Gresham, OR—97080
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 $512,000, with a year-over-year change of 0.9%. This indicates that home prices in Gresham, OR are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $512,000 | 0.9% |
| Single Family | $517,000 | 0.8% |
| Condos | $252,000 | -2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $235,000 | -2.5% |
2 Bed | $362,000 | 0.0% |
3 Bed | $479,000 | 0.6% |
4 Bed | $562,000 | 0.5% |
| 5 Bed | $604,000 | 0.3% |
% of Housing Stock
Rental Trends — Gresham, OR
As of July '25, Rentcast reports the average rent in Gresham, OR is $2,210, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Gresham, OR is 1-bedrooms: $1,360, 2-bedrooms: $1,710, 3-bedrooms: $2,600, 4-bedrooms: $3,160. The most common rental property sizes in Gresham, OR are 2-bedroom and 3-bedroom, accounting for 44.2% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $2,210 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,350 | $1,360 |
| 2 Bed Rent | $1,690 | $1,710 |
| 3 Bed Rent | $2,600 | $2,600 |
| 4 Bed Rent | $3,100 | $3,160 |
% 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 72. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | 0.0% |
Listing Count | 215 | 22.0% |
| Listings as % of Homes | 0.7% | 22.0% |
Days on Market | 72 | 26.0% |
Demographics — Gresham, OR
As of the latest ACS Survey released in 2023, Gresham, OR has a population of 47,500, which has increased by 6.3% over the past 5 years. Gresham, OR is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,500 | 6.3% |
% Under 18 | 23.4% | -3.7% |
% Seniors | 16.0% | 15.1% |
% WFH | 13.4% | 162.7% |
% w/ College Degree | 28.4% | 6.4% |
As of the latest ACS Survey released in 2023, Gresham, OR is a predominantly white area, with 70.0% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Gresham, OR is hispanic, making up 14.8% of the population. Foreign-born residents account for 12.2% of the population in Gresham, OR, and this percentage has increased by 20.8% 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 | 70.0% | -8.5% |
% Black | 1.8% | -14.3% |
% Hispanic | 14.8% | 18.4% |
% Asian | 5.8% | 107.1% |
% Foreign Born | 12.2% | 20.8% |
Mortgage and Risk — Gresham, OR
According to HUD data as of 2023, there were 881 mortgage originations in Gresham, OR, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Gresham, OR. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 881 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gresham, OR
As of 2024, the percent of homes in Gresham, OR under the Section 8 program is 5.2%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gresham, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 253 |
Total Units Section 8 | 253 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,350 | $1,660 |
| 2 Bedroom | $210 | $1,690 | $1,900 |
| 3 Bedroom | $10 | $2,600 | $2,610 |
| 4 Bedroom | -$40 | $3,100 | $3,060 |
Affordability — Gresham, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $512,000 |
| Median Household Income | $96,200 |