County market report · FIPS 41051
Multnomah County, OR
Portland-Vancouver-Hillsboro, OR-WA · Population 815,637 (Census V2020 est.)
Typical value
$496,807
Sep 2026
1M
+0.2%
3M
+0.5%
12M
+0.3%
5Y
-0.9%
10Y
+32.3%
From peak
-8.5%
Peak $543,159 · Jun 2022
Rank US / state
2360 / 24
by 12M change
Zillow Home Value Index
Source: Zillow Home Value Index (ZHVI), all homes, smoothed & seasonally adjusted · data through Sep 2026.
Inflection signal
Price-OnlyNo active signal this month.
Inventory, sales & days on market — Phase 2
Supply and demand confirmation is not yet available.
Yearly values (December)
| Year | ZHVI (Dec) | YoY change |
|---|---|---|
| 2025 | $498,827 | -1.3% |
| 2024 | $505,321 | +1.3% |
| 2023 | $498,839 | -1.8% |
| 2022 | $508,077 | -0.0% |
| 2021 | $508,238 | +12.4% |
| 2020 | $452,277 | +9.2% |
| 2019 | $414,030 | +1.8% |
| 2018 | $406,545 | +0.8% |
| 2017 | $403,490 | +5.1% |
| 2016 | $383,825 | +13.7% |
| 2015 | $337,440 | +16.6% |
| 2014 | $289,360 | +8.7% |
| 2013 | $266,237 | +12.6% |
| 2012 | $236,515 | +6.5% |
| 2011 | $222,077 | -6.3% |
| 2010 | $236,923 | -6.5% |
| 2009 | $253,355 | -7.2% |
| 2008 | $273,015 | -5.9% |
| 2007 | $290,070 | +3.5% |
| 2006 | $280,146 | +13.9% |
| 2005 | $245,891 | +17.7% |
| 2004 | $208,857 | +7.6% |
| 2003 | $194,064 | +6.8% |
| 2002 | $181,785 | +5.7% |
| 2001 | $171,959 | +4.2% |
| 2000 | $165,091 | — |