Parkrose, Portland, OR—97220
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parkrose, Portland, OR
As of Nov '25, the median home price in Parkrose, Portland, OR is $416,000, with a year-over-year change of -1.0%. This indicates that home prices in Parkrose, Portland, OR are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $416,000 | -1.0% |
| Single Family | $419,000 | -1.2% |
| Condos | $231,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $257,000 | -1.5% |
2 Bed | $368,000 | -1.1% |
3 Bed | $427,000 | -0.9% |
4 Bed | $482,000 | -1.4% |
| 5 Bed | $530,235 | -1.1% |
% of Housing Stock
Rental Trends — Parkrose, Portland, OR
As of July '25, Rentcast reports the average rent in Parkrose, Portland, OR is $1,760, with a year-over-year rent change of 1.1%. Per bedroom, the median rent as of July '25 in Parkrose, Portland, OR is studios: $1,090, 1-bedrooms: $1,360, 2-bedrooms: $1,580, 3-bedrooms: $2,440, 4-bedrooms: $2,870. The most common rental property sizes in Parkrose, Portland, OR are 2-bedroom and 1-bedroom, accounting for 39.1% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,550 | $1,760 |
| Studio Rent | $1,100 | $1,090 |
| 1 Bed Rent | $1,300 | $1,360 |
| 2 Bed Rent | $1,500 | $1,580 |
| 3 Bed Rent | $2,500 | $2,440 |
| 4 Bed Rent | $2,700 | $2,870 |
% of Rental Stock
Property Listings — Parkrose, Portland, OR
As of Nov '25, Realtor.com reports that the median days on market for a home in Parkrose, Portland, OR is 51. This is a increase of 13.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $462,000 | 13.0% |
Listing Count | 84 | -16.0% |
| Listings as % of Homes | 0.5% | -16.0% |
Days on Market | 51 | 13.0% |
Demographics — Parkrose, Portland, OR
As of the latest ACS Survey released in 2023, Parkrose, Portland, OR has a population of 27,800, which has decreased by -9.4% over the past 5 years. Parkrose, Portland, OR is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | -9.4% |
% Under 18 | 16.5% | -16.2% |
% Seniors | 16.3% | 16.4% |
% WFH | 16.3% | 191.1% |
% w/ College Degree | 34.9% | 28.3% |
As of the latest ACS Survey released in 2023, Parkrose, Portland, OR is a predominantly white area, with 59.0% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Parkrose, Portland, OR is hispanic, making up 13.6% of the population. Foreign-born residents account for 16.1% of the population in Parkrose, Portland, OR, and this percentage has decreased by 7.5% 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 | 59.0% | -1.8% |
% Black | 7.5% | -13.8% |
% Hispanic | 13.6% | 7.1% |
% Asian | 11.7% | 0.9% |
% Foreign Born | 16.1% | -7.5% |
Mortgage and Risk — Parkrose, Portland, OR
According to HUD data as of 2023, there were 462 mortgage originations in Parkrose, Portland, OR, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Parkrose, Portland, OR. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 462 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Parkrose, Portland, OR
As of 2024, the percent of homes in Parkrose, Portland, OR under the Section 8 program is 11.4%. 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 Parkrose, 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 | 579 |
Total Units Section 8 | 549 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,300 | $1,600 |
| 2 Bedroom | $330 | $1,500 | $1,830 |
| 3 Bedroom | $30 | $2,500 | $2,530 |
| 4 Bedroom | $230 | $2,700 | $2,930 |
Affordability — Parkrose, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $416,000 |
| Median Household Income | $69,000 |