Mount Tabor, Portland, OR—97215
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Tabor, Portland, OR
As of Oct '25, the median home price in Mount Tabor, Portland, OR is $627,000, with a year-over-year change of 0.5%. This indicates that home prices in Mount Tabor, Portland, 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 | $627,000 | 0.5% |
| Single Family | $637,000 | 0.8% |
| Condos | $367,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $392,000 | -0.5% |
2 Bed | $505,000 | 1.0% |
3 Bed | $639,000 | 0.3% |
4 Bed | $753,000 | 0.4% |
| 5 Bed | $817,000 | 0.0% |
% of Housing Stock
Rental Trends — Mount Tabor, Portland, OR
As of July '25, Rentcast reports the average rent in Mount Tabor, Portland, OR is $1,820, with a year-over-year rent change of -12.9%. Per bedroom, the median rent as of July '25 in Mount Tabor, Portland, OR is studios: $1,070, 1-bedrooms: $1,450, 2-bedrooms: $1,800, 3-bedrooms: $3,200, 4-bedrooms: $3,500. The most common rental property sizes in Mount Tabor, Portland, OR are 2-bedroom and 1-bedroom, accounting for 44.0% and 23.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,820 |
| Studio Rent | $1,200 | $1,070 |
| 1 Bed Rent | $1,500 | $1,450 |
| 2 Bed Rent | $1,700 | $1,800 |
| 3 Bed Rent | $3,000 | $3,200 |
| 4 Bed Rent | $3,500 | $3,500 |
% of Rental Stock
Property Listings — Mount Tabor, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Tabor, Portland, OR is 66. This is a increase of 31.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $720,000 | -9.0% |
Listing Count | 44 | -28.0% |
| Listings as % of Homes | 0.5% | -28.0% |
Days on Market | 66 | 31.0% |
Demographics — Mount Tabor, Portland, OR
As of the latest ACS Survey released in 2023, Mount Tabor, Portland, OR has a population of 17,800, which has decreased by -4.4% over the past 5 years. Mount Tabor, Portland, OR is a moderately popular place for families, as children make up 16.6% of the population. The area has a highly educated workforce, with 64.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,800 | -4.4% |
% Under 18 | 16.6% | 5.1% |
% Seniors | 13.9% | 3.7% |
% WFH | 33.6% | 220.0% |
% w/ College Degree | 64.1% | 9.0% |
As of the latest ACS Survey released in 2023, Mount Tabor, Portland, OR is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Mount Tabor, Portland, OR is asian, making up 7.1% of the population. Foreign-born residents account for 8.0% of the population in Mount Tabor, Portland, OR, and this percentage has increased by 21.2% 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 | 78.9% | -4.7% |
% Black | 1.5% | 66.7% |
% Hispanic | 6.6% | -14.3% |
% Asian | 7.1% | 73.2% |
% Foreign Born | 8.0% | 21.2% |
Mortgage and Risk — Mount Tabor, Portland, OR
According to HUD data as of 2023, there were 295 mortgage originations in Mount Tabor, Portland, OR, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Tabor, Portland, OR. Investor activity is low, as 2.0% 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 | 295 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Mount Tabor, Portland, OR
As of 2024, the percent of homes in Mount Tabor, Portland, OR under the Section 8 program is 2.5%. 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 units appear to be good home sizes to consider for Section 8 housing in Mount Tabor, Portland, OR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 103 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 2.5% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,500 | $1,670 |
| 2 Bedroom | $210 | $1,700 | $1,910 |
| 3 Bedroom | -$380 | $3,000 | $2,620 |
| 4 Bedroom | -$420 | $3,500 | $3,080 |
Affordability — Mount Tabor, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $627,000 |
| Median Household Income | $114,000 |