The story of this market
The typical home in Multnomah County, Oregon sells for about $518,479, or $303 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 20 days to sell, which is fast. Over the long run, values in this county have grown 222% since 2000. Last year 94 of 176 neighborhoods saw prices rise, so the story isn't the same street to street. HUD's fair market rent for a two-bedroom is $1,878 a month.
HUD sets the fair market rent for a 2-bedroom at $1,878 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+0.1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2006 (+16.8%). Worst: 2009 (-8.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+0.3%
OR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,550
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.1%
2025 change
FHFA repeat-sales index, median of 176 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
56
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $440,430,746.
Mortgage activity
Home lending in this county
80.6%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 41272 | 23347 | 80.6% | 8.3% | $435,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Multnomah County, Oregon
The Multnomah County housing market is experiencing a slight cooling trend with median sale prices down 1.2% year-over-year. Inventory levels have been rising steadily throughout the summer of 2026, while homes are spending less time on the market compared to the previous year.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Select a city to expand its ZIP intel reports beneath · 7 cities · 34 ZIP reports
Median prices moved up 5.6% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 51.38% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 34 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Multnomah County, Oregon — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Sep 19
researched Sep 16
researched Sep 16
researched Sep 16
researched Oct 1
researched Sep 18
researched Sep 25
researched Sep 20
researched Sep 16
researched Sep 16
| 97014 | Cascade Locks | $500,000 | $331 | 0% | 126 | — | — | — | 15 | $1,074 | researched Sep 19 |
| 97019 | Corbett | $702,500 | $268 | 0% | 70 | — | — | — | 29 | $1,695 | researched Sep 16 |
| 97024 | Fairview | $481,000 | $345 | -4% | 32 | 98.5% | 18% | 2.8 | 77 | $1,625 | researched Sep 16 |
| 97030 | Gresham | $446,000 | $277 | -1.8% | 35 | 100% | 29.1% | 1 | 247 | $1,667 | researched Sep 16 |
| 97060 | Troutdale | $484,895 | $288 | -1.4% | 55 | — | — | — | 48 | $1,878 | researched Oct 1 |
| 97080 | Gresham | $469,950 | $275 | +0.9% | 35 | — | — | — | 479 | $1,654 | researched Sep 18 |
| 97201 | Portland | $415,000 | $318 | -35.2% | 87 | 100% | 49.8% | — | 154 | $1,580 | researched Sep 25 |
| 97202 | Portland | $639,827 | $375 | +0.7% | 32 | 98.5% | 18% | 2.4 | 47 | $1,705 | researched Sep 20 |
| 97203 | Portland | $458,046 | $305 | -1.7% | 18 | 98.5% | 28% | 3.2 | 165 | $1,571 | researched Sep 16 |
| 97204 | Portland | $1,925,000 | $1,559 | 0% | 120 | 95% | — | — | 2 | $807 | researched Sep 16 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
- Hopscotch Portland4.83.4 mi
- Oaks Amusement Park4.44.6 mi
- Langer's Entertainment Center4.416 mi
- Bullwinkle's4.416.6 mi
- Sky Zone Trampoline Park3.810.3 mi
- Moda Center4.54.1 mi
- Providence Park4.65.1 mi
- Oregon Convention Center4.53.8 mi
- Revolution Hall4.63.2 mi
- Portland Art Museum4.64.7 mi
- Powell's City of Books4.94.6 mi
- Oregon Zoo4.56.2 mi
- Portland Japanese Garden4.65.9 mi
- The Grotto4.72.7 mi
- Providence Park4.65.1 mi
- Portland Japanese Garden4.65.9 mi
- OMSI4.53.9 mi
- The Grotto4.72.7 mi
- Vista House at Crown Point4.816.6 mi
- Hopscotch Portland4.83.4 mi
- Portland Japanese Garden4.65.9 mi
- The Grotto4.72.7 mi
- International Rose Test Garden4.85.8 mi
- Laurelhurst Park4.72 mi
- Mt. Tabor Park4.80.5 mi
- Portland Yacht Club4.76.8 mi
- Riverplace Marina4.64.2 mi
- Tomahawk Bay Marina4.37.2 mi
- eNRG Kayaking4.810.5 mi
- Tidewater Cove Marina4.56.8 mi
- Topgolf Hillsboro4.516.6 mi
- RedTail Golf Center410 mi
- Heron Lakes Golf Course4.18.5 mi
- Glendoveer Golf & Tennis4.43.4 mi
- Eastmoreland Golf Course4.33.7 mi
- Washington Square4.410.4 mi
- Clackamas Town Center4.35.5 mi
- Vancouver Mall4.29.9 mi
- Uwajimaya Beaverton4.79.8 mi
- Bridgeport Village4.411.5 mi
- Portland International Airport4.54.9 mi
- Providence Saint Vincent Hospital Heliport4.69.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Census QuickFacts
applies when — Members of the Oregon National Guard or Reserve who are deployed.
Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones.
Business Oregon Enterprise Zone statutes
applies when — Qualified disabled veterans or their surviving spouses meeting specific disability or service-connected criteria.
Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute.
ORS 307.250
applies when — Delinquency of property taxes for a period of three years from the earliest date of delinquency.
The county may initiate foreclosure proceedings to seize the property to satisfy the tax lien. Owners have redemption rights prior to the judgment of foreclosure.
ORS 312.010
Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
Oregon Constitution; ORS Chapter 308
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.