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  • Writer's pictureSheryl Lyons

1% INCREASE in NE PORTLAND HOME VALUES: $470k to $475k 🏡📈



NE Portland Median Home Values are $475k, representing a 1% increase from the $470k in January 2023. NE Portland Home Values ranged wildly between January 2021 and 2024, but the average annual home value growth is (2%). This is great news for NE Portland home buyers, who better act quickly to grab a good deal before the bidding wars come back into play!


The Housing Market has been rocking and rolling since mid-2020 in Portland, Oregon, and the surrounding cities of Hillsboro, Beaverton, Tigard, Lake Oswego, Milwaukie, Happy Valley, and Gresham. With mortgage interest rates ranging from under 3% to over 7%, home buyers' purchasing power went from high to low, which makes housing demand follow the same trajectory.


The average annual appreciation, or home value growth, should be approximately 4% to 6%, which is a quality return on investment. An annual appreciation of 18% is not the norm or sustainable, and negative or slower growth is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges. Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation. Real estate is a long-term investment; these highs and lows average out over the years.


See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡🙋‍♀️

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See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋

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Get Your FREE MONTHLY HOME VALUE REPORT 🏡

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NE Portland Average Annual Home Value Growth - Jan 2021 to Jan 2024

NE Portland Home Values - January 2021 to January 2024

Home Value Map - YTD 2024 - Portland, Oregon and surrounding cities

Home Value Growth Map - 2024 vs 2023 - Portland, Oregon and surrounding cities

Home Value Growth Map - 2020 to 2024 - Portland, Oregon and surrounding cities

Home Value Growth Map - 2014 vs 2024 - Portland, Oregon and surrounding cities

Home Value Growth Map - 2004 vs 2024 - Portland, Oregon and surrounding cities

Mortgage Interest Rates - 30 Yr Fixed - January 2020 to January 2024

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