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Portland real estate market overview
- Average Monthly Rent: $1,457
- Home Price/Value Percentage Change: -1.90%
- Median Home Value: $417,600
- Best Time To Sell a Home: June
- Affordability Index: 114
- Days To Sell a House: 61
- Job Market: Fair
- Public School Ranking: 44
Location and weather
Portland in beautiful northwestern Oregon is the state's largest city. Its south of Vancouver, Washington on the Willamette River. Portland is the center of a large urban area that includes Beaverton, Gresham and Vancouver. The famous Lewis & Clark expedition passed near Portland on the Columbia River in 1805-06.
Portland gets a lot of rain and with clouds that sometime eclipse Mt. Hood. The mountain is the highest peak in Oregon at 11,249 feet and is a part of the Cascade Mountain Range. The warm season is from late June to mid-September with an average high temperature above 76 degrees and lows in the high 50's. The cool season is from mid-November to late February with an average high temperature below 52 degrees and low in the mid 30's.
Population, job market and cost of living
Portland's population in 2018 was 653,115 with an annual growth rate of 0.69%.
The job market has increased by 0.9% over last year. The 10-year job growth is predicted to be 42.4%. The biggest employers are Health Care & Social Assistance, Professional, Scientific & Technical Services and Retail Trade. The major companies in Portland include The Standard financial services, Umpqua Bank, NWEA, and Hoffman Construction.
The cost of living is high due to the Portland real estate market and higher cost of homes. With its incredible landscape beauty giving its residents an outdoor recreation lifestyle, growth in jobs and major companies headquartered there, Portland will continue to attract those that want to work and live in the Northwest.
Portland real estate market details
- Corbett-Terwillger-Lair Hill
- Ross Island
- Forest Park
- Far Southwest