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Expensive
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These days, finding an affordable place to live in the Multnomah County area can be challenging. Home prices in Multnomah County are now at a median cost of $570,957, higher than the Oregon average of $502,078.
The average cost of rent is $1,755/mo in Multnomah County, primarily driven by the current value of real estate in the Multnomah County area. In Multnomah County, 46.63% of households rent, and 29.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Multnomah County is $8,226 per month. Households that rent pay about 21.33% of their income on rent here. Multnomah County’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Clark County, WA: equally priced homes
- Washington County, OR: equally priced homes
- Skamania County, WA: equally priced homes
- Hood River County, OR: higher priced homes
- Tillamook County, OR: less expensive homes
- Wasco County, OR: less expensive homes
- Sherman County, OR: less expensive homes
- Gilliam County, OR: less expensive homes
- Wallowa County, OR: less expensive homes
- Madison County, MT: less expensive homes
Counties with Similar Populations
- Kern County, CA: less expensive homes
- Polk County, FL: less expensive homes
- Lee County, FL: less expensive homes
- Macomb County, MI: less expensive homes
- Middlesex County, NJ: less expensive homes
- Monroe County, NY: less expensive homes
- Montgomery County, PA: less expensive homes
- New Haven County, CT: less expensive homes
- Norfolk County, MA: higher priced homes
- Worcester County, MA: less expensive homes
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