Affordability evidence
Portland, OR home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Portland, OR.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
In Portland, OR, the 2024 ACS reports a median owner-occupied home value of $581,500, median household income of $90,919, and median selected monthly owner costs of $2,559 for owners with a mortgage. For the decision at hand, together, those three reference points can nevertheless help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,559 measure combines recurring ownership expenses instead of real estate taxes alone. In practical terms, a useful affordability review starts with $581,500, $90,919, and $2,559, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Portland, OR's $581,500 median home-value estimate is above the statewide $477,600 estimate, with a reported city-to-state gap of 21.8%.