dynamic.RE

State

City

Compare with

City

State

City

ZIP codes

Portland, OR · 97238

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 $89K, +2.9% YoY (county); renters hold 46.6% of county households. See the people evidence ↓

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: . 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.

Median Listing Price

Population

349,803

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 97238? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Portland, OR · 97238

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 $89K, +2.9% YoY (county); renters hold 46.6% of county households. See the people evidence ↓

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

Population

349,803

Median Days on Market

Active Listings

New Listings

Housing Market

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

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 97238? Put it next to another market.