Gresham, OR — Momentum Score, Home Values & Best-For

All states·Oregon·Gresham

Multnomah County · Portland-Vancouver-Hillsboro · population 111,507

Shrinking
Gresham, OR
Image: Wikipedia · Gresham, Oregon
OverviewCost of livingMoving guide
View watchlist →
52
Stable
Momentum score · 0–100

Where Gresham stands

Population shrinking 0.6% per year.

Median home $472,119
1-year -0.5%
5-yr CAGR +2.2%
vs 5-yr peak -3.4%
Population -0.6%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2022-06$472k$252k$337k$423k$508k201620182020202220242026

Lifestyle scores

🚶
Walkability
52/100
Somewhat walkable
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
30/100
Minimal transit
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
67/100
Strong remote-work fit
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,618/mo$1,261$1,489$1,718202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent111121100120202220242026

Rent vs buy

Price-to-rent ratio: 24.3
Lean rent

At a 24.3 price-to-rent ratio, the math is starting to lean toward renting in Gresham. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.

How the momentum score breaks down

methodology →
Home YoY
47 · w22%
Home 5-yr CAGR
48 · w22%
Distance from peak
69 · w18%
Population growth
36 · w16%
Rent YoY
52 · w12%
Home 10-yr CAGR
66 · w10%
Long thesis

Gresham has held up across the cycle: home values at $472,119 with +2.2% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Gresham's population is shrinking 0.6% per year. Housing demand has to come from somewhere — if people are leaving, the buyer pool is shrinking faster than the inventory. That eventually shows up in price.

About Gresham

Gresham is a city in Multnomah County, Oregon, with an estimated population of 111,507. It anchors the Portland-Vancouver-Hillsboro metro area. The population has contracted 0.6% per year on average since 2020. The median home value in Gresham is $472,119 as of 2026-04, down 0.5% over the last 12 months. Over the last five years, home values have averaged +2.2% annual growth (-3.4% from the 5-year peak). Rents in Gresham average $1,618 per month, roughly flat year-over-year (+1.0%). The composite momentum score is 52 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.

▲ Bull case

○The data is the data: Gresham has at least 5 years of Zillow tracking, full Census identification, and is included in the 1-criteria momentum score on this page.

▼ Bear case

●Flat or shrinking population: -0.6% per year. Housing demand has to come from somewhere — verify the source.
○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Gresham (Wikipedia)

Gresham is a city in the Willamette Valley, Located in Multnomah County in the U.S. state of Oregon, bordered by Portland to the northwest and partially in the southwest. It was first settled in the early 1850s by the Powell brothers. It remained unincorporated until 1905; it was named after Walter Quintin Gresham, an American Civil War general and United States Secretary of State.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

City facts

MayorTravis Stovall
Area23.65 sq mi
Elevation384 ft
Settled1851
Density4857.65/sq mi
Named forWalter Q. Gresham

Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.

Playbook

Buyer

Lifestyle fit matters more than market timing in a Stable market. Take your time on the home and neighborhood; the macro trend isn't urgent. Negotiate normally.

Seller

Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.

Investor

Stable cap rates, no big appreciation story to lean on. Underwrite this as a pure cash-flow play — the math has to work on rent alone.

Local safety & alerts

No active National Weather Service alerts for Multnomah County right now.

NWS active alerts (OR)Oregon Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Multnomah County routes NWS alerts; check the state EM portal for non-weather emergencies.

Neighborhoods of Gresham

13 tracked · ranked by median home value
1Gresham Butte$581,486+1.2%
2Pleasant Valley$539,218-0.7%
3Southwest$537,008+2.3%
4Kelly Creek$522,469-1.2%
5Northwest$475,657-0.8%
6Mount Hood$464,556-1.5%
7Powell Valley$460,143-2.5%
8Hollybrook$451,072+0.6%
9North Central$448,429-2.1%
10Centennial$436,623+1.7%
11Historic Southeast$432,302-2.4%
12Central City$364,825-3.5%
13Northeast$344,671-3.9%

Cities like Gresham

Grants Pass, OR54 · StableKeizer, OR60 · StableSpringfield, OR62 · RisingEugene, OR62 · Rising

Run the numbers for Gresham

ToolCan I afford Gresham?Income → city shortlistToolROI on a Gresham rentalCap rate, cash-on-cash, DSCRToolCompare Gresham to anywhereSide-by-side up to 3 citiesToolGresham cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
47° / 35°
avg high / low
Summer (Jul)
82° / 53°
avg high / low
Sunny days/yr
178
~49% of year
Annual precip
28″ rain
12″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Very low
Wildfire
High
Earthquake
High
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Gresham listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Portland-Vancouver-Hillsboro area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
75%
Very humid climate
Median household income
$80,400
Oregon state median
Top industries (state-level)
Tech (Intel)ManufacturingForestry

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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