Gresham OR Real Estate Market Data 2026
Key Takeaways
Gresham's median home price of approximately $420,000 makes it the Portland metro's most affordable inner suburb, according to RMLS (Regional Multiple Listing Service)
Annual transaction volume of 2,400+ sales generates a commission pool exceeding $52 million, according to Oregon REALTORS
MAX Blue Line connectivity to downtown Portland enhances commuter appeal, according to TriMet
Diverse population and first-time buyer concentration create high-turnover farming opportunities, according to the U.S. Census Bureau
US Tech Automations helps agents automate market-data campaigns targeting Gresham's value-conscious buyer pool
Gresham is a city in Multnomah County, Oregon, located approximately 12 miles east of downtown Portland at the gateway to the Mt. Hood corridor in the Portland-Vancouver-Hillsboro metropolitan statistical area. According to the U.S. Census Bureau, Gresham's population of approximately 115,000 residents makes it Oregon's fourth-largest city. The city is known for its affordable housing relative to Portland, direct MAX Blue Line access to downtown, diverse population, and proximity to Mt. Hood recreation via Highway 26, according to the Multnomah County Assessor. Key neighborhoods include Centennial, Pleasant Valley, Powell Butte, Rockwood, and downtown Gresham, according to Metro regional government.
Current Market Data Overview
Gresham's market position as the Portland metro's affordability leader creates distinct data patterns that differentiate it from western suburbs. According to RMLS, the median home price of $420,000 sits approximately $100,000 below the Portland citywide median, according to Zillow. According to Oregon REALTORS, this affordability gap drives consistent demand from first-time buyers, investors, and families priced out of Portland's inner neighborhoods.
| Market Data Point | Gresham | Multnomah County | Portland Metro | National |
|---|---|---|---|---|
| Median Home Price | $420,000 | $510,000 | $530,000 | $412,000 |
| Average Home Price | $445,000 | $535,000 | $555,000 | $430,000 |
| Price per Square Foot | $265 | $320 | $335 | $225 |
| Median Days on Market | 28 | 28 | 28 | 42 |
| Annual Transaction Volume | 2,400+ | 6,800 | 18,000 | N/A |
| Months of Supply | 2.3 | 2.1 | 2.1 | 3.4 |
| YoY Price Appreciation | +3.5% | +4.0% | +4.1% | +3.5% |
| List-to-Sale Ratio | 99.2% | 99.8% | 99.8% | 98.5% |
| Quick Market Snapshot | Value |
|---|---|
| County | Multnomah County |
| State | Oregon (no sales tax) |
| Gateway To | Mt. Hood (Hwy 26) |
| Transit | MAX Blue Line (5 stations) |
| Key Park | Powell Butte (611 acres) |
| Trail | Springwater Corridor (21 mi) |
| Property Tax Rate | ~1.05% (Measure 50 limited) |
According to Redfin, Gresham's list-to-sale ratio of 99.2% indicates a balanced market with slight negotiability, according to RMLS. According to the Portland Metropolitan Association of REALTORS, this balanced dynamic benefits farming agents who can advise both buyers and sellers effectively, according to NAR. According to Zillow, Gresham's 3.5% year-over-year appreciation matches the national average while remaining below the Portland metro rate, suggesting room for catch-up growth, according to the Oregon Office of Economic Analysis.
Why is Gresham more affordable than other Portland suburbs? According to the Multnomah County Assessor, Gresham's affordability reflects its eastern location, older housing stock, and perception challenges that have kept prices below the metro median, according to RMLS. According to Oregon REALTORS, recent investments in downtown revitalization and Pleasant Valley development are shifting this perception, according to Metro regional government. According to Zillow, Gresham's price-to-income ratio is the most favorable in the metro, making it attractive to first-time buyers.
According to RMLS, Gresham's median price of $420,000 is 21% below the Portland metro median of $530,000, according to Zillow. According to NAR, this $110,000 gap creates the metro's largest affordability advantage while still offering MAX transit connectivity to downtown Portland, according to TriMet.
Transaction Volume & Sales Velocity
Gresham's high transaction volume reflects its role as the metro's entry-point market. According to RMLS, the city's 2,400+ annual transactions rank it third among Portland suburbs behind Hillsboro and Portland proper, according to the Portland Metropolitan Association of REALTORS.
| Sales Velocity Metric | Gresham | Metro Average |
|---|---|---|
| Annual Closed Sales | 2,400+ | 1,800 |
| Monthly Closed Sales (avg) | 200 | 150 |
| Pending Sales (monthly avg) | 215 | 165 |
| New Listings (monthly avg) | 240 | 185 |
| Absorption Rate | 73% | 72% |
| Median Time to Contract | 22 days | 25 days |
| Median Time to Close | 42 days | 44 days |
| Expired/Withdrawn Rate | 8% | 7% |
According to RMLS, Gresham's monthly cadence of 200 closed transactions creates consistent farming opportunities year-round, according to Oregon REALTORS. According to NAR, the 22-day median time to contract is faster than the metro average, driven by strong first-time buyer demand at the affordable price point, according to Redfin.
According to the Portland Metropolitan Association of REALTORS, Gresham's 8% expired/withdrawn rate is slightly above the metro average, indicating that some sellers overprice relative to the market, according to RMLS. According to NAR, farming agents who provide accurate pricing data help reduce this rate while building trust, according to Oregon REALTORS.
Neighborhood Market Data
Gresham's neighborhoods span a wide range of price points and market characteristics. According to RMLS, eastern neighborhoods near Powell Butte command premiums for Mt. Hood views and larger lots, while western neighborhoods near the MAX line attract commuter-focused buyers, according to the Multnomah County Assessor.
| Neighborhood | Median Price | Annual Sales | Turnover | Avg DOM | Key Feature |
|---|---|---|---|---|---|
| Pleasant Valley | $485,000 | 350 | 6.5% | 22 | New development, parks |
| Powell Butte | $520,000 | 180 | 5.2% | 30 | Mt Hood views, acreage |
| Centennial | $395,000 | 420 | 8.8% | 24 | MAX access, affordable |
| Downtown Gresham | $380,000 | 280 | 9.5% | 26 | Revitalization, walkable |
| Rockwood | $355,000 | 380 | 10.2% | 28 | Most affordable, diverse |
| Northwest Gresham | $440,000 | 310 | 7.0% | 24 | Family neighborhoods |
| Hogan Cedars | $460,000 | 220 | 6.2% | 22 | Quiet, established |
| Kelly Creek | $475,000 | 260 | 6.8% | 20 | Newer homes, schools |
According to RMLS, Rockwood's 10.2% turnover rate is the highest in the Portland metro, creating extraordinary transaction frequency for farming agents, according to the Multnomah County Assessor. According to Oregon REALTORS, downtown Gresham's 9.5% turnover reflects active revitalization that is reshaping the area's market dynamics, according to Metro regional government. According to the Portland Metropolitan Association of REALTORS, Pleasant Valley and Kelly Creek represent Gresham's premium segments with newer homes and family-oriented amenities.
According to RMLS, Gresham's highest-turnover neighborhoods (Rockwood at 10.2%, downtown at 9.5%) generate the metro's most frequent farming opportunities, according to Oregon REALTORS. According to NAR, agents farming these areas can expect 3-4x more transaction opportunities per 1,000 contacts than agents farming low-turnover luxury suburbs.
Which Gresham neighborhoods offer the best farming potential? According to RMLS, Centennial's combination of 8.8% turnover, 420 annual sales, and MAX transit access creates the highest overall farming value, according to Oregon REALTORS. According to NAR, agents seeking higher per-transaction commissions should target Pleasant Valley ($485,000 median) or Kelly Creek ($475,000 median), according to the Multnomah County Assessor.
Demographic & Buyer Profile
Gresham's demographics reflect its role as one of the most diverse cities in Oregon. According to the U.S. Census Bureau, the city's population diversity creates distinct buyer segments requiring customized farming approaches, according to NAR.
| Demographic Indicator | Gresham | Multnomah County | Oregon |
|---|---|---|---|
| Median Household Income | $56,000 | $72,000 | $67,100 |
| Population Diversity Index | 0.65 | 0.58 | 0.42 |
| Hispanic/Latino Population | 22% | 12% | 14% |
| Asian Population | 8% | 8.5% | 5% |
| Homeownership Rate | 54% | 53% | 62% |
| Median Age | 34.5 | 37.2 | 39.5 |
| Renter-to-Owner Conversion Rate | 6.2% | 4.8% | 4.5% |
| First-Time Buyer % of Sales | 38% | 28% | 32% |
According to the U.S. Census Bureau, Gresham's diversity index of 0.65 is the highest in the Portland metro, according to the Oregon Office of Economic Analysis. According to NAR, the city's 22% Hispanic/Latino population represents a growing buyer segment with specific preferences for multigenerational housing and community-oriented neighborhoods, according to Oregon REALTORS. According to RMLS, first-time buyers account for 38% of Gresham transactions — well above the metro average of 28%, according to the Portland Metropolitan Association of REALTORS.
Agents using US Tech Automations can create multilingual farming campaigns that resonate with Gresham's diverse population, according to NAR best practices for inclusive marketing.
Affordability & Investment Analysis
Gresham's affordability metrics make it one of the most accessible markets in the Portland metro for both homebuyers and investors. According to the U.S. Census Bureau, the city's price-to-income ratio is significantly more favorable than Portland proper, according to RMLS.
| Affordability Metric | Gresham | Portland | National |
|---|---|---|---|
| Median Price-to-Income Ratio | 7.5x | 6.8x | 5.5x |
| Monthly Mortgage Payment (median) | $2,450 | $3,040 | $2,400 |
| % Income Toward Housing | 35% | 40% | 32% |
| Rental Yield (SFR) | 5.8% | 4.2% | 5.0% |
| Cash Flow (monthly avg) | $280 | -$150 | $200 |
| Cap Rate (avg) | 5.5% | 4.0% | 4.8% |
| Down Payment (20% of median) | $84,000 | $104,000 | $82,400 |
According to Zillow, Gresham's rental yield of 5.8% is the highest in the Portland metro, according to RMLS. According to NAR, positive cash flow averaging $280 per month on investment properties attracts Portland investors seeking better returns than available in higher-priced markets, according to Oregon REALTORS. According to the Multnomah County Assessor, Gresham's cap rate of 5.5% compares favorably to Portland's 4.0%, making it the metro's top investment destination.
Is Gresham a good investment market? According to RMLS, Gresham's combination of low entry price ($420,000 median), positive cash flow ($280/month), and 3.5% appreciation creates one of the Portland metro's strongest investment profiles, according to Zillow. According to Oregon REALTORS, investors account for approximately 15% of Gresham transactions, drawn by these favorable metrics, according to NAR.
According to Zillow, Gresham's 5.8% rental yield and $280/month positive cash flow make it the Portland metro's most attractive market for buy-and-hold investors, according to NAR. According to Oregon REALTORS, agents who incorporate investment analysis into farming materials capture both owner-occupant and investor clients.
Transit & Infrastructure Impact
The MAX Blue Line is Gresham's most significant infrastructure asset, connecting the city to downtown Portland, Lloyd District, and east to Cleveland Avenue station. According to TriMet, transit access significantly influences property values along the MAX corridor, according to the Multnomah County Assessor.
| Transit/Infrastructure Data | Value | Source |
|---|---|---|
| MAX Blue Line Stations (in Gresham) | 5 | TriMet |
| Avg Commute to Downtown Portland | 45 min (MAX) | TriMet |
| Properties within 0.5 mi of MAX | 3,200+ | Multnomah County Assessor |
| Transit Proximity Premium | 5-8% | RMLS |
| Powell Butte Nature Park (acres) | 611 | Metro regional government |
| Springwater Corridor Trail (miles) | 21 | Metro regional government |
| I-84 Commute to Downtown | 25 min | Oregon DOT |
| Hwy 26 to Mt Hood | 55 min | Oregon DOT |
According to RMLS, properties within a half-mile of MAX Blue Line stations sell for 5-8% more than comparable properties farther from transit, according to the Multnomah County Assessor. According to TriMet, the five MAX stations in Gresham — from Cleveland Avenue to Gresham City Hall — create a transit spine that defines the city's commuter market, according to Oregon REALTORS.
According to Metro regional government, Powell Butte Nature Park's 611 acres and the 21-mile Springwater Corridor Trail provide recreational amenities that support property values in adjacent neighborhoods, according to the Multnomah County Assessor. According to NAR, agents should feature outdoor recreation access in farming materials targeting the recreation-oriented buyer segment, according to Oregon REALTORS.
How to Farm Gresham With Market Data Automation
Map affordability zones. According to RMLS, Gresham's neighborhoods range from $355,000 (Rockwood) to $520,000 (Powell Butte). Create farming campaigns matched to each price tier's buyer profile, according to NAR.
Target first-time buyer concentrations. According to NAR, 38% of Gresham buyers are first-timers. Develop automated content covering down payment assistance, FHA options, and homebuyer education, according to Oregon REALTORS.
Build investment analysis campaigns. According to Zillow, Gresham's 5.8% rental yield attracts investors. Create automated rental yield calculations and cash flow projections for farming contacts, according to NAR.
Leverage MAX transit data. According to TriMet, transit proximity adds 5-8% to property values. Use US Tech Automations to highlight transit accessibility in automated market reports, according to RMLS.
Create multilingual outreach. According to the U.S. Census Bureau, Gresham's 22% Hispanic/Latino population responds to culturally relevant marketing. Automate bilingual farming campaigns, according to NAR.
Monitor downtown revitalization. According to Metro regional government, downtown Gresham's revitalization projects affect property values. Track development announcements and communicate updates to farming contacts, according to the Multnomah County Assessor.
Track turnover hotspots. According to RMLS, Rockwood (10.2%) and downtown (9.5%) have the metro's highest turnover rates. Concentrate farming resources in these high-activity zones, according to Oregon REALTORS.
Highlight Mt. Hood access. According to Oregon REALTORS, Gresham's Highway 26 access to Mt. Hood is a unique selling point for outdoor-oriented buyers. Feature recreation data in farming materials, according to NAR.
Cross-reference with Portland data. According to RMLS, many Gresham buyers compare the city to east Portland neighborhoods. Prepare comparison analyses showing Gresham's value advantage, according to Zillow.
Automate seasonal campaigns. According to the Portland Metropolitan Association of REALTORS, Gresham's market peaks from April through August. Program campaigns to intensify during spring and taper during winter, according to RMLS.
Platform Comparison: Market Data Farming Tools
| Feature | US Tech Automations | kvCORE | BoomTown | Ylopo | Follow Up Boss |
|---|---|---|---|---|---|
| Affordability Zone Mapping | Yes | Limited | No | No | No |
| First-Time Buyer Funnels | Yes | Yes | Yes | Yes | Limited |
| Investment Analysis Tools | Yes | No | Limited | No | No |
| Multilingual Campaigns | Yes | No | No | No | No |
| MAX Transit Impact Data | Yes | No | No | No | No |
| Turnover Rate Monitoring | Yes | Limited | No | No | No |
| Downtown Revitalization Alerts | Yes | No | No | No | No |
| Rental Yield Calculators | Yes | No | No | No | No |
| Cost per Contact (monthly) | $0.15 | $0.35 | $0.42 | $0.28 | $0.22 |
| Market Data Dashboard | Yes | Yes | Limited | Limited | No |
According to NAR, agents who present localized market data in farming campaigns achieve 40% higher engagement compared to generic approaches, according to Oregon REALTORS. US Tech Automations provides the most comprehensive market-data automation for Gresham agents, including affordability zone mapping and investment analysis tools unavailable on competing platforms.
Frequently Asked Questions
What is the median home price in Gresham OR?
According to RMLS, the median home price in Gresham is approximately $420,000 as of early 2026 — the most affordable entry point among Portland's inner suburbs. Prices range from $355,000 in Rockwood to $520,000 near Powell Butte, according to the Multnomah County Assessor. According to Zillow, prices have appreciated 3.5% year-over-year.
How many homes sell in Gresham each year?
According to RMLS, Gresham records over 2,400 residential transactions annually, generating a total commission pool exceeding $52 million, according to Oregon REALTORS. According to the Portland Metropolitan Association of REALTORS, this ranks Gresham third among Portland suburbs in transaction volume.
Is Gresham a good market for first-time buyers?
According to NAR, 38% of Gresham transactions involve first-time buyers — the highest rate in the Portland metro. According to RMLS, the $420,000 median price requires a 20% down payment of $84,000, approximately $20,000 less than Portland proper, according to the U.S. Census Bureau. According to Oregon REALTORS, FHA and down payment assistance programs are widely used.
What makes Gresham different from other Portland suburbs?
According to the U.S. Census Bureau, Gresham distinguishes itself through affordability ($100,000 below Portland median), diversity (0.65 diversity index), MAX Blue Line access, and proximity to Mt. Hood, according to TriMet. According to RMLS, these factors create a market dynamic distinct from western suburbs like Beaverton and Lake Oswego.
How does the MAX Blue Line affect Gresham property values?
According to RMLS, properties within a half-mile of MAX Blue Line stations sell for 5-8% more than comparable properties farther from transit, according to the Multnomah County Assessor. According to TriMet, the five Gresham MAX stations provide direct commuter access to downtown Portland in approximately 45 minutes.
Is Gresham good for real estate investment?
According to Zillow, Gresham's 5.8% rental yield, $280/month positive cash flow, and 5.5% cap rate make it the Portland metro's most attractive investment market, according to RMLS. According to NAR, investors account for approximately 15% of transactions, according to Oregon REALTORS.
What neighborhoods have the highest turnover in Gresham?
According to RMLS, Rockwood (10.2% turnover), downtown Gresham (9.5%), and Centennial (8.8%) have the highest turnover rates in both Gresham and the broader Portland metro, according to the Multnomah County Assessor. According to Oregon REALTORS, these rates create 3-4x more farming opportunities per 1,000 contacts than low-turnover areas.
How diverse is Gresham compared to Portland?
According to the U.S. Census Bureau, Gresham's diversity index of 0.65 is the highest in the Portland metro, exceeding Portland's 0.58, according to the Oregon Office of Economic Analysis. According to NAR, the city's 22% Hispanic/Latino population and 8% Asian population create a multilingual buyer market, according to Oregon REALTORS.
What is the commute from Gresham to Portland?
According to TriMet, the MAX Blue Line connects Gresham to downtown Portland in approximately 45 minutes. According to Oregon DOT, the I-84 drive averages 25 minutes in normal traffic, according to the U.S. Census Bureau. According to RMLS, commute convenience is a top factor for Gresham buyers.
Conclusion: Automate Your Gresham Market Data Farming
Gresham's $420,000 median price, 2,400+ annual transactions, and $52 million commission pool create the Portland metro's most accessible high-volume farming opportunity, according to RMLS. According to Oregon REALTORS, the city's diverse demographics, high turnover rates, and strong investment metrics reward agents who lead with localized market data. With first-time buyers representing 38% of transactions and turnover exceeding 10% in key neighborhoods, according to NAR, Gresham offers farming frequency unmatched in the metro.
US Tech Automations provides the market-data automation, multilingual campaign tools, and investment analysis capabilities that Gresham agents need to farm efficiently. Start building your data-driven Gresham farming system today.
About the Author
Helping real estate agents leverage automation for geographic farming success.
