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

Written by:
September 29, 2022
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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 not 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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 81 cities and towns in Portland, Oregon.

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Stacker

#30. Beavercreek, Oregon

- 1-year price change: +$72,588 (+10.1%)
- 5-year price change: +$294,960 (+59.6%)
- Typical home value: $789,867 (#5 most expensive city in metro)
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Stacker

#29. Boring, Oregon

- 1-year price change: +$73,018 (+10.6%)
- 5-year price change: +$275,641 (+57.0%)
- Typical home value: $759,436 (#10 most expensive city in metro)
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Stacker

#28. Mulino, Oregon

- 1-year price change: +$74,590 (+10.7%)
- 5-year price change: +$296,777 (+62.3%)
- Typical home value: $772,791 (#8 most expensive city in metro)
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Stacker

#27. Garden Home-Whitford, Oregon

- 1-year price change: +$75,138 (+12.5%)
- 5-year price change: +$225,287 (+49.9%)
- Typical home value: $676,920 (#19 most expensive city in metro)
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Stacker

#26. Amity, Oregon

- 1-year price change: +$75,228 (+13.5%)
- 5-year price change: +$289,219 (+84.5%)
- Typical home value: $631,682 (#30 most expensive city in metro)

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Stacker

#25. Warren, Oregon

- 1-year price change: +$77,396 (+13.0%)
- 5-year price change: +$249,117 (+59.0%)
- Typical home value: $671,118 (#21 most expensive city in metro)
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Stacker

#24. Tigard, Oregon

- 1-year price change: +$77,789 (+13.7%)
- 5-year price change: +$220,369 (+51.7%)
- Typical home value: $646,342 (#25 most expensive city in metro)
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Stacker

#23. West Linn, Oregon

- 1-year price change: +$78,185 (+11.2%)
- 5-year price change: +$254,073 (+48.8%)
- Typical home value: $774,932 (#7 most expensive city in metro)
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Stacker

#22. Washougal, Oregon

- 1-year price change: +$78,762 (+14.7%)
- 5-year price change: +$241,503 (+64.8%)
- Typical home value: $614,070 (#32 most expensive city in metro)
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#21. Trout Lake, Oregon

- 1-year price change: +$79,555 (+14.2%)
- 5-year price change: +$251,086 (+64.5%)
- Typical home value: $640,227 (#29 most expensive city in metro)

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#20. Sherwood, Oregon

- 1-year price change: +$79,731 (+13.7%)
- 5-year price change: +$227,199 (+52.4%)
- Typical home value: $661,033 (#24 most expensive city in metro)
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#19. Yacolt, Oregon

- 1-year price change: +$80,462 (+14.4%)
- 5-year price change: +$260,792 (+68.6%)
- Typical home value: $641,086 (#27 most expensive city in metro)
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#18. La Center, Oregon

- 1-year price change: +$81,006 (+13.9%)
- 5-year price change: +$257,264 (+63.6%)
- Typical home value: $661,725 (#23 most expensive city in metro)
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#17. North Plains, Oregon

- 1-year price change: +$81,501 (+15.3%)
- 5-year price change: +$219,438 (+55.6%)
- Typical home value: $613,920 (#33 most expensive city in metro)
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#16. Tualatin, Oregon

- 1-year price change: +$82,766 (+13.9%)
- 5-year price change: +$233,513 (+52.4%)
- Typical home value: $678,789 (#18 most expensive city in metro)

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Stacker

#15. Brightwood, Oregon

- 1-year price change: +$84,400 (+19.9%)
- 5-year price change: +$222,751 (+77.7%)
- Typical home value: $509,463 (#59 most expensive city in metro)
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Stacker

#14. Welches, Oregon

- 1-year price change: +$84,776 (+19.0%)
- 5-year price change: +$229,996 (+76.3%)
- Typical home value: $531,423 (#51 most expensive city in metro)
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#13. Banks, Oregon

- 1-year price change: +$86,380 (+15.6%)
- 5-year price change: +$238,228 (+59.2%)
- Typical home value: $640,737 (#28 most expensive city in metro)
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#12. Rhododendron, Oregon

- 1-year price change: +$87,681 (+22.3%)
- 5-year price change: +$217,459 (+82.5%)
- Typical home value: $480,912 (#67 most expensive city in metro)
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#11. Rockcreek, Oregon

- 1-year price change: +$88,154 (+15.0%)
- 5-year price change: +$239,852 (+55.2%)
- Typical home value: $674,111 (#20 most expensive city in metro)

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#10. Ridgefield, Oregon

- 1-year price change: +$89,231 (+15.0%)
- 5-year price change: +$264,673 (+63.2%)
- Typical home value: $683,384 (#17 most expensive city in metro)
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#9. Amboy, Oregon

- 1-year price change: +$89,769 (+14.6%)
- 5-year price change: +$286,902 (+68.7%)
- Typical home value: $704,568 (#15 most expensive city in metro)
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#8. Gales Creek, Oregon

- 1-year price change: +$92,899 (+18.4%)
- 5-year price change: +$252,983 (+73.5%)
- Typical home value: $597,193 (#39 most expensive city in metro)
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#7. Gaston, Oregon

- 1-year price change: +$93,463 (+16.3%)
- 5-year price change: +$278,344 (+71.5%)
- Typical home value: $667,870 (#22 most expensive city in metro)
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#6. Brush Prairie, Oregon

- 1-year price change: +$100,146 (+13.6%)
- 5-year price change: +$338,114 (+68.0%)
- Typical home value: $835,267 (#4 most expensive city in metro)

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#5. Camas, Oregon

- 1-year price change: +$101,313 (+16.1%)
- 5-year price change: +$286,983 (+64.7%)
- Typical home value: $730,851 (#11 most expensive city in metro)
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#4. Underwood, Oregon

- 1-year price change: +$101,333 (+15.3%)
- 5-year price change: +$297,439 (+63.7%)
- Typical home value: $764,368 (#9 most expensive city in metro)
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#3. Lake Oswego, Oregon

- 1-year price change: +$103,504 (+12.7%)
- 5-year price change: +$295,637 (+47.3%)
- Typical home value: $920,711 (#2 most expensive city in metro)
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#2. Raleigh Hills, Oregon

- 1-year price change: +$118,581 (+13.0%)
- 5-year price change: +$308,154 (+42.4%)
- Typical home value: $1,034,225 (#1 most expensive city in metro)
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#1. West Slope, Oregon

- 1-year price change: +$122,671 (+16.9%)
- 5-year price change: +$297,313 (+53.8%)
- Typical home value: $850,273 (#3 most expensive city in metro)

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