Cities with the fastest growing home prices in Portland, Oregon metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Portland, Oregon metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Portland-Vancouver-Hillsboro, OR-WA metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 81 cities and towns in Portland, Oregon.

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Stacker

#30. Hillsboro, OR

- 1-year price change: +$35,158 (+6.9%)
- 5-year price change: +$181,586 (+50.0%)
- Typical home value: $544,417 (#47 most expensive city in metro)
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Stacker

#29. Beaverton, OR

- 1-year price change: +$35,517 (+6.8%)
- 5-year price change: +$186,968 (+49.9%)
- Typical home value: $561,438 (#43 most expensive city in metro)
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Stacker

#28. Deer Island, OR

- 1-year price change: +$37,462 (+7.8%)
- 5-year price change: +$171,674 (+50.0%)
- Typical home value: $514,924 (#55 most expensive city in metro)
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#27. Columbia City, OR

- 1-year price change: +$38,103 (+8.4%)
- 5-year price change: +$182,950 (+59.3%)
- Typical home value: $491,316 (#61 most expensive city in metro)
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Stacker

#26. Stevenson, WA

- 1-year price change: +$38,603 (+7.9%)
- 5-year price change: +$190,939 (+57.3%)
- Typical home value: $524,449 (#51 most expensive city in metro)

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Stacker

#25. Boring, OR

- 1-year price change: +$38,799 (+5.5%)
- 5-year price change: +$244,089 (+49.4%)
- Typical home value: $738,454 (#10 most expensive city in metro)
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Stacker

#24. Gaston, OR

- 1-year price change: +$39,322 (+6.5%)
- 5-year price change: +$246,076 (+61.4%)
- Typical home value: $646,846 (#25 most expensive city in metro)
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Stacker

#23. Ridgefield, WA

- 1-year price change: +$39,341 (+6.2%)
- 5-year price change: +$246,828 (+57.7%)
- Typical home value: $674,554 (#17 most expensive city in metro)
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Stacker

#22. Washougal, WA

- 1-year price change: +$41,094 (+7.2%)
- 5-year price change: +$226,472 (+58.9%)
- Typical home value: $610,921 (#32 most expensive city in metro)
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#21. Tigard, OR

- 1-year price change: +$41,695 (+7.0%)
- 5-year price change: +$203,689 (+47.1%)
- Typical home value: $636,591 (#26 most expensive city in metro)

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Stacker

#20. Beaver, OR

- 1-year price change: +$41,871 (+11.3%)
- 5-year price change: +$145,037 (+54.3%)
- Typical home value: $412,239 (#76 most expensive city in metro)
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#19. Amity, OR

- 1-year price change: +$42,126 (+7.3%)
- 5-year price change: +$270,894 (+78.4%)
- Typical home value: $616,400 (#30 most expensive city in metro)
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Stacker

#18. Yamhill, OR

- 1-year price change: +$42,358 (+7.2%)
- 5-year price change: +$248,768 (+65.8%)
- Typical home value: $627,013 (#28 most expensive city in metro)
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Stacker

#17. North Plains, OR

- 1-year price change: +$42,489 (+7.5%)
- 5-year price change: +$202,524 (+50.2%)
- Typical home value: $606,102 (#33 most expensive city in metro)
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Stacker

#16. Tualatin, OR

- 1-year price change: +$42,836 (+6.9%)
- 5-year price change: +$215,558 (+47.8%)
- Typical home value: $666,668 (#18 most expensive city in metro)

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Stacker

#15. Warren, OR

- 1-year price change: +$44,872 (+7.3%)
- 5-year price change: +$233,246 (+54.2%)
- Typical home value: $663,322 (#20 most expensive city in metro)
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#14. Rhododendron, OR

- 1-year price change: +$44,948 (+10.4%)
- 5-year price change: +$200,625 (+73.1%)
- Typical home value: $475,224 (#67 most expensive city in metro)
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Stacker

#13. Maywood Park, OR

- 1-year price change: +$45,341 (+8.9%)
- 5-year price change: +$159,290 (+40.3%)
- Typical home value: $554,843 (#46 most expensive city in metro)
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Stacker

#12. Sherwood, OR

- 1-year price change: +$45,355 (+7.4%)
- 5-year price change: +$215,035 (+48.9%)
- Typical home value: $655,035 (#23 most expensive city in metro)
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Stacker

#11. Garden Home-Whitford, OR

- 1-year price change: +$45,837 (+7.4%)
- 5-year price change: +$202,359 (+43.9%)
- Typical home value: $663,086 (#21 most expensive city in metro)

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Stacker

#10. Metzger, OR

- 1-year price change: +$45,898 (+8.6%)
- 5-year price change: +$186,857 (+47.8%)
- Typical home value: $577,896 (#40 most expensive city in metro)
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Stacker

#9. Brightwood, OR

- 1-year price change: +$46,865 (+10.3%)
- 5-year price change: +$206,654 (+70.1%)
- Typical home value: $501,589 (#59 most expensive city in metro)
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Stacker

#8. Rockcreek, OR

- 1-year price change: +$47,032 (+7.7%)
- 5-year price change: +$220,032 (+50.4%)
- Typical home value: $656,759 (#22 most expensive city in metro)
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Stacker

#7. Welches, OR

- 1-year price change: +$47,329 (+10.1%)
- 5-year price change: +$207,885 (+67.7%)
- Typical home value: $515,133 (#54 most expensive city in metro)
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#6. Camas, WA

- 1-year price change: +$48,361 (+7.1%)
- 5-year price change: +$271,602 (+59.7%)
- Typical home value: $726,258 (#11 most expensive city in metro)

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Stacker

#5. Underwood, WA

- 1-year price change: +$51,977 (+7.0%)
- 5-year price change: +$282,343 (+55.4%)
- Typical home value: $791,619 (#5 most expensive city in metro)
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#4. Trout Lake, WA

- 1-year price change: +$55,246 (+9.1%)
- 5-year price change: +$234,204 (+54.5%)
- Typical home value: $663,702 (#19 most expensive city in metro)
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#3. Lake Oswego, OR

- 1-year price change: +$62,076 (+7.2%)
- 5-year price change: +$288,319 (+45.2%)
- Typical home value: $925,521 (#2 most expensive city in metro)
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Stacker

#2. Raleigh Hills, OR

- 1-year price change: +$72,975 (+7.6%)
- 5-year price change: +$282,666 (+37.8%)
- Typical home value: $1,031,168 (#1 most expensive city in metro)
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Stacker

#1. West Slope, OR

- 1-year price change: +$87,132 (+11.4%)
- 5-year price change: +$281,262 (+49.5%)
- Typical home value: $849,196 (#3 most expensive city in metro)

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