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Portland

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

Median Home$607,662
Median Rent$1,723/month
Population639,494
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services12% arts, food & hospitality
Home Value Growth+1.2% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners52% of occupied units
NotableAmenity Score84/100 · highly walkable area
NotableTransit84/100 · excellent transit access
Portland
OR

Frequently Asked Questions

What are today's mortgage rates in Portland?

As of today, the 30-year fixed mortgage rate for Portland is approximately 6.832% (6.872% 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 Portland?

The median home value in Portland is $608k. The median monthly rent is $1,723. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Portland?

Home values in Portland have increased 1.2% over the past two years. The market has been relatively stable. 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 Portland?

Based on a typical all-in ownership cost of $1,883/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Portland is $97k/year.

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What industries drive the economy in Portland?

The largest employment sectors in Portland are public administration (26%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.