Milwaukie, Oregon Housing Market Prices
Milwaukie 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.
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Median home price 37% above the Oregon median$558,712
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Median rent 7% above the Oregon median$1,629
Housing Market Overview
| Metric | Milwaukie | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $558,712 | $406,603 | $248,835 |
| Price Trend (Annual %) | 190.5% | 9.4% | 7.5% |
| Median Gross Rent | $1,629 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Milwaukie is about 37% higher than in Oregon. Rent is about 7% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Milwaukie, up about 190.5% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Milwaukie rose about 73.8% between 2015 and 2024, from $937 to $1,629. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 6.3 yearly household incomes in Milwaukie.
Buying the median-priced home in Milwaukie costs roughly 28.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Milwaukie. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Milwaukie | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $558,712 | $406,603 | $248,835 |
| Median Household Income | $88,776 | $83,617 | $80,455 |
| Price-to-Income Ratio | 6.3 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2024, the median home price in Milwaukie rose about 106.8%, while median household income rose about 58.9% 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 | Milwaukie | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 58.6% | 58.5% |
| Rental Rate | 39.1% | 33.9% | 31.2% |
| Vacancy Rate | 4.5% | 7.5% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Milwaukie has a homeownership rate of 56.3%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 4.5%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Milwaukie | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1968 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Milwaukie was built around 1968. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Milwaukie, Oregon.
What is the median home price in Milwaukie, Oregon?
The median home price in Milwaukie, Oregon is $558,712, higher than the Oregon average of $406,603.
What is the average home price in Milwaukie, Oregon?
The typical home price in Milwaukie, Oregon, reported as the median sale price, is $558,712. 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 Milwaukie, Oregon?
The median gross rent in Milwaukie, Oregon is $1,629 per month, higher than the Oregon average of $1,525.
What was the median gross rent in Milwaukie in 2020?
In 2020, the median gross rent in Milwaukie, Oregon was $1,237 per month.
What is the price-to-rent ratio in Milwaukie, Oregon?
The price-to-rent ratio in Milwaukie, Oregon is about 28.6, meaning it would take roughly 28.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Milwaukie.
Are home prices or rent rising faster in Milwaukie, Oregon?
Both home prices and rent are rising in Milwaukie, up about 190.5% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Milwaukie, Oregon?
56.3% of households in Milwaukie, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Milwaukie, Oregon?
The housing vacancy rate in Milwaukie, Oregon is 4.5%, lower than the Oregon average of 7.5%.
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