Portland - OR housing market
The Portland metro has a typical home value of $539,403, down 0.2% from a year ago. Homes sell in 23 days on average, a balanced market. 32% of listings have had a price cut. Data from Zillow Research, updated monthly.
Portland housing market, October 2026
The typical Portland home is worth $539,403 as of September 2026, up 0.1% from the prior month, up 0.3% over three months, and down 0.2% from a year ago. Over the past two years values have ranged from $537,702 to $551,814.
Homes are going pending in about 23 days, slower than the 13 days seen three months earlier. There are roughly 10,242 homes for sale, 3% more than a year ago. 31.8% of listings have taken a price cut (up from 27.1% three months ago).
Typical rent is $1,803 a month, up 1.2% year over year, which puts the price-to-rent ratio at 24.9.
At this week's 7.40% mortgage rate with 20% down ($107,881), the typical Portland home costs about $3,662 a month including tax and insurance, which needs a household income of roughly $156,900 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($539,403) is the Zillow Home Value Index for the Portland - OR metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.2% over the past year. A home worth $540,484 last year is now worth roughly $539,403.
The median sale price, what homes actually close for, is $537,604. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.
Homes listed in Portland - OR sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.
About 31.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,750 new listings hit the market each month in Portland - OR. There are currently 10,242 homes for sale, up 3.4% from a year ago.
The typical monthly rent in Portland - OR is $1,803, up 1.2% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 24.9x, renting territory (#15 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,988 a month in principal and interest, $1,185 more than renting before taxes, insurance and upkeep. The two break even at a 2.93% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in OR
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Salem - OR | $447,087 | +0.4% | 34.0d |
| Eugene - OR | $452,797 | +1.0% | 19.0d |