Home Values

Portland Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$286,200

  • 5.5% 1-year change
  • 5.4% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot
Buyers' Market
Sellers' Market

The median home value in Portland Metro is $286,200. Portland Metro home values have gone up 5.5% over the past year and Zillow predicts they will rise 5.4% within the next year. The median rent price in Portland Metro is $1,395, which is higher than the Oregon median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Portland Metro 5.4 homes are foreclosed (per 10,000). This is lower than the Oregon value of 6.0 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Portland Metro is 5.3%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Portland Metro homeowners underwater on their mortgage is 9.3%, which is lower than Oregon at 12.0%.

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Relative ZHVI
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Portland Metro Market Overview

Data through May 31, 2015
  • $286,200 ZHVI
  • 5.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $289,500 Median sale price
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Portland Metro Market Health

Data through May 31, 2015
  • No recent data Healthy
  • 56 Average days on Zillow (Apr 30, 2015)
  • 9.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

5 Portland Metro
6 Oregon
4 United States
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Cities in Portland Metro

Name Median ZHVI
Lake Oswego $458,200
Tigard $305,300
Portland $297,400
Name Median ZHVI
Beaverton $282,700
Oregon City $268,600
Hillsboro $251,500
Name Median ZHVI
Aloha $234,000
Gresham $221,100
Vancouver $201,100

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $179 Median sale price / sq ft
  • No data Listings with price cut
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Portland Metro Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,629 Portland Metro
    $1,457 Oregon
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,395 Rent list price
  • $1.24 Rent list price / sq ft
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