Hawthorne, Portland, OR—97214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hawthorne, Portland, OR
As of Oct '25, the median home price in Hawthorne, Portland, OR is $655,000, with a year-over-year change of 0.7%. This indicates that home prices in Hawthorne, Portland, OR are flat. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $655,000 | 0.7% |
| Single Family | $678,000 | 0.9% |
| Condos | $351,000 | -1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $352,000 | -1.9% |
2 Bed | $530,000 | 0.0% |
3 Bed | $682,000 | 0.6% |
4 Bed | $783,000 | 0.8% |
| 5 Bed | $896,000 | 1.1% |
% of Housing Stock
Rental Trends — Hawthorne, Portland, OR
As of July '25, Rentcast reports the average rent in Hawthorne, Portland, OR is $1,640, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in Hawthorne, Portland, OR is studios: $1,240, 1-bedrooms: $1,470, 2-bedrooms: $1,970, 3-bedrooms: $2,820, 4-bedrooms: $3,850. The most common rental property sizes in Hawthorne, Portland, OR are 1-bedroom and 2-bedroom, accounting for 48.0% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,640 |
| Studio Rent | $1,250 | $1,240 |
| 1 Bed Rent | $1,470 | $1,470 |
| 2 Bed Rent | $1,800 | $1,970 |
| 3 Bed Rent | $2,900 | $2,820 |
| 4 Bed Rent | $3,700 | $3,850 |
% of Rental Stock
Property Listings — Hawthorne, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Hawthorne, Portland, OR is 38. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $627,000 | -10.0% |
Listing Count | 68 | -4.0% |
| Listings as % of Homes | 0.2% | -4.0% |
Days on Market | 38 | -2.0% |
Demographics — Hawthorne, Portland, OR
As of the latest ACS Survey released in 2023, Hawthorne, Portland, OR has a population of 28,100, which has increased by 7.3% over the past 5 years. Hawthorne, Portland, OR is a less popular place for families, as children make up 9.8% of the population. The area has a highly educated workforce, with 66.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,100 | 7.3% |
% Under 18 | 9.8% | -25.8% |
% Seniors | 10.2% | 20.0% |
% WFH | 31.3% | 195.3% |
% w/ College Degree | 66.7% | 3.3% |
As of the latest ACS Survey released in 2023, Hawthorne, Portland, OR is a predominantly white area, with 78.5% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Hawthorne, Portland, OR is hispanic, making up 8.7% of the population. Foreign-born residents account for 6.1% of the population in Hawthorne, Portland, OR, and this percentage has decreased by 3.2% 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 | 78.5% | -5.6% |
% Black | 1.8% | -21.7% |
% Hispanic | 8.7% | 89.1% |
% Asian | 4.2% | -10.6% |
% Foreign Born | 6.1% | -3.2% |
Mortgage and Risk — Hawthorne, Portland, OR
According to HUD data as of 2023, there were 192 mortgage originations in Hawthorne, Portland, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hawthorne, Portland, OR. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 192 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Hawthorne, Portland, OR
As of 2024, the percent of homes in Hawthorne, Portland, OR under the Section 8 program is 3.4%. 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 Hawthorne, 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 | 379 |
Total Units Section 8 | 360 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $600 | $1,470 | $2,070 |
| 2 Bedroom | $560 | $1,800 | $2,360 |
| 3 Bedroom | $340 | $2,900 | $3,240 |
| 4 Bedroom | $100 | $3,700 | $3,800 |
Affordability — Hawthorne, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $655,000 |
| Median Household Income | $86,900 |