Market Overview
Home Prices in Milwaukie, OR
The median home value in Milwaukie, OR is $525,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.2% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Milwaukie are priced28% above average. Milwaukie is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Milwaukie home values have risen by approximately9.6%, reflecting steady appreciation in this market.
Price History
Milwaukie Home Price Trend
City Comparison
Milwaukie vs. National Median
At $525,003, homes in Milwaukie cost 28% above the national median of $410,000. Buyers in Milwaukie should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Milwaukie?
20% Down Payment
$105,001
on $525,003
Monthly P&I
$2,738/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,477/mo
incl. taxes & insurance
Income Needed
$139,080
gross annual (30% rule)
10% Down Option
$52,500
+ PMI applies
Loan Amount (20% dn)
$420,002
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 Milwaukie, OR?
The median home value in Milwaukie is $525,003 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.2% year-over-year.
How much have home prices changed in Milwaukie?
Over the past year, home values in Milwaukie have increased by 0.2%. Over five years, prices have risen approximately 9.6%.
How much do I need to earn to buy a home in Milwaukie?
To comfortably afford the median home price of $525,003 with a 20% down payment ($105,001) at today's rates (6.8%), you'd need a gross annual income of approximately $139,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Milwaukie compare to the national average home price?
The national median home value is approximately $410,000. At $525,003, homes in Milwaukie are 28% above the national average.
What metro area is Milwaukie part of?
Milwaukie is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.