Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$539,403−0.2% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 31% have cut their price
Income needed to buy, per year$116,931About 1.2× the local median income ($98,502): a stretch for a typical household
Days on market71 daysAbout the same pace as a year ago
Next 12 months−0.1%Zillow expects prices to stay about flat
The typical home in Portland-Vancouver-Hillsboro, OR-WA is worth $539,403, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $544,282, so the area is 0.9% undervalued. It is a buyer's market: homes take about 71 days to sell, listings are up 10% from a year ago, 31% of listings have had a price cut. Zillow expects prices to fall about 0.1% over the next year. A household needs about $116,931 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $98,502. Typical rent is $1,803 a month, or $2,694 for a house. In the latest IRS figures, 7,259 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$539,403
Change in 1 year
−0.2%
Overvalued %
−0.9%
Show 7 more
Fair home value
$544,282
Change in 5 years
+5.7%
Zillow forecast, next 12 months
−0.1%
Home value to income
5.5×
Monthly mortgage payment (20% down)
$2,923
Income needed to afford it
$116,931
Property tax rate
0.85%
Rent and investing
Typical rent
$1,803
Typical rent for houses
$2,694
Price-to-rent ratio
24.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,878
Gross rental yield
4.01%
Cap rate (estimate)
2.61%
Market activity
Listings vs a year ago
+9.6%
Days on market
71
Listings with a price cut
30.6%
Show 3 more
Homes for sale
8,835
Pending sales per 100 listings
29
Asking price per sq ft
$302
People and jobs
Median household income
$98,502
Population change (1 year)
+0.4%
Unemployment rate
5.1%
Show 4 more
Population
2,542,282
Income adjusted for cost of living
$93,455
Net moves in (IRS)
−7,259
Cost of living (US = 100)
105.4
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
94.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
92.5
Wildfire risk score
65.8
Walkability (1 to 20)
12.5
Road, rail and air noise
53 dB
Questions people ask
Is Portland-Vancouver-Hillsboro, OR-WA overvalued?
Home prices in Portland-Vancouver-Hillsboro, OR-WA are slightly below what local incomes have historically supported: fair value is about $544,282, so the area is 0.9% undervalued.
Is Portland-Vancouver-Hillsboro, OR-WA a buyer's or seller's market?
Portland-Vancouver-Hillsboro, OR-WA is a buyer's market: homes take about 71 days to sell, listings are up 10% from a year ago, 31% of listings have had a price cut.
Are home prices going down in Portland-Vancouver-Hillsboro, OR-WA?
Home values in Portland-Vancouver-Hillsboro, OR-WA are down 0.2% over the last year. Zillow's forecast for the next 12 months is −0.1%.
How much do you need to earn to buy a home in Portland-Vancouver-Hillsboro, OR-WA?
A household needs about $116,931 a year to afford the typical home in Portland-Vancouver-Hillsboro, OR-WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $98,502.