United States · North America · Population: 650,000
Portland is relatively affordable for homebuyers, with a slight cooling in the housing market. The city has above-average rental costs. At $480,000 average home price in United States, buyers should consider the 7.0x price-to-income ratio when planning a purchase.
| Average Home Price | $480,000 |
| Price per sqm | $4,800 |
| Price-to-Income Ratio | 7.0x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | -1.2% |
| 1-Bedroom Apartment | $1,600/mo |
| 3-Bedroom Apartment | $2,500/mo |
| Rent-to-Income Ratio | 23% |
| Median Household Income | $69,000/year |
| Years to Buy (at median income) | 7.0 years |
| Local Currency | USD |
With a price-to-income ratio of 7.0x, Portland offers reasonable opportunities for homebuyers compared to global averages. Home prices have decreased 1.2% in the past year.
Cities worldwide with home prices closest to Portland
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