Bethany, Portland, OR—97229
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bethany, Portland, OR
As of Oct '25, the median home price in Bethany, Portland, OR is $734,000, with a year-over-year change of -2.5%. This indicates that home prices in Bethany, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $734,000 | -2.5% |
| Single Family | $759,000 | -2.8% |
| Condos | $322,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $236,000 | -6.3% |
2 Bed | $405,000 | -3.6% |
3 Bed | $606,000 | -2.6% |
4 Bed | $787,000 | -3.1% |
| 5 Bed | $941,000 | -3.2% |
% of Housing Stock
Rental Trends — Bethany, Portland, OR
As of July '25, Rentcast reports the average rent in Bethany, Portland, OR is $2,690, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in Bethany, Portland, OR is studios: $1,290, 1-bedrooms: $1,550, 2-bedrooms: $1,940, 3-bedrooms: $2,740, 4-bedrooms: $3,540. The most common rental property sizes in Bethany, Portland, OR are 2-bedroom and 3-bedroom, accounting for 45.9% and 20.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,640 | $2,690 |
| Studio Rent | $1,300 | $1,290 |
| 1 Bed Rent | $1,570 | $1,550 |
| 2 Bed Rent | $1,900 | $1,940 |
| 3 Bed Rent | $2,700 | $2,740 |
| 4 Bed Rent | $3,240 | $3,540 |
% of Rental Stock
Property Listings — Bethany, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Bethany, Portland, OR is 82. This is a increase of 23.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $825,000 | -2.0% |
Listing Count | 416 | 24.0% |
| Listings as % of Homes | 0.8% | 24.0% |
Days on Market | 82 | 23.0% |
Demographics — Bethany, Portland, OR
As of the latest ACS Survey released in 2023, Bethany, Portland, OR has a population of 75,600, which has increased by 12.3% over the past 5 years. Bethany, Portland, OR is a popular place for families, as children make up 27.3% of the population. The area has a highly educated workforce, with 68.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 75,600 | 12.3% |
% Under 18 | 27.3% | 1.1% |
% Seniors | 11.7% | 0.0% |
% WFH | 30.6% | 308.0% |
% w/ College Degree | 68.8% | 5.8% |
As of the latest ACS Survey released in 2023, Bethany, Portland, OR is a predominantly white area, with 57.6% 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 Bethany, Portland, OR is asian, making up 26.4% of the population. Foreign-born residents account for 26.5% of the population in Bethany, Portland, OR, and this percentage has increased by 8.2% 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 | 57.6% | -7.1% |
% Black | 1.7% | 6.2% |
% Hispanic | 8.0% | 19.4% |
% Asian | 26.4% | 10.9% |
% Foreign Born | 26.5% | 8.2% |
Mortgage and Risk — Bethany, Portland, OR
According to HUD data as of 2023, there were 1250 mortgage originations in Bethany, Portland, OR, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Bethany, Portland, OR. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,250 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Bethany, Portland, OR
As of 2024, the percent of homes in Bethany, Portland, OR under the Section 8 program is 3.2%. 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. In Bethany, Portland, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 191 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,570 | $1,910 |
| 2 Bedroom | $280 | $1,900 | $2,180 |
| 3 Bedroom | $290 | $2,700 | $2,990 |
| 4 Bedroom | $270 | $3,240 | $3,510 |
Affordability — Bethany, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $734,000 |
| Median Household Income | $160,000 |