The Most Affordable Neighborhoods in Gresham-Gresham Butte, Gresham, OR by Home Value

 

Gresham-Gresham Butte, Gresham, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gresham-Gresham Butte area can be challenging. Home prices in Gresham-Gresham Butte are now at a median cost of $532,514, higher than the Gresham average of $442,409.

The average cost of rent is $1,391/mo in Gresham-Gresham Butte, primarily driven by the current value of real estate in the Gresham-Gresham Butte area. In Gresham-Gresham Butte, 16.50% of households rent, and 29.21% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gresham-Gresham Butte is $10,187 per month. Households that rent pay about 13.65% of their income on rent here. Gresham-Gresham Butte’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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