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These days, finding an affordable place to live in the Gresham area can be challenging. Home prices in Gresham are now at a median cost of $442,409, lower than the Oregon average of $502,078.
The average cost of rent is $1,701/mo in Gresham, primarily driven by the current value of real estate in the Gresham area. In Gresham, 43.70% of households rent, and 29.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gresham is $7,144 per month. Households that rent pay about 23.80% of their income on rent here. Gresham’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wood Village, OR: less expensive homes
- Fairview, OR: less expensive homes
- Troutdale, OR: equally priced homes
- Damascus, OR: higher priced homes
- Happy Valley, OR: higher priced homes
- Maywood Park, OR: higher priced homes
- Boring, OR: higher priced homes
- Camas, WA: higher priced homes
- Clackamas, OR: higher priced homes
- Cottrell, OR: higher priced homes
Cities with Similar Populations
- Jacksonville, FL: less expensive homes
- Huntsville, AL: less expensive homes
- Hendersonville, TN: equally priced homes
- Hillsboro, OR: higher priced homes
- Huntington Beach, CA: higher priced homes
- Holland, MI: less expensive homes
- Hoover, AL: equally priced homes
- Henderson, NV: higher priced homes
- Hesperia, CA: equally priced homes
- Iowa City, IA: less expensive homes
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