Portland, Oregon.
Typical home $524,318 (+0.5% in a year), asking rent $1,719 (+1.6%). Portland-Vancouver-Hillsboro, OR-WA metro.
to buy the typical home at today's mortgage rate — +$1,116 (+68%) since Jan 2020.
- 1 year
- Up $2,812 +1%
- $521,506$524,318 since Sep 2025
- 5 years
- Down $8,181 -2%
- $532,499$524,318 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Portland$2,752
- Oregon$2,586
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Portland, OR rose 0.5% over the past year — slower than the nation's +1.2%.
Asking rents in Portland, OR rose 1.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Portland runs $2,014/mo more than renting one. The gap peaked at $2,290 in Oct 2023.
That is $3,732 a month against $1,719 rent: a $2,752 mortgage payment, plus $419 property tax and $561 insurance & upkeep.
Owning vs renting — Portland
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,732
- Renting$1,719
- Mortgage only$2,752
Property tax · $419/mo 0.96% of value a year — the ACS 2020-2024 median bill over the median home value for Multnomah County, OR
Insurance & upkeep · $561/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Portland, Multnomah County, Oregon
Portland is a city of 652,503 people in Multnomah County. Half its households earn more than $90,919 a year and half less, against $88,766 across Multnomah County; 13% of its people live below the poverty line. 52% of its homes are lived in by their owners and 48% are rented. Unemployment in Portland was 5.0% in August 2026, and Multnomah County had 0.9% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Portland is Oregon's largest city, with a population well beyond what most towns in the state can claim. Households here earn a little more than the typical household across Multnomah County, and slightly more people rent than in many places, with owners and renters fairly evenly balanced across the city's homes. A large share of adults hold a four-year degree, and many people work from home at least part of the time. Winters are cool and wet, with only a little snow, and summers are warm.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, shops, and restaurants, hotels and entertainment. Some of the largest workplaces in the city are Portland SD 1J, Oregon Health & Science University and Portland State University. Unemployment has eased a little compared with a year ago, though Multnomah County has lost a small number of jobs over the past year.
Things to do. Several well-known places are in or beside the city, including the Portland Art Museum, the Lan Su Chinese Garden and the Arlene Schnitzer Concert Hall. A short drive away are the Portland Japanese Garden and the International Rose Test Garden, both lovely for a slow afternoon walk. For a longer day out, Multnomah Falls is a waterfall a longer drive away.
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- 289,705households
- 54%of adults have a degree
- 13%below the poverty line
- 24 mintypical commute
- 28%work from home
What residents work in
Employed residents by industry, from the Census survey. Multnomah County had 494,307 jobs in 2025, 0.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 46° and lows near 37°; warmest in August, with highs near 81° and lows near 59°. About 4 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Portland Kgw-tv weather station, 2 miles away (NOAA).
Largest workplaces in Portland
- OHSU Main CampusMedical schools21,961
- Portland SD 1JSchool district11,558FTE
- Oregon Health & Science UniversityUniversity or college11,147
- Ohsu Hospital and ClinicsGeneral hospital9,686FTE
- Legacy Emanuel Hospital & Health CTRGeneral hospital3,981FTE
- Portland State UniversityUniversity or college3,071
- Veterans Health AdministrationFederal government · Department of Veterans Affairs2,730
- Portland Community CollegeTwo-year college2,710
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 689 workplaces with 20 or more staff, 117,176 people in all. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- EarthquakesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Portland’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Multnomah County and the Portland-Vancouver-Hillsboro, OR-WA metro.
Portland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Portland$524,318
- Oregon$492,753
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Portland listings, and the typical home goes pending in 18 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Portland29.17%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Portland18
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Portland2,945
New listings per month
Sellers arriving at the market.
- Portland807
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Portland$531,489
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Portland100.58%
Zip codes with a Portland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Portland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Portland
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 97229 | Portland | 76,106 | $2,223 | $723,247 |
| 97206 | Portland | 49,890 | $1,902 | $461,375 |
| 97230 | Portland | 43,553 | $1,527 | $448,858 |
| 97202 | Portland | 43,533 | $1,676 | $622,201 |
| 97219 | Portland | 42,430 | $1,857 | $627,484 |
| 97236 | Portland | 37,558 | $1,671 | $426,489 |
| 97233 | Portland | 36,236 | $1,487 | $395,076 |
| 97266 | Portland | 35,423 | $1,757 | $393,446 |
| 97217 | Portland | 35,169 | $1,592 | $490,288 |
| 97211 | Portland | 33,769 | $2,074 | $556,760 |
| 97203 | Portland | 33,116 | $1,689 | $442,289 |
| 97213 | Portland | 31,408 | $1,643 | $545,752 |
| 97212 | Portland | 28,042 | $2,340 | $783,545 |
| 97214 | Portland | 27,714 | $1,628 | $671,763 |
| 97220 | Portland | 27,202 | $1,583 | $420,163 |
| 97209 | Portland | 22,296 | $1,806 | $342,301 |
| 97239 | Portland | 17,804 | $1,899 | $590,098 |
| 97215 | Portland | 17,296 | $1,672 | $645,726 |
| 97201 | Portland | 16,887 | $1,588 | $421,128 |
| 97216 | Portland | 16,638 | $1,688 | $419,027 |
| 97232 | Portland | 15,615 | $1,561 | $653,726 |
| 97218 | Portland | 15,428 | $2,099 | $470,606 |
| 97221 | Portland | 12,915 | $2,192 | $745,874 |
| 97210 | Portland | 11,324 | $1,562 | $683,098 |
| 97205 | Portland | 9,121 | $1,617 | $491,292 |
| 97227 | Portland | 5,665 | $1,497 | $548,829 |
| 97231 | Portland | 4,308 | — | $686,659 |