Gresham, OR—97030
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gresham, OR
Home Price Trends — Gresham, OR
As of Oct '25, the median home price in Gresham, OR is $433,000, with a year-over-year change of -0.3%. This indicates that home prices in Gresham, OR are flat. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $433,000 | -0.3% |
| Single Family | $446,000 | -0.4% |
| Condos | $230,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $287,000 | -2.0% |
3 Bed | $435,000 | -0.7% |
4 Bed | $499,000 | -0.6% |
| 5 Bed | $530,000 | -1.5% |
% of Housing Stock
Rental Trends — Gresham, OR
As of July '25, Rentcast reports the average rent in Gresham, OR is $1,660, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Gresham, OR is studios: $1,350, 1-bedrooms: $1,360, 2-bedrooms: $1,660, 3-bedrooms: $2,390, 4-bedrooms: $2,950. The most common rental property sizes in Gresham, OR are 2-bedroom and 1-bedroom, accounting for 47.7% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,660 |
| Studio Rent | $1,340 | $1,350 |
| 1 Bed Rent | $1,400 | $1,360 |
| 2 Bed Rent | $1,600 | $1,660 |
| 3 Bed Rent | $2,350 | $2,390 |
| 4 Bed Rent | $2,950 | $2,950 |
% of Rental Stock
Property Listings — Gresham, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Gresham, OR is 58. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $415,000 | 7.0% |
Listing Count | 118 | 26.0% |
| Listings as % of Homes | 0.3% | 26.0% |
Days on Market | 58 | -6.0% |
Demographics — Gresham, OR
As of the latest ACS Survey released in 2023, Gresham, OR has a population of 38,500, which has increased by 2.9% over the past 5 years. Gresham, OR is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | 2.9% |
% Under 18 | 21.5% | -5.7% |
% Seniors | 15.8% | -2.5% |
% WFH | 11.2% | 160.5% |
% w/ College Degree | 21.3% | 2.9% |
As of the latest ACS Survey released in 2023, Gresham, OR is a predominantly white area, with 63.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Gresham, OR is hispanic, making up 20.5% of the population. Foreign-born residents account for 14.2% of the population in Gresham, OR, and this percentage has increased by 2.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.5% | -5.8% |
% Black | 3.5% | 6.1% |
% Hispanic | 20.5% | 5.1% |
% Asian | 4.1% | -2.4% |
% Foreign Born | 14.2% | 2.9% |
Mortgage and Risk — Gresham, OR
According to HUD data as of 2023, there were 575 mortgage originations in Gresham, OR, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Gresham, OR. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 575 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Gresham, OR
As of 2024, the percent of homes in Gresham, OR under the Section 8 program is 9.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Gresham, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 846 |
Total Units Section 8 | 821 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 87.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,400 | $1,710 |
| 2 Bedroom | $350 | $1,600 | $1,950 |
| 3 Bedroom | $320 | $2,350 | $2,670 |
| 4 Bedroom | $190 | $2,950 | $3,140 |
Affordability — Gresham, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $433,000 |
| Median Household Income | $61,800 |