Affordable
Expensive
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These days, finding an affordable place to live in the Gresham-Southwest area can be challenging. Home prices in Gresham-Southwest are now at a median cost of $489,554, higher than the Gresham average of $442,409.
The average cost of rent is $2,137/mo in Gresham-Southwest, primarily driven by the current value of real estate in the Gresham-Southwest area. In Gresham-Southwest, 31.99% of households rent, and 29.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gresham-Southwest is $8,458 per month. Households that rent pay about 25.27% of their income on rent here. Gresham-Southwest’s most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Gresham-Gresham Butte, Gresham, OR: equally priced homes
- Gresham-Northwest, Gresham, OR: equally priced homes
- Gresham-City Central, Gresham, OR: less expensive homes
- Centennial, Portland, OR: less expensive homes
- Pleasant Valley, Portland, OR: equally priced homes
- Gresham-Rockwood, Gresham, OR: less expensive homes
- Gresham-North Central, Gresham, OR: less expensive homes
- Gresham-Mt. Hood, Gresham, OR: less expensive homes
- Gresham-Northeast, Gresham, OR: less expensive homes
- Gresham-Kelly Creek, Gresham, OR: equally priced homes
Neighborhoods with Similar Populations
- Allendale-Lakeside, Shreveport, LA: less expensive homes
- Burlingame Gate, Burlingame, CA: higher priced homes
- Biedeman, Camden, NJ: less expensive homes
- Berger, Dolton, IL: less expensive homes
- Belle Haven, Menlo Park, CA: higher priced homes
- Baden, St. Louis, MO: less expensive homes
- Armatage, Minneapolis, MN: equally priced homes
- Atlantic City Inlet, Atlantic City, NJ: less expensive homes
- Ardmore, Winston-Salem, NC: less expensive homes
- Northwest Arvada, Arvada, CO: higher priced homes
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