Portland
Oregon · Ranked #356 of 373 metros
30Crisis
💡
Housing in Portland costs 4.83× the median income, above the national average of 4.5×. The median home price is $445K and median rent is $1,551/month. Portland ranks #356 of 373 metros for affordability.
Median Home Price
🏠$445K
Need $152K income
Median Rent
🔑$1,551
Need $66K income
Housing Shortage
📉50,000
units needed
Building Permits
🔨12,000
annual
Median Income
💰$92K
Pop: 2,492,412
Rent Burden
⚠️34.0%
of renters paying >30%
Price Change (YoY)
📈+1.5%
Homeownership
🏡73.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Portland | National |
|---|---|---|
| Price-to-Income Ratio | 4.83x | 6.1x |
| Rent Burden | 34.0% | 31.5% |
| Homeownership Rate | 73.0% | 65.5% |
| YoY Price Change | +1.5% | +3.5% |
| YoY Rent Change | +1% | +2.8% |
| Mortgage Denial Rate | 12.0% | 13.5% |
| Eviction Rate | 3.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +38.9%Since 2000: +232.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,570/mo
1 Bedroom$1,677/mo
2 Bedroom$1,922/mo
3 Bedroom$2,619/mo
4 Bedroom$3,109/mo
Zillow Market Data
Home Value (ZHVI)
$542K
1yr: -1.3%5yr: +17.2%
Rent (ZORI)
$1,779/mo
1yr: +0.9%5yr: +22.1%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$420K
Active Inventory
751
Days on Market
49
Sold Above List
21.8%
Price Drops
42.3%