction in the Pearl District.
A central green space along the Willamette River that hosts major city festivals and provides essential public access to the waterfront.
Portland attracts a diverse mix of residents, including young professionals drawn to the urban core, families seeking established neighborhoods with high walkability, and investors monitoring the evolving multifamily landscape.
The city is served by multiple school districts, with Portland Public Schools being the largest; performance varies significantly by neighborhood and specific campus.
The city is served by the MAX Light Rail system and an extensive bus network, facilitating transit-oriented development and connectivity across the metro area.
Portland offers an extensive park system including Washington Park and Forest Park, alongside a vibrant cultural scene featuring the Portland Art Museum and numerous historic shopping districts.
The rental market has seen a shift in demand with vacancy rates fluctuating; new multifamily completions have slowed, which may impact future supply and rent trajectories.
Portland's economy is driven by a diverse mix of industries including athletic apparel, high-tech manufacturing, and healthcare, with major employers like Nike and Intel nearby.
Portland's economy is anchored by a mix of athletic apparel, technology, and manufacturing, with ongoing infrastructure investments in transit and urban infill projects.
The city is actively pursuing urban infill strategies and transit-oriented development along major corridors like Division Street to accommodate population growth.
Parcels in Portland are subject to various special districts including school, fire, and water districts, which are reflected in the annual property tax statement.
Portland has experienced elevated property crime rates compared to national averages, with recent municipal efforts focused on public safety and downtown revitalization. Trends remain a primary concern for residents and local policymakers.
The region faces risks from wildfire smoke during summer months and potential seismic activity, leading to a focus on resilient building codes and comprehensive insurance coverage.
Property insurance premiums in the region are influenced by wildfire and seismic risk assessments, with market health remaining stable but sensitive to climate-related events.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov; figures represent city-level estimates.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.