Market Overview
Home Prices in Gresham, OR
The median home value in Gresham, OR is $473,726 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gresham are priced16% above average. Gresham is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Gresham home values have risen by approximately7.7%, reflecting steady appreciation in this market.
Price History
Gresham Home Price Trend
City Comparison
Gresham vs. National Median
At $473,726, homes in Gresham cost 16% above the national median of $410,000. Buyers in Gresham should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Gresham?
20% Down Payment
$94,745
on $473,726
Monthly P&I
$2,471/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,138/mo
incl. taxes & insurance
Income Needed
$125,520
gross annual (30% rule)
10% Down Option
$47,373
+ PMI applies
Loan Amount (20% dn)
$378,981
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gresham, OR?
The median home value in Gresham is $473,726 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Gresham?
Over the past year, home values in Gresham have decreased by 0.7%. Over five years, prices have risen approximately 7.7%.
How much do I need to earn to buy a home in Gresham?
To comfortably afford the median home price of $473,726 with a 20% down payment ($94,745) at today's rates (6.8%), you'd need a gross annual income of approximately $125,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Gresham compare to the national average home price?
The national median home value is approximately $410,000. At $473,726, homes in Gresham are 16% above the national average.
What metro area is Gresham part of?
Gresham is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.