Clackamas County · Portland-Vancouver-Hillsboro · population 21,620
Where Milwaukie stands
Steady, no major recent move.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
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 · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 24.7 price-to-rent ratio, the math is starting to lean toward renting in Milwaukie. 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 →Milwaukie has held up across the cycle: home values at $521,312 with +2.6% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Milwaukie is a small market with thin transaction volume and modest appreciation. The bear case is liquidity: when you eventually sell, your buyer pool is small, slow, and price-sensitive.
About Milwaukie
Milwaukie is a city in Clackamas County, Oregon, with an estimated population of 21,620. It anchors the Portland-Vancouver-Hillsboro metro area. The population grew 0.6% annually from 2020 to 2024, a moderate gain. The median home value in Milwaukie is $521,312 as of 2026-04, up 0.0% over the last 12 months. Over the last five years, home values have averaged +2.6% annual growth (-2.8% from the 5-year peak). Rents in Milwaukie average $1,761 per month, roughly flat year-over-year (+0.6%). The composite momentum score is 57 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.
▲ Bull case
▼ Bear case
Playbook
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.
Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.
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 Clackamas County right now.
Public-safety links are official .gov sources, not curated by us. Clackamas County routes NWS alerts; check the state EM portal for non-weather emergencies.
Neighborhoods of Milwaukie
8 tracked · ranked by median home valueCities like Milwaukie
Run the numbers for Milwaukie
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
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
Find rentals & listings
Open current Milwaukie listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
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 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.
Cities similar to Milwaukie
Explore other places with comparable momentum or affordability.