Housing in Portland, OR
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$455,000
Median List Price
$499,000
Price Per Sq Ft
$299
Days on Market
54
Active Inventory
1,459
Months of Supply
4.3
Balanced market
Zillow Home Value
$517,821
ZHVI — January 2026
Zillow Rent Index
$1,706
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
23.6%
Off Market in 2 Weeks
35.1%
Sale-to-List Ratio
98.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
343
New Listings
643
Pending Sales
564
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$299
Median List $/SF
$323
Portland vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 500,000 - 1,000,000 residents. Portland is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$557,600
Median Rent
$1,596
Total Housing Units
304,113
Vacancy Rate
5.6%
Owner Occupied
52.9%
Renter Occupied
47.1%
Median Property Tax
$5,495
per year
Monthly Cost (w/ Mortgage)
$2,078
Housing Types
The current median sale price in Portland, OR is $455,000 according to Redfin data. Homes spend a median of 54 days on the market. 23.6% of homes sold above asking price. The market has 4.3 months of supply. The median price per square foot is $299. Zillow's observed rent index is $1,706/month. About 52.9% of housing units are owner-occupied. The median year homes were built is 1966. There are 304,113 total housing units.