Portland, OR home prices
Typical home $539,403 · -0.2% in a year · income needed $154,400
The Portland, OR metro area ranks 60 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.2% in a year and +5.7% over five years. With 20% down at 7.11%, the typical home costs about $3,604 a month including 0.96% property tax (Multnomah County rate).
Mortgage on the typical Portland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $107,881 | $431,522 | $2,903 | $0 | $701 | $3,604 | $154,400 |
| 10% down | $53,940 | $485,463 | $3,266 | $202 | $701 | $4,169 | $178,700 |
| 5% down | $26,970 | $512,433 | $3,447 | $214 | $701 | $4,362 | $186,900 |
| 3.5% down (FHA) | $18,879 | $529,633 | $3,563 | $239 | $701 | $4,502 | $193,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.96% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Portland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Multnomah County, OR | $496,807 | +0.2% | 0.96% |
| Washington County, OR | $555,664 | -1.5% | 0.84% |
| Clark County, WA | $541,704 | +0.2% | 0.82% |
| Clackamas County, OR | $605,496 | +0.6% | 0.85% |
| Yamhill County, OR | $501,668 | -0.8% | 0.73% |
| Columbia County, OR | $444,644 | -0.6% | 0.74% |
| Skamania County, WA | $559,410 | +0.6% | 0.67% |
What can you afford in Oregon on your salary? · Oregon home prices · Salaries in Oregon
Frequently asked questions
How much is a house in Portland?
The typical home in the Portland, OR metro area is worth $539,403 (Zillow, September 2026).
What salary do you need to buy a house in Portland?
About $154,400 a year for the typical home with 20% down at 7.11%.