Welcome to our 97229 real estate data hub, tailored for investors in Portland, OR. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 97229 in Portland, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in WASHINGTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Portland, OR real estate investing. Uncover the wealth of information available, and position yourself for success in the Portland property market.
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Location Overview
- Zip Code: 97229
- City: Portland
- State: OR
- Metro Area: Portland-Vancouver-Hillsboro, OR-WA
- County Name: WASHINGTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $750,803
- Average Home Price (Single Family Homes): $778,201
- Average Monthly Rental Price (All Types): $2,255
- Price-to-Rent Ratio: 28
- Zillow Projected % appreciation from 4/2023-4/2024: -0.9%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $2,100
- Average 3 Bedroom Section 8 Rental Rates: $2,940
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 29.79
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 21.28
- Number of Units Offered in Section 8 in the County: 926
- Number of Occupied Units in Section 8 in the County: 876
- Percentage of Section 8 Units Occupied in the County: 94.59999847%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 379.61
- Total % Appreciation since 2000 (Government Data): 182.46
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.01%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.54%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 25.13%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.94%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 84.31%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 60.79%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 143.6%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.09%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 5.73%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 25.13%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 32.68%