Pleasant Valley, Portland, OR—97236
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pleasant Valley, Portland, OR
As of Oct '25, the median home price in Pleasant Valley, Portland, OR is $428,000, with a year-over-year change of -0.1%. This indicates that home prices in Pleasant Valley, Portland, OR are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $428,000 | -0.1% |
| Single Family | $436,000 | -0.2% |
| Condos | $286,000 | -3.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $328,000 | -2.1% |
3 Bed | $412,000 | 0.2% |
4 Bed | $503,000 | -0.4% |
| 5 Bed | $586,000 | -0.2% |
% of Housing Stock
Rental Trends — Pleasant Valley, Portland, OR
As of July '25, Rentcast reports the average rent in Pleasant Valley, Portland, OR is $1,910, with a year-over-year rent change of 7.3%. Per bedroom, the median rent as of July '25 in Pleasant Valley, Portland, OR is studios: $1,060, 1-bedrooms: $1,270, 2-bedrooms: $1,510, 3-bedrooms: $2,470, 4-bedrooms: $3,270. The most common rental property sizes in Pleasant Valley, Portland, OR are 2-bedroom and 3-bedroom, accounting for 47.1% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,910 |
| Studio Rent | $1,080 | $1,060 |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,500 | $1,510 |
| 3 Bed Rent | $2,400 | $2,470 |
| 4 Bed Rent | $2,900 | $3,270 |
% of Rental Stock
Property Listings — Pleasant Valley, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Pleasant Valley, Portland, OR is 76. This is a increase of 43.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $447,000 | -1.0% |
Listing Count | 112 | 21.0% |
| Listings as % of Homes | 0.7% | 21.0% |
Days on Market | 76 | 43.0% |
Demographics — Pleasant Valley, Portland, OR
As of the latest ACS Survey released in 2023, Pleasant Valley, Portland, OR has a population of 37,900, which has decreased by -7.3% over the past 5 years. Pleasant Valley, Portland, OR is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,900 | -7.3% |
% Under 18 | 24.1% | -4.0% |
% Seniors | 13.3% | 12.7% |
% WFH | 11.8% | 118.5% |
% w/ College Degree | 20.8% | 18.2% |
As of the latest ACS Survey released in 2023, Pleasant Valley, Portland, OR is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Pleasant Valley, Portland, OR is hispanic, making up 20.5% of the population. Foreign-born residents account for 25.1% of the population in Pleasant Valley, Portland, OR, and this percentage has decreased by 9.4% 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 | 51.0% | -9.7% |
% Black | 9.8% | 28.9% |
% Hispanic | 20.5% | 56.5% |
% Asian | 13.2% | -5.0% |
% Foreign Born | 25.1% | -9.4% |
Mortgage and Risk — Pleasant Valley, Portland, OR
According to HUD data as of 2023, there were 488 mortgage originations in Pleasant Valley, Portland, OR, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Pleasant Valley, Portland, OR. Investor activity is low, as 2.0% 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 | 488 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Pleasant Valley, Portland, OR
As of 2024, the percent of homes in Pleasant Valley, Portland, OR under the Section 8 program is 15.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Pleasant Valley, 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 | 999 |
Total Units Section 8 | 859 |
% Rentals under Section 8 | 15.8% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,300 | $1,600 |
| 2 Bedroom | $330 | $1,500 | $1,830 |
| 3 Bedroom | $130 | $2,400 | $2,530 |
| 4 Bedroom | $30 | $2,900 | $2,930 |
Affordability — Pleasant Valley, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $428,000 |
| Median Household Income | $68,600 |