Portland, OR 97240 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Portland, OR — 97240
Median Listing Price
--
Population
--
Households
349,803
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
371K
units
Occupied
349,803
94.2%
Vacant
21,376
5.8%
2024 Tenure
350K
occupied
Owner
186,699
53.4%
Renter
163,104
46.6%
Renter Share
46.6%
+1.6% YoY
Total Housing Units
371,179
+0.9% YoY
FY2026 Fair Market Rent — Multnomah County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
38.7
2024
Population
Multnomah County Population
795,897
+0.2% YoY
Households
Total Households
349,803
+0.7% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.23
-0.9% YoY
Age
2024 Age Mix
801K
residents
Under 18
141,135
17.6%
Adults 18–64
542,118
67.6%
65 & Over
118,224
14.8%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
84.0%
Moved (within US)
15.4%
Other
0.6%
Veterans
4.8%
-4.0% YoY
County Economy
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
of workers
Drove alone
52.6%
Public transit
5.5%
Worked from home
26.1%
Other
15.8%
Worked From Home
26.1%
+13.0% YoY
Mean Commute
24.40
-2.4% YoY
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