City · 641,165 residents · Multnomah County, Oregon
Portland, Oregon
In Portland, a typical home is worth $581,500 and typical rent is $1,655 a month. Compared with all of Multnomah County, the typical home value is 5% higher.
Typical home value from Zillow, September 2021 to September 2026: from $532,499 to $524,318.
Typical rent
$1,719a month
▲ 1.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,534 to $1,719.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Portland 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
What homes there are in Portland, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and other
Portland
Multnomah County
Oregon
United States
Kind of home: Portland and its comparisons
Measure
Portland
Multnomah County
Oregon
United States
Detached house
52%
53%
63%
61%
Attached house
5%
5%
5%
6%
Building of 2 to 4
8%
8%
7%
8%
Apartments (5 or more)
33%
32%
18%
19%
Mobile home
1%
2%
7%
6%
Boat, RV and other
0%
0%
0%
0%
The detached house is the most common home in Portland: 52% of homes, near the figure in Multnomah County (53%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Portland
Multnomah County
Oregon
United States
Year built: Portland and its comparisons
Measure
Portland
Multnomah County
Oregon
United States
Before 1960
45%
40%
23%
26%
1960–1979
18%
21%
26%
24%
1980–1999
13%
17%
25%
25%
2000–2009
10%
11%
14%
14%
2010 or later
13%
12%
12%
11%
Homes in Portland are older: the typical year built is 1966; in Multnomah County, 1972.
In Portland, 45% of homes have 3 bedrooms or more, about the same as in Multnomah County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K3%
$100K–$200K1%
$200K–$300K4%
$300K–$500K31%
$500K–$750K35%
FHA limit: $701,500
$750K–$1M17%
$1M or more9%
Value of owner-occupied homes: Portland and its comparisons
Measure
Portland
Under $100K
3%
$100K–$200K
1%
$200K–$300K
4%
$300K–$500K
31%
$500K–$750K
35%
$750K–$1M
17%
$1M or more
9%
By price, most homes in Portland sit under the FHA limit for Multnomah County ($701,500): about 67%.
Monthly rent with utilities
Under the limitOver the limit
Under $5004%
$500–$9999%
$1,000–$1,49927%
$1,500–$1,99931%
HUD fair market rent, 2 bedrooms: $1,878
$2,000–$2,49915%
$2,500–$2,9998%
$3,000 or more6%
Monthly rent with utilities: Portland and its comparisons
Measure
Portland
Under $500
4%
$500–$999
9%
$1,000–$1,499
27%
$1,500–$1,999
31%
$2,000–$2,499
15%
$2,500–$2,999
8%
$3,000 or more
6%
HUD's 2-bedroom fair market rent (FMR) for Multnomah County is $1,878: about 64% of rents in Portland are below it.
With a mortgage
$2,559 a month
Multnomah County: $2,470 a month
Without a mortgage
$924 a month
Multnomah County: $883 a month
Owners with a mortgage
72%
Multnomah County: 72%
Owning costs about the same in Portland as in Multnomah County: with a mortgage, $2,559 a month; without one, $924.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Portland+41%
Multnomah County+43%
Oregon+53%
United States+53%
Typical rent
Portland+33%
Multnomah County+33%
Oregon+37%
United States+33%
Typical household income
Portland+28%
Multnomah County+28%
Oregon+32%
United States+29%
Change since 2015–2019: Portland and its comparisons
Measure
Portland
Multnomah County
Oregon
United States
Typical home value
+41%
+43%
+53%
+53%
Typical rent
+33%
+33%
+37%
+33%
Typical household income
+28%
+28%
+32%
+29%
The typical home value in Portland rose 41% since 2015–2019, about the same as in Multnomah County (43%).
Rents in Portland rose at about the same pace as in Multnomah County: 33% since 2015–2019, against 33%.
Housing prices ran ahead of income in Portland: typical income rose 28%, against +41% for home values and +33% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Portland and its comparisons
Measure
Portland
Multnomah County
Oregon
United States
Rental vacancy
5.4%
5.2%
4.2%
5.5%
Homeowner vacancy
0.7%
0.7%
0.7%
0.9%
More than one person per room
2.9%
3.3%
3.2%
3.4%
People per household
2.15
2.23
2.42
2.53
Drive alone
50%
53%
65%
69%
Carpool
7%
8%
9%
9%
Public transit
6%
6%
2%
3%
Walk or bike
8%
7%
5%
3%
Work from home
29%
26%
19%
15%
Other means
2%
2%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Open rentals in Portland look like those in Multnomah County: the rental vacancy rate is 5.4%.
In Portland, 2.9% of households live with more than one person per room, about the same as in Multnomah County.
By size, households in Portland look like those in Multnomah County: 2.15 people on average.
The car rules in Portland: 50% of workers drive to work alone, and the typical trip takes 20 to 29 minutes.
Do the math
What would you pay each month for a home in Portland?
A typical home costs more than the typical income allows
We start with a typical home in Portland, worth $581,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 64% of the typical household income in Portland, which is $90,919 a year. For that payment to be 28% of income, a household would need to earn about $207,735 a year.
The calculator's FHA and conventional loan limits are those of all of Multnomah County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Portland. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $20,353 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,847
at 7.18% · 30 years
Loan amount
$570,967
Total interest
$821,488
Paid off in
November 2056
Includes $9,820 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,121 a month
Tight
$2,121 to $2,728 a month
Hard
more than $2,728 a month
Your payment · 64%
Compared with the typical household income in Portland ($90,919 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,868
Property tax
$480
Home insurance
$242
FHA mortgage insurance (MIP)
$257
You need at least $20,353 for the down payment, plus closing costs.
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.
Total monthly payment $4,847; principal and interest $3,868.
The city and its county
Portland and Multnomah County
Portland 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).
Portland
Map of Multnomah County, Oregon, with Portland marked. Around it, the neighboring counties.
Portland
Multnomah County
Other cities with a page
Portland's own numbers
Typical home value
$581,500
Typical monthly rent
$1,655
Typical yearly household income
$90,919
Households that own their home
52%
Effective property tax rate
0.99%
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.
A typical home in Portland is worth $581,500: 5% above the county and 22% above Oregon. With the typical household income in Portland ($90,919 a year), a typical home costs 6.4 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.
Portland6.4 years
Multnomah6.2 years
Oregon5.8 years
United States4.1 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.
Yearly change in FHFA’s price index in Multnomah County, 2016 to 2025
2016: +13.8% +13.8% 2016
2017: +7.3% +7.3% 2017
2018: +3.7% +3.7% 2018
2019: +1.9% +1.9% 2019
2020: +2.2% +2.2% 2020
2021: +10.8% +10.8% 2021
2022: +10.4% +10.4% 2022
2023: −2.0% −2.0% 2023
2024: +1.3% +1.3% 2024
2025: +0.3% +0.3% 2025
Change in FHFA’s price index in Multnomah County, Oregon and the United States
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
Portland 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
Portland$581,500
Multnomah$552,700
Oregon$477,600
United States$332,700
Typical monthly rent
Portland$1,655
Multnomah$1,646
Oregon$1,525
United States$1,413
Typical yearly household income
Portland$90,919
Multnomah$88,766
Oregon$83,011
United States$80,734
See the full table
Portland next to Multnomah County and Oregon
Measure
Portland
Multnomah County
Oregon
U.S.
Typical home value
$581,500 ▲5% above the county
$552,700
$477,600
$332,700
Typical monthly rent
$1,655
$1,646
$1,525
$1,413
Typical yearly household income
$90,919 ▲2% above the county
$88,766
$83,011
$80,734
Households that own their home
52% ▼1 points below the county
53%
63%
65%
Typical yearly property tax
$5,743 ▲8% above the county
$5,301
$3,876
$3,119
Effective property tax rate
0.99% ▲0.03 points above the county
0.96%
0.81%
0.94%
Renters with high rent for their income
53%
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 Portland
For a typical $581,500 home in Portland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Portland's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,847a month
Least cash to close
Down payment
$20,353
Cash to close
$37,798
Rate
7.18%
Mortgage insurance
FHA MIP · $257
Conventional, 5% down$4,741a month
Down payment
$29,075
Cash to close
$46,520
Rate
7.18%
Mortgage insurance
PMI · $276
Conventional, 20% down, no PMI$3,873a month
Down payment
$116,300
Cash to close
$133,745
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,411a month
Down payment
$87,225
Cash to close
$104,670
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Portland
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,847
$20,353
$570,968
7.18%
FHA MIP · $257
$37,798
580
Conventional, 5% down
$4,741
$29,075
$552,425
7.18%
PMI · $276
$46,520
620*
Conventional, 20% down, no PMI
$3,873
$116,300
$465,200
7.18%
None
$133,745
620*
ITIN, 15% down (example)
$4,411
$87,225
$494,275
8.18%
None
$104,670
Set by the lender
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.
Typical rent in Portland is $1,655 a month: about the same as the county. In Portland, 53% 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.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Multnomah County (Fiscal year 2027)
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 Portland
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Portland has 27 ZIP codes with their own.
For 2 bedrooms it runs from $1,730 in 97204 to $2,230 in 97217.
13 of the 27 are above the fair market rent for Multnomah County ($1,878).
2-bedroom fair market rent in each of the 27 ZIP codes of Portland, beside the one for Multnomah County. For 2 bedrooms it runs from $1,730 in 97204 to $2,230 in 97217. 13 of the 27 are above the fair market rent for Multnomah County ($1,878).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,878
Lowest: $1,730 (97204)Highest: $2,230 (97217)
Fair market rent by ZIP code and size in Portland, fiscal year 2027.
97201
$1,720
$1,840
$2,120
$2,880
$3,460
97202
$1,650
$1,770
$2,030
$2,760
$3,320
97203
$1,460
$1,570
$1,800
$2,440
$2,940
97204
$1,420
$1,510
$1,730
$2,360
$2,800
97205
$1,420
$1,510
$1,730
$2,360
$2,800
97206
$1,490
$1,590
$1,830
$2,480
$2,990
97208
$1,770
$1,900
$2,180
$2,960
$3,560
97209
$1,770
$1,900
$2,180
$2,960
$3,560
97210
$1,460
$1,570
$1,800
$2,440
$2,940
97211
$1,680
$1,800
$2,070
$2,810
$3,380
97212
$1,640
$1,760
$2,020
$2,740
$3,300
97213
$1,580
$1,690
$1,940
$2,630
$3,170
97214
$1,770
$1,900
$2,180
$2,960
$3,560
97215
$1,450
$1,550
$1,780
$2,420
$2,910
97216
$1,420
$1,510
$1,730
$2,360
$2,800
97217
$1,810
$1,940
$2,230
$3,030
$3,640
97218
$1,440
$1,540
$1,770
$2,400
$2,890
97219
$1,600
$1,710
$1,970
$2,670
$3,220
97220
$1,420
$1,510
$1,730
$2,360
$2,810
97221
$1,550
$1,660
$1,910
$2,590
$3,120
97227
$1,490
$1,590
$1,830
$2,480
$2,990
97232
$1,560
$1,670
$1,920
$2,610
$3,140
97233
$1,420
$1,510
$1,730
$2,360
$2,800
97236
$1,420
$1,510
$1,730
$2,360
$2,800
97239
$1,760
$1,880
$2,160
$2,930
$3,530
97258
$1,470
$1,570
$1,810
$2,460
$2,960
97266
$1,440
$1,540
$1,770
$2,400
$2,890
ZIP code2 bd3 bd
97201 $2,120$2,880
97202 $2,030$2,760
97203 $1,800$2,440
97204 $1,730$2,360
97205 $1,730$2,360
97206 $1,830$2,480
97208 $2,180$2,960
97209 $2,180$2,960
97210 $1,800$2,440
97211 $2,070$2,810
97212 $2,020$2,740
97213 $1,940$2,630
97214 $2,180$2,960
97215 $1,780$2,420
97216 $1,730$2,360
97217 $2,230$3,030
97218 $1,770$2,400
97219 $1,970$2,670
97220 $1,730$2,360
97221 $1,910$2,590
97227 $1,830$2,480
97232 $1,920$2,610
97233 $1,730$2,360
97236 $1,730$2,360
97239 $2,160$2,930
97258 $1,810$2,460
97266 $1,770$2,400
7 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Portland 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 253 buildings with rents for lower incomes in Portland. These are the largest.
85 Stories Group II4400 NE Broadway, Portland 97213396 low-income homes · Studio: 375 · 1 bd: 13 · 2 bd: 4 · In service since 2016 · For older adults, people with disabilities
Columbia Knoll8320 NE Sandy Blvd, Portland 97220326 low-income homes · 1 bd: 183 · 2 bd: 143 · 3 bd: 36 · In service since 2006 · For older adults, people with disabilities, families
Westmoreland Union Manor6404 SE 23rd Ave, Portland 97202301 homes, 284 low-income · For older adults(503) 233-5671
85 Stories Group I2140 NW Kearney St, Portland 97210259 low-income homes · Studio: 63 · 1 bd: 166 · 2 bd: 27 · 3 bd: 3 · In service since 2016 · For older adults, people with disabilities, families
New Columbia Trouton9126 N Woolsey Ave, Portland 97203250 low-income homes · 1 bd: 71 · 2 bd: 64 · 3 bd: 40 · 4 bd: 75 · In service since 2006 · For families
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.
No down payment, repair or rent-help program on our list is for Portland or Multnomah County. The ones below are statewide in Oregon: they work in Portland the same as in the rest of the state.
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).
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).
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).
No legal help resource on our list is for Portland or Multnomah County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Portland 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 Portland?
The typical home value in Portland is $581,500, 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 Portland?
Typical rent in Portland is $1,655 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 Portland?
Portland 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 Portland?
The typical homeowner in Portland pays $5,743 a year, according to the U.S. Census Bureau. That is 0.99% of the home’s value; in Multnomah County, the rate is 0.96%.
Where can I find free help to buy or rent in Portland?
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.
