Oak Grove, Portland, OR—97267
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Grove, Portland, OR
As of Oct '25, the median home price in Oak Grove, Portland, OR is $534,000, with a year-over-year change of -0.4%. This indicates that home prices in Oak Grove, Portland, OR are flat. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $534,000 | -0.4% |
| Single Family | $537,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $412,000 | -0.5% |
3 Bed | $515,000 | -0.4% |
4 Bed | $599,000 | -0.2% |
| 5 Bed | $656,000 | -0.3% |
% of Housing Stock
Rental Trends — Oak Grove, Portland, OR
As of July '25, Rentcast reports the average rent in Oak Grove, Portland, OR is $2,110, with a year-over-year rent change of -14.6%. Per bedroom, the median rent as of July '25 in Oak Grove, Portland, OR is studios: $1,240, 1-bedrooms: $1,410, 2-bedrooms: $1,620, 3-bedrooms: $2,770, 4-bedrooms: $3,210. The most common rental property sizes in Oak Grove, Portland, OR are 2-bedroom and 3-bedroom, accounting for 63.5% and 15.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,110 |
| Studio Rent | $1,240 | $1,240 |
| 1 Bed Rent | $1,360 | $1,410 |
| 2 Bed Rent | $1,540 | $1,620 |
| 3 Bed Rent | $2,600 | $2,770 |
| 4 Bed Rent | $3,100 | $3,210 |
% of Rental Stock
Property Listings — Oak Grove, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Grove, Portland, OR is 58. This is a increase of 46.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $599,000 | -3.0% |
Listing Count | 109 | 53.0% |
| Listings as % of Homes | 0.4% | 53.0% |
Days on Market | 58 | 46.0% |
Demographics — Oak Grove, Portland, OR
As of the latest ACS Survey released in 2023, Oak Grove, Portland, OR has a population of 31,200, which has decreased by -3.2% over the past 5 years. Oak Grove, Portland, OR is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 35.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | -3.2% |
% Under 18 | 16.9% | -10.1% |
% Seniors | 23.2% | 10.5% |
% WFH | 19.2% | 166.7% |
% w/ College Degree | 35.0% | 15.1% |
As of the latest ACS Survey released in 2023, Oak Grove, Portland, OR is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Oak Grove, Portland, OR is hispanic, making up 12.3% of the population. Foreign-born residents account for 8.4% of the population in Oak Grove, Portland, OR, and this percentage has increased by 20.0% 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 | 78.2% | -7.6% |
% Black | 0.9% | -52.6% |
% Hispanic | 12.3% | 61.8% |
% Asian | 2.6% | 13.0% |
% Foreign Born | 8.4% | 20.0% |
Mortgage and Risk — Oak Grove, Portland, OR
According to HUD data as of 2023, there were 551 mortgage originations in Oak Grove, Portland, OR, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Oak Grove, Portland, OR. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 551 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Oak Grove, Portland, OR
As of 2024, the percent of homes in Oak Grove, Portland, OR under the Section 8 program is 7.8%. 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 Oak Grove, Portland, OR, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 298 |
Total Units Section 8 | 251 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 85.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $240 | $1,360 | $1,600 |
| 2 Bedroom | $290 | $1,540 | $1,830 |
| 3 Bedroom | -$70 | $2,600 | $2,530 |
| 4 Bedroom | -$170 | $3,100 | $2,930 |
Affordability — Oak Grove, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $534,000 |
| Median Household Income | $85,200 |