Market Overview
Home Prices in Portland, OR
The median home value in Portland, OR is $540,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Portland are priced32% above average. Portland is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Portland home values have fallen by approximately0.8%, reflecting softening conditions in this market.
Price History
Portland Home Price Trend
City Comparison
Portland vs. National Median
At $540,296, homes in Portland cost 32% above the national median of $410,000. Buyers in Portland should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Portland?
20% Down Payment
$108,059
on $540,296
Monthly P&I
$2,818/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,579/mo
incl. taxes & insurance
Income Needed
$143,160
gross annual (30% rule)
10% Down Option
$54,030
+ PMI applies
Loan Amount (20% dn)
$432,237
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 Portland, OR?
The median home value in Portland is $540,296 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Portland?
Over the past year, home values in Portland have decreased by 0.4%. Over five years, prices have fallen approximately 0.8%.
How much do I need to earn to buy a home in Portland?
To comfortably afford the median home price of $540,296 with a 20% down payment ($108,059) at today's rates (6.8%), you'd need a gross annual income of approximately $143,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Portland compare to the national average home price?
The national median home value is approximately $410,000. At $540,296, homes in Portland are 32% above the national average.
What metro area is Portland part of?
Portland is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.