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Gresham

Learn about the people, housing, costs and businesses in Gresham, Oregon

Median Home$450,733
Median Rent$1,616/month
Population112,925
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth+4.1% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners56% of occupied units
NotableAmenity Score72/100 · highly walkable area
Gresham
OR

Frequently Asked Questions

What are today's mortgage rates in Gresham?

As of today, the 30-year fixed mortgage rate for Gresham is approximately 6.865% (6.900% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gresham?

The median home value in Gresham is $451k. The median monthly rent is $1,616. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gresham?

Home values in Gresham have increased 4.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gresham?

Based on a typical all-in ownership cost of $1,671/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gresham is $81k/year.

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What industries drive the economy in Gresham?

The largest employment sectors in Gresham are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.