Creston-Kenilworth, Portland, OR—97202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Creston-Kenilworth, Portland, OR
As of Oct '25, the median home price in Creston-Kenilworth, Portland, OR is $611,000, with a year-over-year change of -1.0%. This indicates that home prices in Creston-Kenilworth, 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 | $611,000 | -1.0% |
| Single Family | $621,000 | -1.0% |
| Condos | $442,000 | -1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $395,000 | -3.2% |
2 Bed | $492,000 | -1.4% |
3 Bed | $628,000 | -0.9% |
4 Bed | $763,000 | -1.0% |
| 5 Bed | $848,000 | -1.3% |
% of Housing Stock
Rental Trends — Creston-Kenilworth, Portland, OR
As of July '25, Rentcast reports the average rent in Creston-Kenilworth, Portland, OR is $1,860, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Creston-Kenilworth, Portland, OR is studios: $1,260, 1-bedrooms: $1,490, 2-bedrooms: $1,960, 3-bedrooms: $2,810, 4-bedrooms: $3,310. The most common rental property sizes in Creston-Kenilworth, Portland, OR are 2-bedroom and 1-bedroom, accounting for 39.3% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,860 |
| Studio Rent | $1,220 | $1,260 |
| 1 Bed Rent | $1,450 | $1,490 |
| 2 Bed Rent | $1,800 | $1,960 |
| 3 Bed Rent | $2,900 | $2,810 |
| 4 Bed Rent | $3,400 | $3,310 |
% of Rental Stock
Property Listings — Creston-Kenilworth, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Creston-Kenilworth, Portland, OR is 74. This is a increase of 18.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | -8.0% |
Listing Count | 151 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 74 | 18.0% |
Demographics — Creston-Kenilworth, Portland, OR
As of the latest ACS Survey released in 2023, Creston-Kenilworth, Portland, OR has a population of 44,100, which has increased by 3.0% over the past 5 years. Creston-Kenilworth, Portland, OR is a moderately popular place for families, as children make up 15.9% of the population. The area has a highly educated workforce, with 64.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,100 | 3.0% |
% Under 18 | 15.9% | -5.9% |
% Seniors | 13.1% | 12.9% |
% WFH | 29.4% | 194.0% |
% w/ College Degree | 64.7% | 7.7% |
As of the latest ACS Survey released in 2023, Creston-Kenilworth, Portland, OR is a predominantly white area, with 79.0% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Creston-Kenilworth, Portland, OR is hispanic, making up 8.3% of the population. Foreign-born residents account for 6.4% of the population in Creston-Kenilworth, Portland, OR, and this percentage has decreased by 22.0% 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 | 79.0% | -0.1% |
% Black | 2.1% | 40.0% |
% Hispanic | 8.3% | 5.1% |
% Asian | 4.3% | -21.8% |
% Foreign Born | 6.4% | -22.0% |
Mortgage and Risk — Creston-Kenilworth, Portland, OR
According to HUD data as of 2023, there were 587 mortgage originations in Creston-Kenilworth, Portland, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Creston-Kenilworth, 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 | 587 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Creston-Kenilworth, Portland, OR
As of 2024, the percent of homes in Creston-Kenilworth, Portland, OR under the Section 8 program is 9.5%. 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 Creston-Kenilworth, 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 | 1,019 |
Total Units Section 8 | 920 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,450 | $1,790 |
| 2 Bedroom | $240 | $1,800 | $2,040 |
| 3 Bedroom | -$100 | $2,900 | $2,800 |
| 4 Bedroom | -$110 | $3,400 | $3,290 |
Affordability — Creston-Kenilworth, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $611,000 |
| Median Household Income | $100,000 |