Pearl District, Portland, OR—97209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearl District, Portland, OR
As of Oct '25, the median home price in Pearl District, Portland, OR is $365,000, with a year-over-year change of -6.9%. This indicates that home prices in Pearl District, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $365,000 | -6.9% |
| Single Family | $660,000 | -5.6% |
| Condos | $348,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | -7.2% |
2 Bed | $590,000 | -6.2% |
3 Bed | $800,000 | -4.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pearl District, Portland, OR
As of July '25, Rentcast reports the average rent in Pearl District, Portland, OR is $1,590, with a year-over-year rent change of -17.6%. Per bedroom, the median rent as of July '25 in Pearl District, Portland, OR is studios: $1,260, 1-bedrooms: $1,670, 2-bedrooms: $2,760, 3-bedrooms: $2,840. The most common rental property sizes in Pearl District, Portland, OR are 1-bedroom and studio, accounting for 47.2% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,590 |
| Studio Rent | $1,150 | $1,260 |
| 1 Bed Rent | $1,530 | $1,670 |
| 2 Bed Rent | $2,380 | $2,760 |
| 3 Bed Rent | $2,500 | $2,840 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pearl District, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Pearl District, Portland, OR is 114. This is a increase of 16.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | -3.0% |
Listing Count | 256 | 5.0% |
| Listings as % of Homes | 0.8% | 5.0% |
Days on Market | 114 | 16.0% |
Demographics — Pearl District, Portland, OR
As of the latest ACS Survey released in 2023, Pearl District, Portland, OR has a population of 21,700, which has increased by 23.6% over the past 5 years. Pearl District, Portland, OR is a less popular place for families, as children make up 3.0% of the population. The area has a highly educated workforce, with 66.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,700 | 23.6% |
% Under 18 | 3.0% | -11.8% |
% Seniors | 15.1% | -5.6% |
% WFH | 31.2% | 178.6% |
% w/ College Degree | 66.3% | -2.8% |
As of the latest ACS Survey released in 2023, Pearl District, Portland, OR is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Pearl District, Portland, OR is hispanic, making up 8.3% of the population. Foreign-born residents account for 13.3% of the population in Pearl District, Portland, OR, and this percentage has increased by 9.9% 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 | 71.8% | -6.0% |
% Black | 5.2% | 15.6% |
% Hispanic | 8.3% | 2.5% |
% Asian | 8.2% | 51.9% |
% Foreign Born | 13.3% | 9.9% |
Mortgage and Risk — Pearl District, Portland, OR
According to HUD data as of 2023, there were 141 mortgage originations in Pearl District, Portland, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Pearl District, Portland, OR. Investor activity is low, as 3.0% 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 | 141 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Pearl District, Portland, OR
Pearl District, Portland, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,591 |
Total Units Section 8 | 1,589 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,530 | $2,090 |
| 2 Bedroom | $10 | $2,380 | $2,390 |
| 3 Bedroom | $780 | $2,500 | $3,280 |
| 4 Bedroom | N/A | N/A | $3,850 |
Affordability — Pearl District, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $365,000 |
| Median Household Income | $84,100 |