Gresham, Oregon Housing Market Prices
Gresham Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 17% below the Oregon median$336,645
-
Median rent 4% above the Oregon median$1,580
Housing Market Overview
| Metric | Gresham | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,645 | $406,603 | $248,835 |
| Price Trend (Annual %) | 6.6% | 9.4% | 7.5% |
| Median Gross Rent | $1,580 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gresham is about 17% lower than in Oregon. Rent is about 4% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Gresham, up about 6.6% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Gresham rose about 74.4% between 2015 and 2024, from $906 to $1,580. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Gresham.
Buying the median-priced home in Gresham costs roughly 17.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Gresham. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Gresham | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $336,645 | $406,603 | $248,835 |
| Median Household Income | $75,152 | $83,617 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gresham rose about 92.4%, while median household income rose about 47.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Gresham | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.4% | 58.6% | 58.5% |
| Rental Rate | 43.9% | 33.9% | 31.2% |
| Vacancy Rate | 4.7% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Gresham has a homeownership rate of 51.4%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 4.7%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Gresham | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.61 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 5.1 | 5.3 | 5.5 |
The typical housing unit in Gresham was built around 1983. On average, 2.6 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gresham, Oregon.
What is the median home price in Gresham, Oregon?
The median home price in Gresham, Oregon is $336,645, lower than the Oregon average of $406,603.
What is the average home price in Gresham, Oregon?
The typical home price in Gresham, Oregon, reported as the median sale price, is $336,645. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Gresham, Oregon?
The median gross rent in Gresham, Oregon is $1,580 per month, higher than the Oregon average of $1,525.
What was the median gross rent in Gresham in 2020?
In 2020, the median gross rent in Gresham, Oregon was $1,225 per month.
What is the price-to-rent ratio in Gresham, Oregon?
The price-to-rent ratio in Gresham, Oregon is about 17.8, meaning it would take roughly 17.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Gresham.
Are home prices or rent rising faster in Gresham, Oregon?
Both home prices and rent are rising in Gresham, up about 6.6% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gresham, Oregon?
51.4% of households in Gresham, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Gresham, Oregon?
The housing vacancy rate in Gresham, Oregon is 4.7%, lower than the Oregon average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →