Northwest District, Portland, OR—97210
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest District, Portland, OR
As of Oct '25, the median home price in Northwest District, Portland, OR is $678,000, with a year-over-year change of -3.5%. This indicates that home prices in Northwest District, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $678,000 | -3.5% |
| Single Family | $920,000 | -3.5% |
| Condos | $373,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $297,000 | -6.0% |
2 Bed | $544,000 | -4.7% |
3 Bed | $861,000 | -3.1% |
4 Bed | $1,096,000 | -3.8% |
| 5 Bed | $1,237,000 | -4.8% |
% of Housing Stock
Rental Trends — Northwest District, Portland, OR
As of July '25, Rentcast reports the average rent in Northwest District, Portland, OR is $1,800, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Northwest District, Portland, OR is studios: $1,120, 1-bedrooms: $1,610, 2-bedrooms: $2,300, 3-bedrooms: $3,590, 4-bedrooms: $4,900. The most common rental property sizes in Northwest District, Portland, OR are 1-bedroom and studio, accounting for 44.9% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,800 |
| Studio Rent | $1,100 | $1,120 |
| 1 Bed Rent | $1,500 | $1,610 |
| 2 Bed Rent | $2,100 | $2,300 |
| 3 Bed Rent | $3,450 | $3,590 |
| 4 Bed Rent | $4,900 | $4,900 |
% of Rental Stock
Property Listings — Northwest District, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest District, Portland, OR is 97. This is a increase of 19.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $816,000 | -1.0% |
Listing Count | 106 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 97 | 19.0% |
Demographics — Northwest District, Portland, OR
As of the latest ACS Survey released in 2023, Northwest District, Portland, OR has a population of 11,300, which has decreased by -6.0% over the past 5 years. Northwest District, Portland, OR is a less popular place for families, as children make up 8.9% of the population. The area has a highly educated workforce, with 75.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | -6.0% |
% Under 18 | 8.9% | -26.4% |
% Seniors | 16.2% | 20.0% |
% WFH | 31.7% | 286.6% |
% w/ College Degree | 75.6% | -0.9% |
As of the latest ACS Survey released in 2023, Northwest District, Portland, OR is a predominantly white area, with 77.5% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Northwest District, Portland, OR is hispanic, making up 7.0% of the population. Foreign-born residents account for 11.0% of the population in Northwest District, Portland, OR, and this percentage has increased by 13.4% 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 | 77.5% | -6.7% |
% Black | 2.5% | 0.0% |
% Hispanic | 7.0% | 4.5% |
% Asian | 5.7% | 23.9% |
% Foreign Born | 11.0% | 13.4% |
Mortgage and Risk — Northwest District, Portland, OR
According to HUD data as of 2023, there were 156 mortgage originations in Northwest District, Portland, OR, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Northwest District, Portland, OR. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 156 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 3.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Northwest District, Portland, OR
As of 2024, the percent of homes in Northwest District, Portland, OR under the Section 8 program is 3.3%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Northwest District, Portland, OR, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 149 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,500 | $1,720 |
| 2 Bedroom | -$140 | $2,100 | $1,960 |
| 3 Bedroom | -$760 | $3,450 | $2,690 |
| 4 Bedroom | -$1,740 | $4,900 | $3,160 |
Affordability — Northwest District, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.3 |
| Median Home Price | $678,000 |
| Median Household Income | $87,900 |