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These days, finding an affordable place to live in the Portland area can be challenging. Home prices in Portland are now at a median cost of $357,886, lower than the Colorado average of $579,698.
The average cost of rent is $1,008/mo in Portland, primarily driven by the current value of real estate in the Portland area. In Portland, 12.25% of households rent, and 35.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Portland is $8,291 per month. Households that rent pay about 12.16% of their income on rent here. Portland’s most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Penrose, CO: equally priced homes
- Florence, CO: less expensive homes
- Williamsburg, CO: less expensive homes
- Rockvale, CO: less expensive homes
- Swallows, CO: higher priced homes
- Brookside, CO: less expensive homes
- Lincoln Park, CO: less expensive homes
- Canon City, CO: equally priced homes
- Pueblo West, CO: higher priced homes
- Prospect Heights, CO: higher priced homes
Cities with Similar Populations
- West Hartland, CT: equally priced homes
- Denali National Park, AK: less expensive homes
- Denbigh, ND: less expensive homes
- Wales, MN: less expensive homes
- Wallis Run, PA: less expensive homes
- Washburn, NC: less expensive homes
- Washoe, MT: higher priced homes
- Wattsville, OH: less expensive homes
- Wawina, MN: less expensive homes
- Wehadkee, AL: less expensive homes
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