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City · 112,378 residents · Multnomah County, Oregon

Gresham , Oregon

In Gresham, a typical home is worth $458,700 and typical rent is $1,586 a month. Compared with all of Multnomah County, the typical home value is 17% lower and typical household income is 12% lower.

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  • Typical home value

    $458,700

    17% below the county

    4% below Oregon

    • Gresham
    • Multnomah
    • Oregon

  • Typical rent

    $1,586a month

    4% below the county

    4% above Oregon

    • Gresham
    • Multnomah
    • Oregon

  • Typical household income

    $77,795a year

    12% below the county

    6% below Oregon

    • Gresham
    • Multnomah
    • Oregon

  • Households that own their home

    56%

    2 points above the county

    8 points below Oregon

    • Gresham
    • Multnomah
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$462,189
0.5% less than 12 months ago
Typical rent
$1,601 a month
about the same as 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Gresham is in Multnomah County. The FHA loan limit ($701,500 for a one-unit home), the fair market rents and the help on this page are those of all of Multnomah County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Gresham apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Gresham is worth $458,700, 17% less than in Multnomah County as a whole ($552,700).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Gresham

What homes there are in Gresham, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Gresham: 53% of homes, near the figure in Multnomah County (53%).

Year built

The typical home in Gresham was built in 1981, 9 years after the typical one in Multnomah County.

Homes in Gresham are bigger: 57% have 3 bedrooms or more; in Multnomah County, 47%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Gresham sit under the FHA limit for Multnomah County ($701,500): about 91%.

Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Multnomah County is $1,878; about 75% of rents in Gresham are below it.

With a mortgage

$2,173 a month

Multnomah County: $2,470 a month

Without a mortgage

$765 a month

Multnomah County: $883 a month

Owners with a mortgage

72%

Multnomah County: 72%

In Gresham, 72% of owners have a mortgage, and their typical cost is $2,173 a month, against $2,470 in Multnomah County. Without one it drops to $765.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Gresham gained value faster than in Multnomah County: 59% against 43%.

The typical rent in Gresham rose 35% since 2015–2019, about the same as in Multnomah County (33%).

While home values in Gresham changed +59% and rent +35%, the typical household income rose 44%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGreshamMultnomah CountyOregonUnited States
Rental vacancy 5.0%5.2%4.2%5.5%
Homeowner vacancy Unreliable estimate0.7%0.7%0.9%
More than one person per room 5.3%3.3%3.2%3.4%
People per household 2.642.232.422.53
Drive alone 67%53%65%69%
Carpool 12%8%9%9%
Public transit 4%6%2%3%
Walk or bike 3%7%5%3%
Work from home 13%26%19%15%
Other means 1%2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Gresham look like those in Multnomah County: the rental vacancy rate is 5.0%.

More households are short on space in Gresham: 5.3% have more than one person per room; in Multnomah County, 3.3%.

More people live in each home here: 2.64 on average, against 2.23 in Multnomah County.

More people carpool to work in Gresham than in Multnomah County: 12% against 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Gresham?

A typical home costs more than the typical income allows

We start with a typical home in Gresham, worth $458,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 59% of the typical household income in Gresham, which is $77,795 a year. For that payment to be 28% of income, a household would need to earn about $162,556 a year.

The calculator's FHA and conventional loan limits are those of all of Multnomah County.

Your numbers

Local data
$

Starts at the typical home value in Gresham. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $16,055 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,793

at 7.18% · 30 years

Loan amount
$450,391
Total interest
$648,007
Paid off in
November 2056

Includes $7,746 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,815 a month

  • Tight

    $1,815 to $2,334 a month

  • Hard

    more than $2,334 a month

    Your payment · 59%

Compared with the typical household income in Gresham ($77,795 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,793
Principal & interest$3,051
Property tax$348
Home insurance$191
FHA mortgage insurance (MIP)$203

You need at least $16,055 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Gresham and Multnomah County

Gresham is in Multnomah County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Gresham's own numbers

Typical home value
$458,700
Typical monthly rent
$1,586
Typical yearly household income
$77,795
Households that own their home
56%
Effective property tax rate
0.91%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Multnomah County

FHA limit, one-unit home
$701,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,878
Price change over 5 years (FHFA)
+22%
Homes in a high flood-risk zone
0.1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Multnomah County.

Everything about Multnomah County

Buying

Buying a home in Gresham

A typical home in Gresham is worth $458,700: 17% below the county and 4% below Oregon. With the typical household income in Gresham ($77,795 a year), a typical home costs 5.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Gresham 5.9 years
  • Multnomah 6.2 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Multnomah County

According to FHFA’s house price index, home prices in Multnomah County rose 61% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Multnomah County.

Period County Oregon U.S.
Last year (2025) +0.3% +0.9% +2.9%
5 years (2020–2025) +22% +35% +47%
10 years (2015–2025) +61% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Gresham next to Multnomah County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Gresham $458,700
  • Multnomah $552,700
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Gresham $1,586
  • Multnomah $1,646
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Gresham $77,795
  • Multnomah $88,766
  • Oregon $83,011
  • United States $80,734
See the full table
Gresham next to Multnomah County and Oregon
Measure Gresham Multnomah County Oregon U.S.
Typical home value $458,700 $552,700 $477,600 $332,700
Typical monthly rent $1,586 $1,646 $1,525 $1,413
Typical yearly household income $77,795 $88,766 $83,011 $80,734
Households that own their home 56% 53% 63% 65%
Typical yearly property tax $4,174 $5,301 $3,876 $3,119
Effective property tax rate 0.91% 0.96% 0.81% 0.94%
Renters with high rent for their income 59% 53% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Multnomah County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Gresham

For a typical $458,700 home in Gresham, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Gresham's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,793a month

    Least cash to close
    Down payment
    $16,055
    Cash to close
    $29,816
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $203

  • Conventional, 5% down $3,709a month

    Down payment
    $22,935
    Cash to close
    $36,696
    Rate
    7.18%
    Mortgage insurance
    PMI · $218

  • Conventional, 20% down, no PMI $3,025a month

    Down payment
    $91,740
    Cash to close
    $105,501
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,449a month

    Down payment
    $68,805
    Cash to close
    $82,566
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Gresham and for Multnomah County.

Property tax

Effective rate in Gresham

0.91%of the home’s value each year

$4,174 a year for the typical owner in Gresham.

  • Gresham 0.91%
  • Multnomah 0.96%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Multnomah County

FEMA does not publish these numbers by city: they are for all of Multnomah County.

Homes in the high-risk zone
0.1%
209
Of those, with NFIP insurance
—
County Oregon U.S.
Homes in the high-risk zone 0.1% 2.8% 3.5%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Gresham

Typical rent in Gresham is $1,586 a month: 4% below the county. In Gresham, 59% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Multnomah County, by unit size. To pay the 2-bedroom one ($1,878 a month) without spending more than 30% of your income, you would need to earn $36.12 an hour working full time.

HUD fair market rent for all of Multnomah County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,527 $29.37 $61,080
1 bedroom $1,633 $31.40 $65,320
2 bedrooms $1,878 $36.12 $75,120
3 bedrooms $2,550 $49.04 $102,000
4 bedrooms $3,069 $59.02 $122,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Gresham

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Gresham has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,750 in 97230 to $1,880 in 97030.

1 of the 3 is above the fair market rent for Multnomah County ($1,878).

  • 97030 $1,880$2,550
  • 97080 $1,790$2,430
  • 97230 $1,750$2,380

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Gresham when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Gresham

HUD lists 14 buildings with rents for lower incomes in Gresham. These are the largest.

  • Gresham Station Apts 1957 NW Florence Ave, Gresham 97030 253 low-income homes · Studio: 3 · 1 bd: 155 · 2 bd: 95 · In service since 2005 · For older adults, families
  • Berry Ridge Apts 2711 W Powell Blvd, Gresham 97030 248 low-income homes · 1 bd: 120 · 2 bd: 128 · In service since 1998 · For families
  • Bristol Woods Phases I & II 1201 NE 8th St, Gresham 97030 240 low-income homes · 2 bd: 144 · 3 bd: 96 · In service since 1993 · For families
  • East Fair Terrace - Oregon 1 500 NW Division St, Gresham 97030 100 low-income homes · 1 bd: 94 · 2 bd: 6 · In service since 2004 · For older adults (503) 661-3001
  • Powell Vista Manor 4125 SE 182nd Ave, Gresham 97030 71 homes, 70 low-income · For older adults (503) 661-4633

See all 272 buildings in Multnomah County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Gresham

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 5 HUD-approved agencies with an office in Multnomah County; 4 say they serve in Spanish.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Gresham

No down payment, repair or rent-help program on our list is for Gresham or Multnomah County. The ones below are statewide in Oregon: they work in Gresham the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Gresham

The HUD-approved agencies closest to the center of Gresham, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Hacienda Community Development Corporation

    6700 NE Killingsworth St, Portland · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 3 more
    (503) 961-6432

  • Native American Youth and Family Center

    5135 NE Columbia Blvd, Portland · 9 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (503) 288-8177

  • Portland Housing Center DBA Arrive

    3233 NE Sandy Blvd, Portland · 9 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (503) 282-7744

Every agency in Multnomah County All counseling agencies in Oregon

Help in Spanish near Gresham

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Gresham

In HUD’s record, no housing authority with an office in Multnomah County is named for Gresham or Multnomah County.

One other authority has an office in Multnomah County: see the list Source: HUD

Cities

Other cities in Multnomah County

These cities are also in Multnomah County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Multnomah County Housing in Oregon

Nearby cities

The cities closest to Gresham, with the typical home value.

Neighboring counties

If Multnomah County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Gresham.

All guides
A father and mother walk their son by the hand down the sidewalk.

Questions

Housing questions about Gresham

Short answers with the numbers for Gresham and all of Multnomah County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Gresham?

The typical home value in Gresham is $458,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Multnomah County it is $552,700.

How much does it cost to rent in Gresham?

Typical rent in Gresham is $1,586 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Multnomah County is $1,878.

What is the FHA loan limit in Gresham?

Gresham uses the FHA limit for all of Multnomah County (2026): $701,500 for a one-unit home and $1,349,050 for a four-unit home.

How much property tax do owners pay in Gresham?

The typical homeowner in Gresham pays $4,174 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Multnomah County, the rate is 0.96%.

Where can I find free help to buy or rent in Gresham?

There are 5 HUD-approved counseling agencies with an office in Multnomah County. 4 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).