Multnomah County, OR Average Home Price (2026)
The average home price in Multnomah County, Oregon is about $501,000 (the 2026 median across 32 ZIP codes, at ~$310/sq ft) — 9% more expensive than the Oregon median and 73% more expensive than the typical U.S. home.
How Multnomah County compares
Multnomah County is relatively expensive for housing nationally: its typical home costs $501,000 against $459,500 for Oregon and $289,000 for the U.S. Within the county, ZIP-level values run from about $342,000 to $784,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Multnomah County | $501,000 | $310 |
| Oregon | $459,500 | $294 |
| United States | $289,000 | $193 |
Cities in Multnomah County
Cities with their own home-value page, largest first:
Multnomah County home prices by ZIP code
The 15 most valuable ZIP codes in Multnomah County (of 32 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 97212 Portland | $784,000 | $326 | +56% |
| 97221 Portland | $746,000 | $328 | +49% |
| 97231 Portland | $687,000 | $288 | +37% |
| 97210 Portland | $683,000 | $404 | +36% |
| 97214 Portland | $672,000 | $336 | +34% |
| 97232 Portland | $654,000 | $336 | +31% |
| 97215 Portland | $646,000 | $338 | +29% |
| 97019 Corbett | $641,000 | $289 | +28% |
| 97219 Portland | $627,000 | $326 | +25% |
| 97202 Portland | $622,000 | $348 | +24% |
| 97239 Portland | $590,000 | $334 | +18% |
| 97211 Portland | $557,000 | $315 | +11% |
| 97204 Portland | $549,000 | $289 | +10% |
| 97227 Portland | $549,000 | $314 | +10% |
| 97213 Portland | $546,000 | $320 | +9% |
Home value appreciation in Multnomah County
Home prices in Multnomah County have risen about 61% over the last 10 years (≈4.9% a year) and +110.9% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +0.3% — roughly flat. A home worth $501,000 today was worth roughly $311,761 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Oregon is +85.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Multnomah County
Run the numbers for Multnomah County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Multnomah County
To buy the typical $501,000 home in Multnomah County with 20% down, you need a household income of roughly $136,000 a year (about $3,180 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $162,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $25,100 | $3,950/mo | $169,000/yr |
| 10% (+PMI) | $50,100 | $3,780/mo | $162,000/yr |
| 20% | $100,200 | $3,180/mo | $136,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Multnomah County
At about $310 per square foot, here is roughly how much home different budgets get you in Multnomah County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $250k | 810 sq ft | below the local median — condos, smaller or older homes |
| $300k | 970 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1290 sq ft | below the local median — condos, smaller or older homes |
| $500k | 1610 sq ft | around the typical home here |
| $600k | 1940 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Oregon.
Estimate a specific home in Multnomah County
Enter your ZIP and size for an instant estimate tailored to your exact area:
Multnomah County home prices: frequently asked
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Browse all Oregon cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.