Portland, Oregon housing market: home prices and forecast
Portland, Oregon home prices: the Zillow Home Value Index put the typical value at $524,318 in September 2026. That is +0.5% higher than a year earlier and −9.3% under the peak of $577,891 set in June 2022.
- Value of a typical home
- $524,318September 2026, Zillow ZHVI
- Change over 12 months
- +0.5%. Change since September 2025.
Portland, Oregon home prices since 2000
Portland, Oregon is the steel line; the grey line is the United States. In Portland, Oregon the typical home was worth $165,917 in January 2000 and $524,318 now: ×3.16. The US figure over those months is ×2.99. October 2007 marked the boom high at $311,505; February 2012 brought the low at $242,552, −22.1%.
Portland, Oregon median home price by year
Each year averages its twelve monthly values; for 2026 only the latest month is shown.
| Year | Portland, Oregon | Change on the year | United States |
|---|---|---|---|
| 2000 | $169,397 | $125,745 | |
| 2001 | $176,059 | +3.9% | $134,899 |
| 2002 | $186,494 | +5.9% | $144,276 |
| 2003 | $199,396 | +6.9% | $155,308 |
| 2004 | $213,473 | +7.1% | $169,891 |
| 2005 | $241,610 | +13.2% | $189,732 |
| 2006 | $284,978 | +17.9% | $206,531 |
| 2007 | $307,771 | +8.0% | $208,449 |
| 2008 | $304,177 | −1.2% | $195,574 |
| 2009 | $280,546 | −7.8% | $177,542 |
| 2010 | $269,259 | −4.0% | $171,462 |
| 2011 | $248,855 | −7.6% | $162,508 |
| 2012 | $249,415 | +0.2% | $161,137 |
| 2013 | $279,264 | +12.0% | $171,420 |
| 2014 | $308,099 | +10.3% | $182,996 |
| 2015 | $345,112 | +12.0% | $192,738 |
| 2016 | $403,568 | +16.9% | $204,509 |
| 2017 | $435,703 | +8.0% | $216,767 |
| 2018 | $443,583 | +1.8% | $230,541 |
| 2019 | $442,650 | −0.2% | $242,088 |
| 2020 | $460,297 | +4.0% | $257,151 |
| 2021 | $520,776 | +13.1% | $295,959 |
| 2022 | $558,522 | +7.2% | $340,014 |
| 2023 | $528,184 | −5.4% | $348,160 |
| 2024 | $529,441 | +0.2% | $359,751 |
| 2025 | $526,448 | −0.6% | $362,959 |
| September 2026 | $524,318 | +0.5% | $366,157 |
What a home bought in Portland, Oregon in any year is worth now
An estimate based on the index for a typical home, not an appraisal.
Each year is averaged from twelve monthly index values, and the current value is September 2026. More options: the home appreciation calculator.
Thinking about selling? Compare agents in your area on Realtor.com. Advertising disclosure: a link like this one may pay the site, and the site never changes a number. Disclosure.
Forecast for the Portland, Oregon housing market
Zillow's forecast puts the Portland, OR metro at −0.1% across the 12 months beginning September 2026, and at −0.3% across the three months immediately ahead. That, applied to Portland, Oregon's typical value, $524,318, would put the figure near $523,800 a year on.
Zillow's central estimate for the metro is restated here; this site does not publish any forecast of its own. Forecasts of this sort, covering 12 months, have typically landed several percentage points away from the change that actually happened, in both directions. Not investment advice of any kind.
All metro forecasts in one table: housing market forecast.
Crash risk score for the Portland, Oregon housing market
72 out of 100, which is high
It ranks Portland, Oregon against the 292 cities using five conditions that ran high before earlier price falls. Every input is scored between 0 and 100 by comparison with the other cities, then the five scores get equal weight in the average. It shows conditions as they are today; it does not forecast a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +8.8% | 57 | 20% |
| Time on the market vs 2019 | +40.4% | 92 | 20% |
| Price-to-rent ratio | 25.4 | 86 | 20% |
| Price-to-income ratio | 5.7 | 70 | 20% |
| 12-month price change | +0.5% | 57 | 20% |
This is not investment advice. How each input is scored: scoring method. Ranked for all 292 cities: crash risk by city.
Portland, Oregon inventory and days on market
In September 2026 the Portland, OR metro counted 8,984 homes for sale, +6.9% compared with a year earlier and +8.8% compared with the same month of 2019. Listings sold in a median of 66 days (+40.4% against 2019), and 31.6% of them came down in price.
| Portland, OR metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 8,984 | +6.9% |
| New listings | 2,934 | |
| Median days on market | 66 | −0.8% |
| Median list price | $587,750 | −1.9% |
| Share with a price cut | 31.6% |
Metro inventory from Realtor.com® Economic Research. Realtor.com figures. For every metro: days on market by city.
Portland, Oregon cost of living
In Portland, Oregon the Zillow Observed Rent Index shows a typical asking rent of $1,719 a month, +1.6% on a year. The price of a typical home works out to 25.4 years of that rent. Census ACS 2024 puts median household income at $91,478, so the typical home equals 5.7 years of income. BEA puts the metro's price level at 105.4 and its housing costs at 125.1, versus a US average of 100 for prices.
The salary you would need to move there, plus rent and prices: cost of living in Portland, Oregon.
Other Oregon housing markets
For the whole state: Oregon housing market.
How to read this chart
Each point shows the value of the typical home, which sits in the market's middle third. It comes from the Zillow Home Value Index for Portland, Oregon, smoothed and seasonally adjusted, in that month's dollars. A hollow circle marks the month picked on the slider, while the terracotta dot shows the latest month. No inflation adjustment applies to these figures, and an index tracks the typical home, not a particular house. The card above it and the home appreciation calculator help you value a single home from its own sale price.