Home Price Key
Affordable
Average
Expensive
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 $436,940, higher than the Oregon average of $365,363.
The average cost of rent is $1,538/mo in Portland, primarily driven by the current value of real estate in the Portland area. While nearly 30.23% of residents own their homes outright in Portland, 33.49% rent.
Housing affordability isn’t just about home prices, though. The average household income in Portland is $7,641 per month. Households that rent pay about 20.12% of their income on rent here. Portland's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Maywood Park, OR: equally priced homes
- Milwaukie, OR: less expensive homes
- Oak Grove, OR: less expensive homes
- Happy Valley, OR: higher priced homes
- Oatfield, OR: equally priced homes
- Lake Oswego, OR: higher priced homes
- Cedar Mill, OR: higher priced homes
- Johnson City, OR: less expensive homes
- Clackamas, OR: equally priced homes
- Gladstone, OR: less expensive homes
Cities with Similar Populations
- St. George, UT: less expensive homes
- St. Cloud, FL: less expensive homes
- St. Cloud, MN: less expensive homes
- Spartanburg, SC: less expensive homes
- Stone Mountain, GA: less expensive homes
- Surprise, AZ: less expensive homes
- South Bend, IN: less expensive homes
- Staten Island, NY: higher priced homes
- Sparks, NV: less expensive homes
- Springdale, AR: less expensive homes
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