Eliot, Portland, OR—97227
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Eliot, Portland, OR
As of Oct '25, the median home price in Eliot, Portland, OR is $555,000, with a year-over-year change of -2.1%. This indicates that home prices in Eliot, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $555,000 | -2.1% |
| Single Family | $581,000 | -2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $452,000 | -5.0% |
3 Bed | $579,000 | -2.7% |
4 Bed | $694,000 | -1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Eliot, Portland, OR
As of July '25, Rentcast reports the average rent in Eliot, Portland, OR is $1,740, with a year-over-year rent change of -9.4%. Per bedroom, the median rent as of July '25 in Eliot, Portland, OR is studios: $1,160, 1-bedrooms: $1,400, 2-bedrooms: $2,480, 3-bedrooms: $3,630, 4-bedrooms: $3,300. The most common rental property sizes in Eliot, Portland, OR are studio and 1-bedroom, accounting for 43.7% and 27.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,740 |
| Studio Rent | $1,140 | $1,160 |
| 1 Bed Rent | $1,420 | $1,400 |
| 2 Bed Rent | $2,400 | $2,480 |
| 3 Bed Rent | $2,300 | $3,630 |
| 4 Bed Rent | $3,300 | $3,300 |
% of Rental Stock
Property Listings — Eliot, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Eliot, Portland, OR is 67. This is a increase of 13.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -21.0% |
Listing Count | 19 | -25.0% |
| Listings as % of Homes | 0.5% | -25.0% |
Days on Market | 67 | 13.0% |
Demographics — Eliot, Portland, OR
As of the latest ACS Survey released in 2023, Eliot, Portland, OR has a population of 6,380, which has increased by 34.0% over the past 5 years. Eliot, Portland, OR is a less popular place for families, as children make up 6.4% of the population. The area has a highly educated workforce, with 60.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,380 | 34.0% |
% Under 18 | 6.4% | -43.4% |
% Seniors | 9.8% | 14.0% |
% WFH | 30.7% | 265.5% |
% w/ College Degree | 60.0% | 4.9% |
As of the latest ACS Survey released in 2023, Eliot, Portland, OR is a predominantly white area, with 65.0% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Eliot, Portland, OR is black, making up 11.5% of the population. Foreign-born residents account for 12.2% of the population in Eliot, Portland, OR, and this percentage has increased by 47.0% 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 | 65.0% | -4.4% |
% Black | 11.5% | -3.4% |
% Hispanic | 9.8% | 10.1% |
% Asian | 6.0% | 42.9% |
% Foreign Born | 12.2% | 47.0% |
Mortgage and Risk — Eliot, Portland, OR
According to HUD data as of 2023, there were 84 mortgage originations in Eliot, Portland, OR, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Eliot, Portland, OR. Investor activity is low, as 4.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 84 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Eliot, Portland, OR
As of 2024, the percent of homes in Eliot, Portland, OR under the Section 8 program is 11.3%. 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 and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Eliot, Portland, OR, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 338 |
Total Units Section 8 | 305 |
% Rentals under Section 8 | 11.3% |
% Occupied Section 8 | 79.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,420 | $1,810 |
| 2 Bedroom | -$330 | $2,400 | $2,070 |
| 3 Bedroom | $540 | $2,300 | $2,840 |
| 4 Bedroom | $30 | $3,300 | $3,330 |
Affordability — Eliot, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $555,000 |
| Median Household Income | $79,200 |