Portland Oregon Real Estate Market

All About Portland Oregon

The City of Portland is 145.09 square miles and has a population of 652,503 as of 2020, which is a 11.80% change in the last 10 years. Portland is located in Multnomah County. The average rent across all housing types in 2020 was $1,820. Median gross rent in 2019 for a two bedroom: $1,312

Portland is a great place to live. The city has a lot to offer, and the people are friendly. The cost of living is affordable, and the public schools are above average. The climate is mild, and the crime rate is low. For decades Portland, Oregon was a destination city for many looking to live in the Pacific Northwest without the traffic and costs of Seattle. With a diversity of jobs in tech, service, industry, and entertainment the city attracted a wide variety of residents who came for the outdoor life and stayed to raise their kids.

There are still many reasons to move to Portland. Of course the weather is one big draw. While the rainy season is long, the summers are perfect. With numerous rivers, swimming, boating, and fishing are always a draw for local crowds. And the restaurants and entertainment activities are seemingly endless. With 30 museums, 100’s of independent art galleries, dozens more workshops, and unique boutiques, there is always something to do, regardless of the weather or your interests.

In June 2022, the median listing home price in Portland, OR was $569.9K, trending up 5.5% year-over-year. The median listing home price per square foot was $330. The median home sold price was $575K.

The median household income in Portland is $85,000, and the unemployment rate is a low 2.9%. The cost of living in Portland is slightly higher than the national average, but it is still affordable. The average commute time is 26 minutes.

The public schools in Portland are above average. The student-teacher ratio is 16:1, and the graduation rate is 80%.

The climate in Portland is mild with an average of only 22 inches of snowfall per year. The average high temperature in July is 85 degrees, and the average low temperature in January is 28 degrees.

Here are some of the biggest draws to the City if you’re considering moving here:

The Waterfront - Not only a place for swimming and getting a tan, the waterfront also hosts festivals, fairs, and events for the entire family.
The Libations - Portland has long been known for its beer, but the wine and spirits scene is also hopping with many independent vintners and distillers crafting concoctions for local menus.
The Communities - Each neighborhood in Portland is unique with farmer’s markets, architectural styles, and culture. The 5 main areas of Portland include North, Northeast, Southeast, Southwest, and Northwest, each with several distinct neighborhoods.

Ready to sell or buy a home in Portland?

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Hot Portland Properties

$725,000

3 Beds ⋅ 2 Baths ⋅ 24610227 MLS

Welcome to this rare 1920s Spanish bungalow—a blend of classic charm and modern comforts! Step into the inviting living room, where coved ceilings and leaded glass windows set the scene for cozy evenings by the wood-burning fireplace. With custom-stained oak floors underfoot and bespoke lighting above, it feels like a stylish time capsule with all the right upgrades. The chef’s kitchen is truly a dream come true. Whether you're a culinary pro or just love to pretend, you'll appreciate the high-end Viking stove, Bosch dishwasher, and built-in wine cooler (because you totally deserve it). The honed black granite countertops, Carrara marble backsplash, nickel hardware, and under-cabinet lighting make this kitchen a feast for the eyes and a joy to cook in. The main level offers two spacious bedrooms with hardwood floors and charming Rejuvenation push-button light fixtures that add a vintage touch. Now, let's talk about the bathroom. Do you like a warm behind? Who doesn’t? The main bath is a luxurious retreat featuring a marble basket-weave floor, handmade Ann Sacks tile, and a bidet toilet seat that’s as surprising and delightful as a plot twist in your favorite novel. Trust us—your tooshie will thank you! Head downstairs to check out the separate 1-bedroom, 1-bath full living space. Perfect for entertaining guests, ADU to tuck your MIL away in the basement or maybe even an AirBnB for extra moolah. This place comes complete with a generous family room, full wet bar/kitchen area equipped with all the goodies and even a custom cedar wine cellar. Outside, the private backyard is perfect for lounging or hosting that barbecue you’ve always dreamed of. Relax on the deck off the primary suite with your morning coffee or a good book. This bungalow isn’t just a pretty face; it’s smart too! With a newer furnace, water heater, central air, and a Nest, you’ll stay comfortable year-round. All high-end appliances are included, so move in and start enjoying your dream home today! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232814]

3721 NE 66TH AVE, Portland

$345,000

1 Baths ⋅ 24062947 MLS

Step into this stunning industrial loft-style condo, a standout with its award-winning Soho-inspired design. Soaring 10 foot ceilings and floor to ceiling windows, this space is flooded with natural light, featuring a charming Juliette balcony with French doors and city views. Amenities include a two-story gym overlooking the intersection at NW 11th Avenue and NW Lovejoy Street, a vibrant community room with large windows, gas fireplace and kitchenette adjacent to the private courtyard. This shared environment enhances the overall living experience by promoting a strong community spirit and creating opportunities to engage with others. Enjoy secure deeded parking and deeded storage. Built in 2001, this north-facing unit is just steps away from shops, restaurants, parks, and the streetcar, making it an ideal urban retreat in the heart of the Pearl District. The Streetcar Lofts is easily one of the most recognizable buildings in the Pearl District, its amenities and central location make it not just a place to live, but a place to thrive!

1030 NW 12TH AVE Unit #328, Portland

$499,000

4 Beds ⋅ 1 Baths ⋅ 24523473 MLS

Remodeled Midcentury home in trendy Piedmont! 1 of 2 cottage homes, each with a fenced yard. Stellar location convenient to amenities, transit & more. Spacious living room with cozy fireplace, formal dining, remodeled bath, & remodeled kitchen w/ sunny eating area. Lower level bedroom, bonus, laundry & storage rooms. Pre-wired for 50amp car charging & driveway parking. NO monthly HOA dues. Annual HOA dues of just $550. Walkscore=75! Bikescore=94! SEE 3D MATTERPORT TOUR. New electrical service and panel, sewer line, all water supply lines, roof, floor coverings, paint, hardware & more. [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232420]

8 N MORGAN ST, Portland

$1,400,000

1 Beds ⋅ 1 Baths ⋅ 24558180 MLS

The Ritz-Carlton Residences will change your life.

550 SW 10th AVE Unit #2108, Portland

$850,000

1 Beds ⋅ 1 Baths ⋅ 24369442 MLS

The Ritz-Carlton Residences will change your life.

550 SW 10th AVE Unit #2104, Portland

$920,000

1 Beds ⋅ 1 Baths ⋅ 24084470 MLS

The Ritz-Carlton Residences will change your life.

550 SW 10th AVE Unit #2103, Portland

$550,000

3 Beds ⋅ 2 Baths ⋅ 24415601 MLS

Location Location! Perched nicely on a corner lot above the Klickatat neighborhood greenway sits this lovely one level 70's ranch. Anchored by two sided stone fireplace in the center of the home this floor plan just flows. 3 beds 2 baths including a primary suite, spacious living/ dining room combo plus a nice multi purpose media type room adjacent the kitchen. Nearly 1600 sq.ft. allows fo ample storage. Bonus sun room off the kitchen area adds another 190 or so square feet.. great for an outdoor dining area. Generous finished attached garage also has many possibilities adding an additional 500 sqft. don't miss this great value! [Home Energy Score = 2. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10075472]

6126 NE KLICKITAT ST, Portland

$599,000

3 Beds ⋅ 2 Baths ⋅ 24379546 MLS

This beautiful, traditional Cape Cod with a tucked-under 1-car garage is located in the highly coveted Roseway neighborhood. An estate sale, this home has been cherished by only its second owner for over 60 years and is now ready for its next chapter. Bring your creativity, vision, and tools to restore this gem to its full potential. The spacious living room features classic built-ins, a cozy wood-burning fireplace, and French doors that open to an expansive deck with built-in benches, overlooking the fenced backyard. The formal dining room and charming kitchen nook offer spaces perfect for family meals and gatherings. The main floor includes the primary and second bedrooms, while upstairs you'll find a versatile loft area, a third bedroom, a full bath, and a bonus room with gleaming hardwood floors. The lower level offers even more space, with a large family room, a second fireplace, a workshop, tons of storage, a utility room, and a convenient half bath.Additional features include built-ins, a tankless water heater, and unique touches throughout. Ideally located just steps from the school and across the street from Rose City Golf Course, this home is also close to restaurants, schools, shopping, and public transportation. Don't miss the opportunity to make this cherished home your own.

2731 NE 72ND AVE, Portland

$1,300,000

5 Beds ⋅ 3 Baths ⋅ 24547477 MLS

Quality craftmanship and tasteful details make this home a must see, not to mention it is by far and away, the best value in all of NW Heights. Located above Forest Heights, this stately home has beautiful valley views 365 days a year. With its brick facade and cedar siding on the outside, there is over 5000 square feet of luxury living on the inside, offering the perfect floor plan for flexible living. Formal spaces for entertaining--a beautiful formal living room and dining room greet you as you enter the home. A generous size kitchen with large family room with fireplace, provides ample space for all to enjoy. A den, with box beam ceilings and built ins is located on the main level and makes the perfect home office. The primary suite is tucked away and is also located on the main level. In addition, there are two bedrooms up and two bedrooms down. Add to this, a large upper level bonus room and a lower level great room with fireplace. Two decks provide outdoor living. The lower deck has overhead heaters for those chilly autumn nights and access to the flat and private backyard. The three car garage allows for ample storage or use the additional lower level flex space for a multitude of hobbies or for an exercise room. The options are endless in this well maintained home, and at such an incredible value, this is an opportunity you won't want to miss! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10229068]

4039 NW RIGGS DR, Portland

$359,900

2 Beds ⋅ 2 Baths ⋅ 24454397 MLS

Luxury Townhomes at Fairport Condominium’s now offering 3% down (%10,797), 5.625% 30 year mortgage program with estimated payments of $2100/mth and a 75% property tax reduction for the next 10 years* You will like the financing but love the fine townhome living. These units are the epitome of modern design sophistication. Offering 2 en suite bedrooms, 2 ½ baths in 1061 sq/ft. Custom cabinets, quartz countertops, fireplaces, vaulted ceilings, wideplank oak laminate floors, private fenced backyards, energy efficient heating and ac and even custom window coverings included. Charming Kenton neighborhood and close to MAX line and Kenton Park. Another quality development by Etruscan Custom Homes, trusted, quality, local builder. *List price and 10 year tax abatement based on buyer qualifying for HOLTE/SDC waiver program through Portland Housing Bureau. Max income $137K/year. Est monthly pmt is principal + interest and HOA (taxes and PMI TBD) Please show model unit at 1211 N Watts.

1207 N Watts ST, Portland

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2024 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.