Ardenwald, Milwaukie, OR—97222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ardenwald, Milwaukie, OR
As of Oct '25, the median home price in Ardenwald, Milwaukie, OR is $485,000, with a year-over-year change of -0.7%. This indicates that home prices in Ardenwald, Milwaukie, OR are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | -0.7% |
| Single Family | $490,000 | -0.6% |
| Condos | $279,000 | -7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $324,000 | -1.2% |
2 Bed | $389,000 | -0.5% |
3 Bed | $482,000 | -0.8% |
4 Bed | $572,000 | -0.3% |
| 5 Bed | $636,000 | -0.6% |
% of Housing Stock
Rental Trends — Ardenwald, Milwaukie, OR
As of July '25, Rentcast reports the average rent in Ardenwald, Milwaukie, OR is $1,780, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Ardenwald, Milwaukie, OR is studios: $1,290, 1-bedrooms: $1,470, 2-bedrooms: $1,730, 3-bedrooms: $2,780, 4-bedrooms: $3,520. The most common rental property sizes in Ardenwald, Milwaukie, OR are 2-bedroom and 1-bedroom, accounting for 50.1% and 21.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,780 |
| Studio Rent | $1,280 | $1,290 |
| 1 Bed Rent | $1,300 | $1,470 |
| 2 Bed Rent | $1,650 | $1,730 |
| 3 Bed Rent | $2,900 | $2,780 |
| 4 Bed Rent | $3,600 | $3,520 |
% of Rental Stock
Property Listings — Ardenwald, Milwaukie, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Ardenwald, Milwaukie, OR is 48. This is a increase of 6.0% 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 | $455,000 | 1.0% |
Listing Count | 104 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 48 | 6.0% |
Demographics — Ardenwald, Milwaukie, OR
As of the latest ACS Survey released in 2023, Ardenwald, Milwaukie, OR has a population of 36,600, which has remained stable by -0.9% over the past 5 years. Ardenwald, Milwaukie, OR is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | -0.9% |
% Under 18 | 17.2% | -11.8% |
% Seniors | 17.7% | 6.0% |
% WFH | 20.1% | 224.2% |
% w/ College Degree | 37.8% | 21.5% |
As of the latest ACS Survey released in 2023, Ardenwald, Milwaukie, OR is a predominantly white area, with 75.2% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Ardenwald, Milwaukie, OR is hispanic, making up 12.7% of the population. Foreign-born residents account for 6.9% of the population in Ardenwald, Milwaukie, OR, and this percentage has decreased by 6.8% 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 | 75.2% | -5.1% |
% Black | 1.4% | 27.3% |
% Hispanic | 12.7% | -3.8% |
% Asian | 2.8% | -17.6% |
% Foreign Born | 6.9% | -6.8% |
Mortgage and Risk — Ardenwald, Milwaukie, OR
According to HUD data as of 2023, there were 500 mortgage originations in Ardenwald, Milwaukie, OR, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Ardenwald, Milwaukie, OR. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 500 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Ardenwald, Milwaukie, OR
As of 2024, the percent of homes in Ardenwald, Milwaukie, OR under the Section 8 program is 8.4%. 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 units appear to be good home sizes to consider for Section 8 housing in Ardenwald, Milwaukie, OR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 695 |
Total Units Section 8 | 560 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,300 | $1,650 |
| 2 Bedroom | $230 | $1,650 | $1,880 |
| 3 Bedroom | -$320 | $2,900 | $2,580 |
| 4 Bedroom | -$570 | $3,600 | $3,030 |
Affordability — Ardenwald, Milwaukie, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $485,000 |
| Median Household Income | $77,400 |