Portland housing market
Typical home value
$539K
▼ 0.2% 1 yr
Typical rent
$1,803/mo
▲ 1.1% 1 yr
12-month forecast
−0.1%
#470 of 546 metros
Gross rent yield
4.0%
#511 of 546 · U.S. 6.3%
Days to pending
49 days
▼ −1 day 1 yr
Listings with a price cut
32%
▲ +0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $539,403, down 0.2% in a year and up 6% over five years.
- 2Zillow forecasts home values falling 0.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,803/mo (+1.1% YoY), a 4.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,964/mo in principal and interest, $1,161 more than renting.
- 5Homes go under contract in 49 days (−1 day vs last year); 32% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Portland compares
| Measure | Portland | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −0.2% | +1.2% | #464 |
| Home value, 5-yr change | +5.7% | +19.7% | |
| 12-month forecast | −0.1% | +1.1% | #470 |
| Rent, 1-yr change | +1.1% | +2.7% | #469 |
| Gross rent yield | 4.0% | 6.3% | #511 |
| Price-to-rent ratio | 24.9 | 15.8 | |
| Mortgage P&I on typical home | $2,964 | $2,012 | |
| Income needed to buy | $145,407 | $100,902 | |
| Days to pending | 49 | 56 |
Cities in the Portland metro
29 cities with home value and rent data.
| Portland | $524K | ▲ 0.5% | $1,719 | ▲ 1.7% | 3.9% |
| Vancouver | $498K | ▼ 0.1% | $1,803 | ▲ 0.6% | 4.3% |
| Beaverton | $520K | ▼ 1.9% | $1,871 | ▼ 0.8% | 4.3% |
| Gresham | $462K | ▼ 0.5% | $1,601 | ▼ 0.4% | 4.2% |
| Hillsboro | $510K | ▼ 2.3% | $1,969 | ▲ 0.5% | 4.6% |
| Tigard | $599K | ▼ 0.9% | $1,798 | ▲ 0.2% | 3.6% |
| Oregon City | $591K | ▲ 0.5% | $2,006 | ▲ 2.9% | 4.1% |
| Milwaukie | $509K | ▲ 1.0% | $1,809 | ▲ 1.9% | 4.3% |
| Lake Oswego | $863K | ▲ 1.5% | $2,218 | ▲ 0.8% | 3.1% |
| McMinnville | $479K | ▼ 1.1% | $1,776 | ▲ 6.2% | 4.5% |
| Camas | $742K | ▼ 0.1% | $2,221 | ▲ 1.4% | 3.6% |
| Battle Ground | $604K | ▲ 0.3% | $2,163 | ▲ 2.7% | 4.3% |
| Happy Valley | $676K | ▼ 0.2% | $1,871 | ▲ 0.3% | 3.3% |
| West Linn | $762K | ▲ 1.7% | $2,437 | ▲ 2.7% | 3.8% |
| Newberg | $526K | ▼ 1.0% | $1,987 | ▲ 0.9% | 4.5% |
| Forest Grove | $517K | ▼ 1.2% | $1,789 | ▲ 2.9% | 4.2% |
| Sherwood | $621K | ▼ 1.4% | $2,614 | ▲ 2.3% | 5.1% |
| Tualatin | $626K | ▼ 0.2% | $1,882 | ▲ 3.3% | 3.6% |
| Wilsonville | $622K | ▼ 1.4% | $1,806 | ▲ 0.5% | 3.5% |
| Canby | $587K | ▲ 1.8% | $2,035 | ▲ 0.6% | 4.2% |
| Washougal | $635K | ▲ 1.2% | $1,930 | ▲ 0.5% | 3.6% |
| Ridgefield | $670K | ▼ 0.2% | $2,372 | ▲ 0.9% | 4.2% |
| Clackamas | $577K | ▼ 0.3% | $1,742 | ▲ 1.3% | 3.6% |
| Saint Helens | $419K | ▼ 0.8% | $1,660 | ▲ 0.4% | 4.8% |
| Gladstone | $502K | ▲ 0.1% | $1,819 | ▲ 5.0% | 4.3% |
| Rockcreek | $613K | ▼ 1.1% | $1,740 | ▼ 1.1% | 3.4% |
| Garden Home-Whitford | $627K | ▲ 0.5% | $2,241 | ▲ 2.4% | 4.3% |
| Fairview | $470K | ▼ 1.1% | $1,668 | ▼ 4.0% | 4.3% |
| West Slope | $762K | ▲ 1.3% | $1,695 | ▼ 1.6% | 2.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Portland rental ($539K, $1,803/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Portland home.
Rent vs buy
Is it cheaper to rent or buy in Portland?
Other Oregon metros
Salem, OR
$447K home$1,646 rent4.4% yield
▲ 0.4% 1 yr
Eugene, OR
$453K home$1,771 rent4.7% yield
▲ 1.0% 1 yr
Medford, OR
$431K home$1,848 rent5.1% yield
▲ 1.1% 1 yr
Bend, OR
$659K home$2,218 rent4.0% yield
▼ 0.7% 1 yr
Albany, OR
$408K home$1,635 rent4.8% yield
▲ 0.3% 1 yr
Roseburg, OR
$339K home$1,326 rent4.7% yield
▲ 0.1% 1 yr
Corvallis, OR
$553K home$1,811 rent3.9% yield
▲ 0.3% 1 yr
Hermiston, OR
$312K home$1,583 rent6.1% yield
▲ 2.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.