Multnomah County
Oregon · Pop. 812,855
Ranked #163 of 200 counties
30Crisis
Median Home Price
🏠$520K
2.0% YoY
Median Rent
🔑$1,700
Median Income
💰$72K
Rent Burden
📊31.5%
% of income to rent
Housing Shortage
🏗️10,000
estimated unit deficit
Building Permits (2024)
📋4,200
Price-to-Income Ratio
⚖️7.2x
Homeownership Rate
🏡54.0%
How Multnomah County Compares
| Metric | Multnomah County | Oregon | National |
|---|---|---|---|
| Home Price | $520K | $485K | $410K |
| Rent | $1,700 | $1,481 | $1,500 |
| Income | $72K | $80K | $75K |
| Rent Burden | 31.5% | 35.5% | 30.0% |
| Homeownership | 54.0% | 63.0% | 65.0% |
Key Takeaways
- • Home prices are 27% above the national average.
- • Rent is 13% above the national average.
- • The county has an estimated housing shortage of 10,000 units.
- • 4,200 building permits were issued in 2024.
- • Year-over-year home prices changed by 2.0%.