Welcome to our 97231 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 97231 in Portland, OR. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MULTNOMAH 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: 97231
- City: Portland
- State: OR
- Metro Area: Portland-Vancouver-Hillsboro, OR-WA
- County Name: MULTNOMAH COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $719,514
- Average Home Price (Single Family Homes): $729,903
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -1.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,850
- Average 3 Bedroom Section 8 Rental Rates: $2,590
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 32.41
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 23.15
- Number of Units Offered in Section 8 in the County: 4440
- Number of Occupied Units in Section 8 in the County: 4192
- Percentage of Section 8 Units Occupied in the County: 94.40000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 433.31
- Total % Appreciation since 2000 (Government Data): 155.4
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -4.24%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): -5.37%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.25%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 27.42%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 106.96%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.22%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 147.85%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%