Markets/Oregon/Portland-Vancouver-Hillsboro

Portland-Vancouver-Hillsboro, OR-WA Real Estate Market 2026

Investor-grade market analytics for Portland-Vancouver-Hillsboro, Oregon. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$542,843

-0.4% year-over-year

Est. Rental Yield

4.0%

gross annual

12-Month Forecast

-0.4%

base case (Zillow ZHVF)

-0.4% year-over-year

Climate Risk

51/100

Moderate

Market Momentum

๐Ÿ”ฅ
Hot
2.9mo supply ยท Score +5/7

Net migration: Top 7% nationally

Income Migration

๐Ÿ“‰ Wealth Drain0.85x

In-migrants avg $79,328 AGI vs out-migrants $93,445

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Opportunity Zone Market

42 ZIP codes in Portland-Vancouver-Hillsboro are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Portland-Vancouver-Hillsboro Market Summary

Portland-Vancouver-Hillsboro, OR-WA is experiencing a correction with -0.4% year-over-year decline, signaling a buyer's market with softening demand. Affordability is moderately stretched with a price-to-income ratio of 5.74x, above the national average of 4.8x. Modest net positive migration (+852 returns/year) provides steady demand support. Climate risk is moderate (51/100) with manageable exposure. Rental yield of 4.02% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score61/100
Price-to-Income Ratio5.7x (national avg 4.8x)
Median Household Income$94,573

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-0.5%
Base Case-0.4%
Bull Case-0.2%

Climate & Natural Hazard Risk

Portland-Vancouver-Hillsboro, OR-WA's primary climate exposure is flooding (51/100). The composite climate risk score of 51/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Portland-Vancouver-Hillsboro dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.