Cully, Portland, OR—97218
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cully, Portland, OR
As of Oct '25, the median home price in Cully, Portland, OR is $467,000, with a year-over-year change of -4.2%. This indicates that home prices in Cully, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $467,000 | -4.2% |
| Single Family | $472,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $340,000 | -2.9% |
2 Bed | $422,000 | -3.9% |
3 Bed | $484,000 | -4.5% |
4 Bed | $563,000 | -4.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cully, Portland, OR
As of July '25, Rentcast reports the average rent in Cully, Portland, OR is $1,760, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Cully, Portland, OR is studios: $995, 1-bedrooms: $1,220, 2-bedrooms: $1,630, 3-bedrooms: $2,760, 4-bedrooms: $2,820. The most common rental property sizes in Cully, Portland, OR are 2-bedroom and 1-bedroom, accounting for 53.2% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,760 |
| Studio Rent | $995 | $995 |
| 1 Bed Rent | $1,150 | $1,220 |
| 2 Bed Rent | $1,300 | $1,630 |
| 3 Bed Rent | $2,690 | $2,760 |
| 4 Bed Rent | $2,800 | $2,820 |
% of Rental Stock
Property Listings — Cully, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Cully, Portland, OR is 53. This is a increase of 2.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -2.0% |
Listing Count | 57 | -5.0% |
| Listings as % of Homes | 0.5% | -5.0% |
Days on Market | 53 | 2.0% |
Demographics — Cully, Portland, OR
As of the latest ACS Survey released in 2023, Cully, Portland, OR has a population of 14,700, which has decreased by -6.0% over the past 5 years. Cully, Portland, OR is a moderately popular place for families, as children make up 20.0% of the population. The area has a highly educated workforce, with 51.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | -6.0% |
% Under 18 | 20.0% | -15.3% |
% Seniors | 9.9% | 6.5% |
% WFH | 21.5% | 264.4% |
% w/ College Degree | 51.1% | 44.4% |
As of the latest ACS Survey released in 2023, Cully, Portland, OR is a predominantly white area, with 55.1% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Cully, Portland, OR is hispanic, making up 18.6% of the population. Foreign-born residents account for 11.4% of the population in Cully, Portland, OR, and this percentage has decreased by 33.7% 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 | 55.1% | 1.8% |
% Black | 11.4% | 17.5% |
% Hispanic | 18.6% | -21.2% |
% Asian | 4.8% | -32.4% |
% Foreign Born | 11.4% | -33.7% |
Mortgage and Risk — Cully, Portland, OR
According to HUD data as of 2023, there were 172 mortgage originations in Cully, Portland, OR, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Cully, Portland, OR. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 172 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cully, Portland, OR
As of 2024, the percent of homes in Cully, Portland, OR under the Section 8 program is 10.2%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Cully, Portland, OR, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 279 |
Total Units Section 8 | 255 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 84.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $1,150 | $1,700 |
| 2 Bedroom | $640 | $1,300 | $1,940 |
| 3 Bedroom | -$30 | $2,690 | $2,660 |
| 4 Bedroom | $320 | $2,800 | $3,120 |
Affordability — Cully, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $467,000 |
| Median Household Income | $81,400 |