Bridlemile, Portland, OR—97221
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bridlemile, Portland, OR
As of Oct '25, the median home price in Bridlemile, Portland, OR is $746,000, with a year-over-year change of -0.9%. This indicates that home prices in Bridlemile, 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 | $746,000 | -0.9% |
| Single Family | $756,000 | -1.2% |
| Condos | $315,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $487,000 | -2.4% |
3 Bed | $663,000 | -1.5% |
4 Bed | $869,000 | -1.0% |
| 5 Bed | $1,008,000 | -2.0% |
% of Housing Stock
Rental Trends — Bridlemile, Portland, OR
As of July '25, Rentcast reports the average rent in Bridlemile, Portland, OR is $2,230, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Bridlemile, Portland, OR is studios: $1,200, 1-bedrooms: $1,460, 2-bedrooms: $1,610, 3-bedrooms: $3,310, 4-bedrooms: $5,360. The most common rental property sizes in Bridlemile, Portland, OR are 1-bedroom and 2-bedroom, accounting for 30.0% and 29.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $2,230 |
| Studio Rent | $1,200 | $1,200 |
| 1 Bed Rent | $1,240 | $1,460 |
| 2 Bed Rent | $1,580 | $1,610 |
| 3 Bed Rent | $2,800 | $3,310 |
| 4 Bed Rent | $5,650 | $5,360 |
% of Rental Stock
Property Listings — Bridlemile, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Bridlemile, Portland, OR is 97. This is a increase of 45.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $894,000 | -12.0% |
Listing Count | 71 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 97 | 45.0% |
Demographics — Bridlemile, Portland, OR
As of the latest ACS Survey released in 2023, Bridlemile, Portland, OR has a population of 13,100, which has increased by 6.4% over the past 5 years. Bridlemile, Portland, OR is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 78.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,100 | 6.4% |
% Under 18 | 23.3% | 5.4% |
% Seniors | 19.4% | 7.8% |
% WFH | 31.9% | 190.0% |
% w/ College Degree | 78.2% | 11.2% |
As of the latest ACS Survey released in 2023, Bridlemile, Portland, OR is a predominantly white area, with 77.3% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Bridlemile, Portland, OR is asian, making up 6.5% of the population. Foreign-born residents account for 9.8% of the population in Bridlemile, Portland, OR, and this percentage has increased by 5.4% 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 | 77.3% | -7.1% |
% Black | 0.9% | -70.0% |
% Hispanic | 4.9% | 2.1% |
% Asian | 6.5% | 47.7% |
% Foreign Born | 9.8% | 5.4% |
Mortgage and Risk — Bridlemile, Portland, OR
According to HUD data as of 2023, there were 217 mortgage originations in Bridlemile, Portland, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Bridlemile, Portland, OR. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 217 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Bridlemile, Portland, OR
As of 2024, the percent of homes in Bridlemile, Portland, OR under the Section 8 program is 3.7%. 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 Bridlemile, Portland, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 162 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 3.7% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $570 | $1,240 | $1,810 |
| 2 Bedroom | $490 | $1,580 | $2,070 |
| 3 Bedroom | $40 | $2,800 | $2,840 |
| 4 Bedroom | -$2,320 | $5,650 | $3,330 |
Affordability — Bridlemile, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $746,000 |
| Median Household Income | $146,000 |