Top Oregon Cities Leading the State in Home Prices
Current data shows how home values in Oregon’s most expensive cities reflect larger trends in our market. According to Zillow’s Home Values Index, some cities across the state are commanding price tags well above the typical U.S. home value, which sat at about $364,891 recently.Â
Among the top 30 highest-value cities in Oregon, many cluster around the Portland-Vancouver-Hillsboro metro area, which accounted for 17 of the listings in the top 30. For example, cities like Wilsonville show typical home values in the low $630,000s with five-year gains in the mid-30 percent range.Â
What this signals for us here in the Portland metro and broader Oregon market is that while affordability remains a challenge, there are pockets where value has held and grown despite broader market softness. These high-value cities tell a story of supply constraints, desirable locations and strong buyer demand. Here’s a list of the top 10:
#1. Powell Butte
- Typical home value: $1,011,759
- 1-year price change: -3.5%
- 5-year price change: +50.6%
#2. Arch Cape
- Typical home value: $922,963
- 1-year price change: -0.8%
- 5-year price change: +51.0%
#3. Raleigh Hills
- Typical home value: $903,381
- 1-year price change: -2.5%
- 5-year price change: +32.4%
- Metro area: Portland Vancouver Hillsboro
#4. Cannon Beach
- Typical home value: $892,408
- 1-year price change: +2.9%
- 5-year price change: +60.8%
#5. Lake Oswego
- Typical home value: $873,935
- 1-year price change: +0.7%
- 5-year price change: +37.7%
- Metro area: Portland Vancouver Hillsboro
#6. Manzanita
- Typical home value: $837,663
- 1-year price change: -1.7%
- 5-year price change: +54.4%
#7. Sisters
- Typical home value: $803,751
- 1-year price change: -2.5%
- 5-year price change: +53.3%
#8. Durham
- Typical home value: $794,008
- 1-year price change: +2.1%
- 5-year price change: +35.2%
- Metro area: Portland Vancouver Hillsboro
#9. Beavercreek
- Typical home value: $766,398
- 1-year price change: +2.0%
- 5-year price change: +34.4%
- Metro area: Portland Vancouver Hillsboro
#10. West Linn
- Typical home value: $765,659
- 1-year price change: -0.1%
- 5-year price change: +36.1%
- Metro area: Portland Vancouver Hillsboro
If you are thinking of buying or selling iin one of these premium markets, it is helpful to know where your home stands in comparison and what your options look like. Let’s review your home’s value, look at nearby comparable neighborhoods and determine a strategy that aligns with your goals. Reach out anytime and we’ll make sure you’re positioned to succeed in this evolving market!
