Portland, OR Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Portland, OR offers balanced conditions for buyers.

  • •Prices are essentially flat (-1.3% YoY) — good negotiating leverage for buyers.
  • •Price-to-rent ratio: 20.0 — buying and renting are roughly comparable.

Median Home Value

$541,939

ZHVI

Year-over-Year

-1.3%

Price change

5-Year Change

+17.2%

Since 2021

Median Rent

$2,253/mo

ZORI

Active Listings

1,297

For sale

State Avg

$492,347

Oregon

Home Value Trends

5-year Zillow Home Value Index for Portland, OR vs. state and national averages.

Rent Data

Median Rent

$2,253/mo

Rent YoY Change

+3.4%

Rent vs. Buy Calculator

Other Markets in Oregon

Hood River, OR$669,391Bend, OR$660,310Corvallis, OR$547,193Astoria, OR$502,124Prineville, OR$465,871Newport, OR$463,643
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.