Milwaukie, OR housing market
Typical home value
$509K
▲ 1.0% 1 yr
Typical rent
$1,809/mo
▲ 1.9% 1 yr
Gross rent yield
4.3%
U.S. 6.3%
5-year home value change
+6%
U.S. +20%
Key takeaways
- 1The typical home in Milwaukie is worth $509,363, up 1.0% over the past year and up 6% over five years.
- 2Typical rent is $1,809 a month (+1.9% YoY), a gross rent yield of 4.3% (above the Portland, OR metro's 4.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,799/mo, $990 more than typical rent.
- 4Zillow forecasts the Portland, OR metro's home values to change −0.1% over the next 12 months.
Market temperature (Portland, OR metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 33/100, #388 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Milwaukie compares
| Measure | Milwaukie | Portland, OR metro | United States |
|---|---|---|---|
| Typical home value | $509,363 | $539,403 | $366,157 |
| Home value, 1-yr change | +1.0% | −0.2% | +1.2% |
| Typical rent | $1,809 | $1,803 | $1,932 |
| Rent, 1-yr change | +1.9% | +1.1% | +2.7% |
| Gross rent yield | 4.3% | 4.0% | 6.3% |
| Price-to-rent ratio | 23.5 | 24.9 | 15.8 |
| Mortgage P&I, typical home | $2,799 | $2,964 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Milwaukie rental, pre-filled.
Rent vs buy in Milwaukie
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $509K home.
Other cities in the Portland, OR metro
Portland, OR
$524K home$1,719 rent
▲ 0.5% 1 yr
Vancouver, WA
$498K home$1,803 rent
▼ 0.1% 1 yr
Beaverton, OR
$520K home$1,871 rent
▼ 1.9% 1 yr
Gresham, OR
$462K home$1,601 rent
▼ 0.5% 1 yr
Hillsboro, OR
$510K home$1,969 rent
▼ 2.3% 1 yr
Tigard, OR
$599K home$1,798 rent
▼ 0.9% 1 yr
Oregon City, OR
$591K home$2,006 rent
▲ 0.5% 1 yr
Lake Oswego, OR
$863K home$2,218 rent
▲ 1.5% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.