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Portland, Oregon

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +2.7% YoY (ZIP); renters hold 44.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −3.9% YoY. inventory, −4.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $558,401 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

50 ZIPs in this city:97201 97202 97203 97204 97205 97206 97207 97208 97209 97210 97211 97212 97213 97214 97215 97216 97217 97218 97219 97220 97221 97222 97223 97224 97225 97227 97228 97229 97230 97231 97232 97233 97236 97238 97239 97240 97242 97250 97251 97252 97253 97254 97266 97267 97268 97269 97280 97281 97282 97283

Median Listing Price

$558K

Population

928,005

406,498

Median Days on Market

Active Listings

3,124

New Listings

1,124

Housing Market

The median listing price is down 3.9% YoY while the median home got down 3.7% bigger, so value per square foot is down 3.0%.

Pricing

Median Listing Price

$558K-3.9% YoY

Average Listing Price

$655K-3.5% YoY

Price per Sq Ft

$314.422-3.0% YoY

Median Sq Ft

1,782-3.7% YoY

Inventory

Active Listings

3,124+0.8% YoY

New Listings

1,124-4.7% YoY

Total Listings

4,029-4.0% YoY

Buyer Competition

Pending Listings

919-16.8% YoY

Pending Ratio

0.29-17.4% YoY

Median Days on Market

68-3.7% YoY

Price Reduced

30.8%+3.1% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 371,179

371Kunits

Occupied349,80394.2%

Vacant21,3765.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 349,803

350Koccupied

Owner186,69953.4%

Renter163,10446.6%

Renter Share

46.6%+1.6% YoY

Total Housing Units

371,179+0.9% YoY

FY2026 Fair Market Rent

CountyMultnomah County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,570

/month

1 BR

$1,677

/month

2 BR

$1,922

/month

3 BR

$2,619

/month

4 BR

$3,109

/month

FMR trends · Multnomah County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 44.8% of this ZIP's 406,498 occupied households, on a median household income of $98K.

Population & Age

Total Population

928,005-0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 928,005

928Kresidents

Under 18164,75617.8%

Adults 18–64619,07266.7%

65 & Over144,17715.5%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.43+0.6% YoY

Population Under 18

164,756-2.0% YoY

Population 65 & Over

144,177+2.9% YoY

Households & Mobility

Total Households

406,498+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-1.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.4%

Moved (within US)14.9%

Other0.7%

Veterans

4.8%-2.6% YoY

Income & Poverty

Median Household Income

$98K+2.7% YoY

Per-Capita Income

$57K+3.6% YoY

Mean Household Income

$130K+2.5% YoY

Below Poverty Level

11.3%-0.1% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone53.0%

Public transit5.1%

Worked from home27.5%

Other14.4%

Worked From Home

27.5%+12.6% YoY

Mean Commute

23.99-1.8% YoY

Units & Tenure

Total Housing Units

429,483+1.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 429,483

429Kunits

Occupied406,49894.6%

Vacant22,9855.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 406,498

406Khouseholds

Owner224,45755.2%

Renter182,04144.8%

Avg Household Size — Owner

2.47-1.0% YoY

Avg Household Size — Renter

1.93-1.1% YoY

County Demographics

County population is down 0.3% to 801,477: residents under 18 are down 2.1% and those 65 and over are up 2.2%.

Median Age

38.72024

Population

Multnomah County Population

795,897+0.2% YoY

Households

Total Households

349,803+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 801,477

801Kresidents

Under 18141,13517.6%

Adults 18–64542,11867.6%

65 & Over118,22414.8%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

141,135-2.1% YoY

Population 65 & Over

118,224+2.2% YoY

Median Age

38.70+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.0%

Moved (within US)15.4%

Other0.6%

Veterans

4.8%-4.0% YoY

County Economy

County median household income is $89K, 12.6% of residents are below the poverty level, 26.1% work from home.

Income

Median Household Income

$89K+2.9% YoY

Per-Capita Income

$54K+3.1% YoY

Mean Household Income

$122K+2.1% YoY

Poverty

Below Poverty Level

12.6%+0.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone52.6%

Public transit5.5%

Worked from home26.1%

Other15.8%

Worked From Home

26.1%+13.0% YoY

Mean Commute

24.40-2.4% YoY

Done with Portland? Put it next to another market.

State

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ZIP codes

Portland, Oregon

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $98K, +2.7% YoY (ZIP); renters hold 44.8% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is −3.9% YoY. inventory, −4.0% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

$558K

Population

928,005

406,498

Median Days on Market

Active Listings

3,124

New Listings

1,124

Housing Market

The median listing price is down 3.9% YoY while the median home got down 3.7% bigger, so value per square foot is down 3.0%.

Pricing

Median Listing Price

$558K-3.9% YoY

Average Listing Price

$655K-3.5% YoY

Price per Sq Ft

$314.422-3.0% YoY

Median Sq Ft

1,782-3.7% YoY

Inventory

Active Listings

3,124+0.8% YoY

New Listings

1,124-4.7% YoY

Total Listings

4,029-4.0% YoY

Buyer Competition

Pending Listings

919-16.8% YoY

Pending Ratio

0.29-17.4% YoY

Median Days on Market

68-3.7% YoY

Price Reduced

30.8%+3.1% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 371,179

371Kunits

Occupied349,80394.2%

Vacant21,3765.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 349,803

350Koccupied

Owner186,69953.4%

Renter163,10446.6%

Renter Share

46.6%+1.6% YoY

Total Housing Units

371,179+0.9% YoY

FY2026 Fair Market Rent

CountyMultnomah County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,570

/month

1 BR

$1,677

/month

2 BR

$1,922

/month

3 BR

$2,619

/month

4 BR

$3,109

/month

FMR trends · Multnomah County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 44.8% of this ZIP's 406,498 occupied households, on a median household income of $98K.

Population & Age

Total Population

928,005-0.1% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 928,005

928Kresidents

Under 18164,75617.8%

Adults 18–64619,07266.7%

65 & Over144,17715.5%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.43+0.6% YoY

Population Under 18

164,756-2.0% YoY

Population 65 & Over

144,177+2.9% YoY

Households & Mobility

Total Households

406,498+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-1.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.4%

Moved (within US)14.9%

Other0.7%

Veterans

4.8%-2.6% YoY

Income & Poverty

Median Household Income

$98K+2.7% YoY

Per-Capita Income

$57K+3.6% YoY

Mean Household Income

$130K+2.5% YoY

Below Poverty Level

11.3%-0.1% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone53.0%

Public transit5.1%

Worked from home27.5%

Other14.4%

Worked From Home

27.5%+12.6% YoY

Mean Commute

23.99-1.8% YoY

Units & Tenure

Total Housing Units

429,483+1.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 429,483

429Kunits

Occupied406,49894.6%

Vacant22,9855.4%

2024 Tenure ⓘ

U.S. Census ACS · n = 406,498

406Khouseholds

Owner224,45755.2%

Renter182,04144.8%

Avg Household Size — Owner

2.47-1.0% YoY

Avg Household Size — Renter

1.93-1.1% YoY

County Demographics

County population is down 0.3% to 801,477: residents under 18 are down 2.1% and those 65 and over are up 2.2%.

Median Age

38.72024

Population

Multnomah County Population

795,897+0.2% YoY

Households

Total Households

349,803+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-0.9% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 801,477

801Kresidents

Under 18141,13517.6%

Adults 18–64542,11867.6%

65 & Over118,22414.8%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

141,135-2.1% YoY

Population 65 & Over

118,224+2.2% YoY

Median Age

38.70+0.5% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house84.0%

Moved (within US)15.4%

Other0.6%

Veterans

4.8%-4.0% YoY

County Economy

County median household income is $89K, 12.6% of residents are below the poverty level, 26.1% work from home.

Income

Median Household Income

$89K+2.9% YoY

Per-Capita Income

$54K+3.1% YoY

Mean Household Income

$122K+2.1% YoY

Poverty

Below Poverty Level

12.6%+0.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone52.6%

Public transit5.5%

Worked from home26.1%

Other15.8%

Worked From Home

26.1%+13.0% YoY

Mean Commute

24.40-2.4% YoY

Done with Portland? Put it next to another market.