Home Values in Gresham, Oregon — 2026 Market Report
Updated March 2026 | Balanced Market | +4.8% YoY
The median home value in Gresham, Oregon is $435,000 as of March 2026, which is above the national median of $400,000. Home values in Gresham have increased by 4.8% over the past year and 26.4% over the last five years. With a population of 114,247 and a median household income of $58,250, the price-to-income ratio stands at 7.5x, making Gresham affordable for the average household.
Gresham Housing Market Conditions
| Metric | Gresham | National Avg |
|---|---|---|
| Median Home Value | $435,000 | $400,000 |
| YoY Appreciation | +4.8% | +3.8% |
| 5-Year Appreciation | +26.4% | +22.4% |
| Price per Sq Ft | $215 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 3.3 | 3.5 |
| List-to-Sale Ratio | 100% | 98.5% |
| Monthly Homes Sold | 88 | — |
| Foreclosure Rate | 0.42% | 0.3% |
Home Value Trends in Gresham
A homeowner who purchased at the median price of $344,146 five years ago in Gresham would have gained approximately $90,854 in equity, representing a 26.4% return on investment. Over the past year alone, the typical homeowner gained $19,924 in home equity.
Affordability in Gresham, OR
With a median household income of $58,250 and a median home price of $435,000, the price-to-income ratio in Gresham is 7.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,408 compared to estimated monthly ownership costs of $2,418 gives a rent-vs-buy ratio of 0.71. In Gresham, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Gresham
The effective property tax rate in Oregon is 0.97%. On a home valued at $435,000, the estimated annual property tax bill is $4,220, or approximately $352/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Gresham is 105.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Gresham, OR?
The median home value in Gresham, Oregon is $435,000 as of March 2026. Home values have changed +4.8% over the past year, with a 5-year appreciation of 26.4%.
Is Gresham a buyer's or seller's market?
Gresham is currently a balanced market with 3.3 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 100%. Supply and demand are relatively balanced.
Are home values going up in Gresham?
Yes, home values in Gresham have increased by 4.8% over the past year. The 5-year appreciation rate is 26.4%, meaning a home worth $344,146 five years ago is now worth $435,000.
Is it better to rent or buy in Gresham?
The average monthly rent in Gresham is $3,408, while estimated monthly homeownership costs are approximately $2,418. The price-to-rent ratio is 10.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Gresham, Oregon is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.