Portland Housing Market: Home Prices & Rent
Portland home values since 2000
Last few years
Rent in Portland
Owning vs renting, monthly
Buying the typical Portland home with 20% down at this week's 7.32% 30-year rate costs about $3,639/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,803/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Portland homes are worth 5% less than at the 2022 peak
Portland vs Oregon vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $539k | -0.2% | $1,803/mo |
| Oregon | $493k | +0.0% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Portland?
Yes - the typical Portland-area home value is down 0.2% over the past 12 months, at $539k (September 2026). Values are 5% below their June 2022 peak of $568k.
Is the Portland housing market crashing?
Home values are 5% below their June 2022 peak and down 0.2% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Portland?
Typical rent in the Portland metro is $1,803 a month (September 2026), +1.1% over 12 months.
How much income do you need to buy a home in Portland?
About $145k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Provo, UT · Denver, CO · Providence, RI · Salt Lake City, UT
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Portland, OR metro area. How we calculate.