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  • Writer's pictureSheryl Lyons

HOW SLOWER HOME VALUE GROWTH CAN BE GOOD for Portland, Oregon & the surrounding cities! 📈🏡 📉



How slower home value growth can be good for Portland, Oregon & the surrounding cities. As of August 2023, only Lake Oswego, Tigard, Milwaukie, Gresham, and NW Portland have risen above the negative in year-on-year home value. The Housing Market has been rocking and rolling the previous few years, and the current negative appreciation in 7 out of the 12 locations is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges.


Home Value Growth Map - 2023 - Portland, OR & surrounding cities

Home Value Map - August 2023 - Portland, OR & surrounding cities

Home Value Growth Map - YTD August 2023 - Portland, OR & surrounding cities

The average annual appreciation, or home value growth, should be approximately 4% to 6%. An annual appreciation of 20% is not the norm or sustainable, and negative growth brings the average appreciation back within the benchmark. Let's prove this theory by looking at our appreciation maps.


In 2023, all locations but NW Portland, Lake Oswego and Tigard are below the benchmark.

Home Value Growth Map - 2023 - Portland, OR & surrounding cities

The 5-year average shows all locations within or above the benchmark.

Home Value Growth Map - 2019 to 2023 - Portland, OR & surrounding cities

The 10-year average shows all locations within or above the benchmark.

Home Value Growth Map - 2013 to 2023 - Portland, OR & surrounding cities

And the 20-year average shows all locations within the benchmark.

Home Value Growth Map - 2003 to 2023 - Portland, OR & surrounding cities

Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation.


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This will be an interesting trend to watch for the remainder of 2023.

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