Land and home values in Multnomah County, Oregon
Multnomah County (metro core, Portland-Vancouver-Hillsboro, OR-WA) covers 431 square miles and 197 census tracts. Residential land is about $28.60 per sq ft at the county median, from $15.10 in its most rural tracts to $53.90 in its most valuable. The typical home is worth about $559,000 and a 2-bedroom rents for about $1,960 a month, as of October 12, 2026.
Open on the satellite mapAll of OregonCounty values
| Land: residential | $28.60 | per sq ft |
| Land: residential | $1.25M | per acre |
| Land: quarter-acre lot | $311,454 | 10,890 sq ft |
| Land: farmland | $11,600 | per acre |
| Home: typical (median) | $559,000 | value |
| Home: entry-level | $441,000 | lower quartile |
| Home: upper-end | $696,000 | upper quartile |
| Build new | $177 | per sq ft, no land |
| Rent: 1-bedroom | $1,720 | per month |
| Rent: 2-bedroom | $1,960 | per month |
| Rent: 3-bedroom | $2,700 | per month |
| Rent: 4-bedroom | $3,170 | per month |
| Gross yield, 2-bed | 4.2% | a year |
Price tiers
| Tier | Tracts | Land $/sq ft | Typical home | Rent 2-bed |
|---|---|---|---|---|
| Top tier | 28 | $47.30 | $892,000 | $2,100 |
| Upper | 46 | $38.20 | $706,000 | $2,060 |
| Mid | 57 | $27.30 | $556,000 | $1,960 |
| Entry | 64 | $16.30 | $439,000 | $1,860 |
| Rural | 2 | $14.50 | $689,000 | $2,560 |
Tiers rank neighborhoods by home value within each metro area; outside metro areas they follow how built-up the land is. They describe prices only.
Cities and towns
Highest-value places
| Place | Type | Land $/sq ft | Typical home |
|---|---|---|---|
| Waterfront Pearl | Subdivision | $81.50 | $777,000 |
| The Abigail | Subdivision | $81.00 | $777,000 |
| The Hubbard House | Subdivision | $79.80 | $770,000 |
| The Encore | Subdivision | $79.10 | $759,000 |
| The Watermark at the Pearl | Subdivision | $77.70 | $758,000 |
| Emmons Place | Subdivision | $73.10 | $701,000 |
| The Ramona | Subdivision | $69.50 | $707,000 |
| Waterline | Subdivision | $66.90 | $706,000 |
Questions people ask
How much is land worth in Multnomah County, OR?
Residential land in Multnomah County, OR is about $28.60 per square foot, or $1.25M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $311,454. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Multnomah County, OR?
The typical (median) home in Multnomah County, OR is worth about $559,000, with entry-level homes around $441,000 and upper-end homes around $696,000, as of October 2026.
How much is rent in Multnomah County, OR?
A 2-bedroom rents for about $1,960 a month in Multnomah County, OR, a 1-bedroom about $1,720 and a 3-bedroom about $2,700 (gross rent including utilities, HUD Fair Market Rent basis).
How much is farmland per acre in Multnomah County, OR?
Farmland averages about $11,600 an acre in Multnomah County, OR (USDA, including buildings), well below residential land.
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.