Corbett-Terwilliger-Lair Hill, Portland, OR—97201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Corbett-Terwilliger-Lair Hill, Portland, OR
As of Oct '25, the median home price in Corbett-Terwilliger-Lair Hill, Portland, OR is $440,000, with a year-over-year change of -5.6%. This indicates that home prices in Corbett-Terwilliger-Lair Hill, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $440,000 | -5.6% |
| Single Family | $819,000 | -1.6% |
| Condos | $317,000 | -9.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $254,000 | -7.6% |
2 Bed | $426,000 | -6.0% |
3 Bed | $779,000 | -3.0% |
4 Bed | $1,080,000 | -1.6% |
| 5 Bed | $1,330,000 | -2.7% |
% of Housing Stock
Rental Trends — Corbett-Terwilliger-Lair Hill, Portland, OR
As of July '25, Rentcast reports the average rent in Corbett-Terwilliger-Lair Hill, Portland, OR is $1,940, with a year-over-year rent change of -0.5%. Per bedroom, the median rent as of July '25 in Corbett-Terwilliger-Lair Hill, Portland, OR is studios: $1,090, 1-bedrooms: $1,380, 2-bedrooms: $2,080, 3-bedrooms: $3,740, 4-bedrooms: $4,620. The most common rental property sizes in Corbett-Terwilliger-Lair Hill, Portland, OR are 1-bedroom and studio, accounting for 45.6% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,940 |
| Studio Rent | $1,050 | $1,090 |
| 1 Bed Rent | $1,400 | $1,380 |
| 2 Bed Rent | $2,000 | $2,080 |
| 3 Bed Rent | $3,000 | $3,740 |
| 4 Bed Rent | $4,500 | $4,620 |
% of Rental Stock
Property Listings — Corbett-Terwilliger-Lair Hill, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Corbett-Terwilliger-Lair Hill, Portland, OR is 107. This is a increase of 20.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $385,000 | -29.0% |
Listing Count | 144 | -6.0% |
| Listings as % of Homes | 0.7% | -6.0% |
Days on Market | 107 | 20.0% |
Demographics — Corbett-Terwilliger-Lair Hill, Portland, OR
As of the latest ACS Survey released in 2023, Corbett-Terwilliger-Lair Hill, Portland, OR has a population of 17,200, which has decreased by -5.0% over the past 5 years. Corbett-Terwilliger-Lair Hill, Portland, OR is a less popular place for families, as children make up 7.4% of the population. The area has a highly educated workforce, with 66.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | -5.0% |
% Under 18 | 7.4% | 2.8% |
% Seniors | 16.1% | 8.1% |
% WFH | 25.3% | 208.5% |
% w/ College Degree | 66.6% | -2.6% |
As of the latest ACS Survey released in 2023, Corbett-Terwilliger-Lair Hill, Portland, OR is a predominantly white area, with 67.8% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Corbett-Terwilliger-Lair Hill, Portland, OR is asian, making up 11.9% of the population. Foreign-born residents account for 15.6% of the population in Corbett-Terwilliger-Lair Hill, Portland, OR, and this percentage has decreased by 8.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.8% | -5.2% |
% Black | 4.1% | 28.1% |
% Hispanic | 8.7% | 19.2% |
% Asian | 11.9% | 0.8% |
% Foreign Born | 15.6% | -8.2% |
Mortgage and Risk — Corbett-Terwilliger-Lair Hill, Portland, OR
According to HUD data as of 2023, there were 121 mortgage originations in Corbett-Terwilliger-Lair Hill, Portland, OR, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Corbett-Terwilliger-Lair Hill, Portland, OR. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Corbett-Terwilliger-Lair Hill, Portland, OR
As of 2024, the percent of homes in Corbett-Terwilliger-Lair Hill, Portland, OR under the Section 8 program is 9.4%. 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 Corbett-Terwilliger-Lair Hill, Portland, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 655 |
Total Units Section 8 | 655 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $690 | $1,400 | $2,090 |
| 2 Bedroom | $380 | $2,000 | $2,380 |
| 3 Bedroom | $260 | $3,000 | $3,260 |
| 4 Bedroom | -$670 | $4,500 | $3,830 |
Affordability — Corbett-Terwilliger-Lair Hill, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $440,000 |
| Median Household Income | $67,100 |