Portland, OR
Multnomah County · Pop. 641,162
Ranked #179 of 243 cities
30Crisis
Median Home Price
🏠$530K
2.0% YoY
Median Rent
🔑$1,700
1.5% YoY
Median Income
💰$72K
Rent Burden
📊31.5%
% of income to rent
Income to Buy
🏦$152K
annual income needed
Income to Rent
📝$68K
annual income needed
Price-to-Income
⚖️7.4x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$2,821/mo
Est. mortgage (7%, 20% down)
Need $152K/yr income
Rent
$1,700/mo
Median rent
Need $68K/yr income
How Portland Compares
| Metric | Portland | Oregon | National |
|---|---|---|---|
| Home Price | $530K | $485K | $410K |
| Rent | $1,700 | $1,481 | $1,500 |
| Income | $72K | $80K | $75K |
| Rent Burden | 31.5% | 35.5% | 30.0% |
Key Takeaways
- • Home prices in Portland are 29% higher than the national average.
- • Rent is 13% higher than the national average.
- • You need an income of $152K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.