Lents, Portland, OR—97266
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lents, Portland, OR
As of Oct '25, the median home price in Lents, Portland, OR is $392,000, with a year-over-year change of -0.6%. This indicates that home prices in Lents, 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 | $392,000 | -0.6% |
| Single Family | $397,000 | -0.7% |
| Condos | $284,000 | -2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $296,000 | 1.0% |
2 Bed | $341,000 | -0.9% |
3 Bed | $397,000 | -0.7% |
4 Bed | $462,000 | -1.3% |
| 5 Bed | $519,000 | -0.8% |
% of Housing Stock
Rental Trends — Lents, Portland, OR
As of July '25, Rentcast reports the average rent in Lents, Portland, OR is $1,900, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Lents, Portland, OR is studios: $1,140, 1-bedrooms: $1,280, 2-bedrooms: $1,690, 3-bedrooms: $2,500, 4-bedrooms: $2,990. The most common rental property sizes in Lents, Portland, OR are 2-bedroom and 3-bedroom, accounting for 40.8% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,760 | $1,900 |
| Studio Rent | $1,200 | $1,140 |
| 1 Bed Rent | $1,260 | $1,280 |
| 2 Bed Rent | $1,600 | $1,690 |
| 3 Bed Rent | $2,400 | $2,500 |
| 4 Bed Rent | $2,750 | $2,990 |
% of Rental Stock
Property Listings — Lents, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Lents, Portland, OR is 72. This is a increase of 8.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $410,000 | -4.0% |
Listing Count | 130 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 72 | 8.0% |
Demographics — Lents, Portland, OR
As of the latest ACS Survey released in 2023, Lents, Portland, OR has a population of 36,000, which has increased by 3.0% over the past 5 years. Lents, Portland, OR is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,000 | 3.0% |
% Under 18 | 20.0% | -11.9% |
% Seniors | 13.1% | 12.0% |
% WFH | 14.7% | 219.6% |
% w/ College Degree | 29.0% | 36.2% |
As of the latest ACS Survey released in 2023, Lents, Portland, OR is a predominantly white area, with 54.3% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Lents, Portland, OR is asian, making up 16.6% of the population. Foreign-born residents account for 21.1% of the population in Lents, Portland, OR, and this percentage has decreased by 19.5% 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 | 54.3% | -0.4% |
% Black | 7.0% | 37.3% |
% Hispanic | 14.3% | -8.3% |
% Asian | 16.6% | -12.2% |
% Foreign Born | 21.1% | -19.5% |
Mortgage and Risk — Lents, Portland, OR
According to HUD data as of 2023, there were 419 mortgage originations in Lents, Portland, OR, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Lents, 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 | 419 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Lents, Portland, OR
As of 2024, the percent of homes in Lents, Portland, OR under the Section 8 program is 16.2%. 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 Lents, 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 | 1,053 |
Total Units Section 8 | 939 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 88.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $360 | $1,260 | $1,620 |
| 2 Bedroom | $250 | $1,600 | $1,850 |
| 3 Bedroom | $140 | $2,400 | $2,540 |
| 4 Bedroom | $230 | $2,750 | $2,980 |
Affordability — Lents, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $392,000 |
| Median Household Income | $71,800 |