Wilkes, Portland, OR—97230
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilkes, Portland, OR
As of Nov '25, the median home price in Wilkes, Portland, OR is $445,000, with a year-over-year change of -0.1%. This indicates that home prices in Wilkes, 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 | $445,000 | -0.1% |
| Single Family | $454,000 | -0.2% |
| Condos | $273,000 | -2.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $345,000 | -2.3% |
3 Bed | $438,000 | -0.2% |
4 Bed | $500,000 | 0.0% |
| 5 Bed | $549,221 | 0.6% |
% of Housing Stock
Rental Trends — Wilkes, Portland, OR
As of July '25, Rentcast reports the average rent in Wilkes, Portland, OR is $1,670, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Wilkes, Portland, OR is studios: $1,420, 1-bedrooms: $1,220, 2-bedrooms: $1,490, 3-bedrooms: $2,310, 4-bedrooms: $3,350. The most common rental property sizes in Wilkes, Portland, OR are 2-bedroom and 3-bedroom, accounting for 47.8% and 20.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,670 |
| Studio Rent | $1,050 | $1,420 |
| 1 Bed Rent | $1,200 | $1,220 |
| 2 Bed Rent | $1,500 | $1,490 |
| 3 Bed Rent | $2,400 | $2,310 |
| 4 Bed Rent | $3,200 | $3,350 |
% of Rental Stock
Property Listings — Wilkes, Portland, OR
As of Nov '25, Realtor.com reports that the median days on market for a home in Wilkes, Portland, OR is 77. This is a increase of 3.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $420,000 | -7.0% |
Listing Count | 149 | 20.0% |
| Listings as % of Homes | 0.5% | 20.0% |
Days on Market | 77 | 3.0% |
Demographics — Wilkes, Portland, OR
As of the latest ACS Survey released in 2023, Wilkes, Portland, OR has a population of 41,700, which has increased by 3.9% over the past 5 years. Wilkes, Portland, OR is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,700 | 3.9% |
% Under 18 | 20.2% | -4.7% |
% Seniors | 19.2% | 9.1% |
% WFH | 12.2% | 84.8% |
% w/ College Degree | 28.3% | 18.9% |
As of the latest ACS Survey released in 2023, Wilkes, Portland, OR is a predominantly white area, with 49.4% of the population identifying as white. The white population has shrunk by 14.5% in the last 5 years. The second most common race or ethnicity in Wilkes, Portland, OR is hispanic, making up 20.0% of the population. Foreign-born residents account for 20.9% of the population in Wilkes, Portland, OR, and this percentage has increased by 5.0% 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 | 49.4% | -14.5% |
% Black | 10.6% | 12.8% |
% Hispanic | 20.0% | 23.5% |
% Asian | 10.9% | 1.9% |
% Foreign Born | 20.9% | 5.0% |
Mortgage and Risk — Wilkes, Portland, OR
According to HUD data as of 2023, there were 562 mortgage originations in Wilkes, Portland, OR, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Wilkes, Portland, OR. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 562 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Rentals and Section 8 — Wilkes, Portland, OR
As of 2024, the percent of homes in Wilkes, Portland, OR under the Section 8 program is 9.7%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Wilkes, Portland, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 625 |
Total Units Section 8 | 582 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,200 | $1,600 |
| 2 Bedroom | $330 | $1,500 | $1,830 |
| 3 Bedroom | $130 | $2,400 | $2,530 |
| 4 Bedroom | -$270 | $3,200 | $2,930 |
Affordability — Wilkes, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $445,000 |
| Median Household Income | $70,600 |