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Gresham city, OR

ZIP 97080 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97080

Median Home Value
$485,000
Median Rent
$1,404
Affordability Snapshot
$134,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,116/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

28.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97080 in Gresham city, OR, a household would need roughly $134,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,116. That is about 39% above the local median household income ($96,218), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.6%+11% vs US avg
x
Vacancy Rate
3.6%-65% vs US avg
x
Broadband Access
95.4%+10% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
1.6%-77% vs US avg
x
Rent Burden >30%
16.3%-67% vs US avg
x
Mortgage-Free
27.2%-29% vs US avg
x
$485,000
Home Value
$1,404
Rent
1988
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.0%
  • 1-unit attached4.2%
  • 2-9 units9.1%
  • 10+ units11.5%
  • Mobile home & other3.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$485,000
Median rent$1,404
Owner-occupied72.6%
Vacant3.6%
Price-to-income5.0x
Est. income to buy$134,000