Multnomah County, OR · 15,111 properties with county records
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Gresham 97080 is in Multnomah, OR, part of the Portland Metro. The ZIP-wide typical value in Gresham 97080 is $511,451 (Zillow Home Value Index, September 2026), up 0.0% from a year earlier. Homes that sold went under contract in a median 29 days, and 23% of listings took a price cut (Redfin Data Center, period ending Sep 30, 2026). On Lotvox's market-leverage reading of that data, with 3.6 months of supply, neither buyers nor sellers hold a clear edge. The Lotvox Turnover Index is not published for 97080 yet: it appears only where a held-out test on the county's recorded sales beats chance. Across Multnomah's 31 ZIPs with a Zillow value, the middle one is $491,292, so 97080 sits 4% above the county middle. Typical rent is $1,624 a month (Zillow Observed Rent Index, September 2026). Lotvox holds county assessor records for 15,111 properties in 97080.
Headline value data through September 2026. Each source below carries its own date.
Is 97080 a buyer's or seller's market?
By Lotvox's leverage reading of Redfin data through Sep 30, 2026, 97080 is a balanced market. Homes went under contract in a median 29 days with 3.6 months of supply.
What do homes in 97080 sell for?
The ZIP-wide typical value in 97080 is $511,451 (Zillow Home Value Index, September 2026), up 0.0% in a year. County records put the median at about $352 per square foot (computed Apr 21, 2026).
Who is likely to sell in 97080?
Lotvox only publishes its Turnover Index where a held-out test on recorded sales beats chance, and 97080 has not passed that test yet. When it does, the score appears here.
How does 97080 compare to Multnomah?
97080's ZIP-wide typical value of $511,451 compares with a middle value of $491,292 across Multnomah's 31 ZIPs. Both are Zillow Home Value Index figures for September 2026.
Where does this 97080 data come from?
Values and rents come from Zillow's research data, sales pace from the Redfin Data Center, and property counts and turnover from county assessor and deed records. Each number on this page carries its own date, and the method is published at lotvox.com/methodology.
Cite as: Lotvox ZIP market record, 97080 Gresham, OR, data through September 2026, https://lotvox.com/portland/zip/97080
Listings Flow Ladder — 97080
Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026
the basin is fillingnet 25 listings/mo
Faucet — new listings
82/mo
92% of normal (89) · normal
Basin — active listings
203
131% of normal (155) · low
Months of supply
3.6 mo
derived — not published at this grain
Drain — closed sales
57/mo
69% of normal (82)
Net — faucet minus drain
+25/mo
filling
Reading
current
as of 2026-09-30
Compare against:2015-01-01 to 2019-12-31 · 5 same-month points
How plugged is the drain? Two definitions, both ours, deliberately not reconciled.
46%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
31%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month
Closed sales over 24 months — two different numbers, deliberately not merged.
6/mofall in the monthly rate (9%)— peak 63/mo (2025-10-31) to 57/mo now
339transactions that did not happen— summed monthly shortfall vs the same-month normal, over 21 months below it (vs 2015-19 (COVID excluded))
rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30
Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month. A fresher supply-only read (52 new, 156 active, 2026-09-01, Realtor.com inventory (county + ZIP), via Lotvox) is available but is NOT used in the net — that source publishes no closed sales, so subtracting across it would mix two vintages.
Should you buy here?
buyer-timing lens
46affordability /100
Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.
Payment burden
35.1%
stretched
Days on market
29
daily
Price cuts
23.0%
of active
Valuation
-37.4%
vs assessor
Days on market and price cuts: Redfin Data Center, rolling 90 days.
Rent: Zillow Observed Rent Index (ZORI). Ownership cost: Zillow Home Value Index (ZHVI), 20% down, 30-year loan at the current mortgage rate, plus 1.2% of the price a year.
Rent to price — the investor's question first
26.2×
price to annual rent
Lower is friendlier to a buy-to-let case. This is a ratio of published medians, not a yield on any particular property.
Price: Zillow Home Value Index (ZHVI). Annual rent: 12 months of Zillow Observed Rent Index (ZORI).
49
/100
Mixed
stable · balanced · prices rising year-over-year.
Price trend
62
Affordability
45
Valuation
35
Economic health
46
Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.
Buyer / seller
buyer-timing lens
Balanced Market
Needs 14.5% correction for affordability
DOM: 56d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)25
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)25
Days on Market (5%)60
Balanced market in 97080. List price is roughly fair — focus on condition and value. Payment burden: 33.0% of median income. Median days on market: 56. Renting is approximately 117% cheaper than buying (price-to-rent ratio: 26.0).
Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
STABLEBALANCED
Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.
Address lookup
$99 report path
Look Up an Address in 97080
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Median price: Zillow Home Value Index (ZHVI). Median rent: Zillow Observed Rent Index (ZORI). Days on market and active listings: Redfin Data Center, rolling 90 days.
Valuation
3 lenses, different anchors
vs assessor
-37.4%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$320,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+53.3%
County-wide market — the widest, slowest signal.
Multnomah+53.3%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
in 14,284 · out 16,162 · Multnomah County, OR (parent county of this ZIP)
active inventory
as of 2026-07-01 · IRS SOI county-to-county migration flows 2022-2023 + Redfin inventory history
Price bands
mix-shift
Price Bands — the median behind the median
A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from the most recent recorded sale per property in Multnomah.
Current tiers · 12 months to Apr 26floor 10 sales/tier
2 tiers had too few sales in this ZIP and are shown at county or metro level — see the stamp on each row.
Tier
Median
$/sqft
Sales
Share
Source
Under $250k
$179k
$191
23
3.9%
ZIP
$250k–$500k
$421k
$262
277
47.1%
ZIP
$500k–$750k
$566k
$265
251
42.7%
ZIP
$750k–$1M
$852k
$270
22
3.7%
ZIP
$1M–$1.5M
$1.23M
$302
11
1.9%
ZIP
$1.5M–$2M
$1.65M
$398
125
—
COUNTY · Multnomah, OR
$2M+
$3.51M
$420
218
—
COUNTY · Multnomah, OR
All sales (the headline median)
$499k
$263
588
100%
ZIP
No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.
National context — not local
NAR's aggregate existing-home median for the United States and the West census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 97080.
United States
West
Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.
Tiers computed from Lotvox parcel and deed substrate through Apr 26 (5 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.
ZIP 97080→Multnomah County, OR
12-Month Direction
-1Stable
Confidence
100%
DeterioratingStableImproving
BuildersLens Market Intelligence
Market Score
38· Weak
Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.
Payment Burden
35.1%
stretched
Source: Freddie Mac PMMS (FRED MORTGAGE30US) 7.32% · Zillow ZHVI · Census income · Updated 2026-10-22
Price-to-rent
26.2x
favors renting
Source: Zillow ZHVI ÷ (Zillow ZORI × 12)
Valuation18
+53.3%
overvalued
Source: Lotvox comps · Updated 2026-05-15
Supply/Demand
3.6 mo
balanced
Source: Redfin Data Center (ZIP): inventory ÷ monthly homes sold · Updated 2026-09-30
Insurance Risk
34/100
moderate
Source: FEMA/NFIP · Updated 2026-04
County distress indicators
ECONOMIC INDICATORS
Economic indicators are mixed relative to comparable U.S. counties.
Unemployment Rate
5.1%
OR 5.3%US 4.4%
Near national averages
Source: BLS LAUS · 2026-0858d ago
Poverty Rate
12.8%
OR 12.1%US 12.6%
Near national averages
Median Household Income
$86,247
OR $82,098US $82,006
Higher than most U.S. counties
Cost of Living (RPP)
103.2
OR 103.2US 100.3
Near national averages
Home Value (ZHVI)$511,408
County data: Zillow Home Value Index (ZHVI), BLS, Census ACS, CDC, FBI UCR, Federal Reserve, USDA
ZIP-wide typical value: Zillow Home Value Index (ZHVI); change is the 12-month change.
Owner stock, age of householder
Tenure by age of householder (ACS B25007) is not published below county. Any ZIP figure here is DERIVED from the county's age-specific owner rates applied to this ZIP's own age structure — never read directly.
Derived — this ZIP
No ZIP figure — this ZIP spans 2 counties
NOT DERIVED: this ZIP spans more than one county. Tenure by age is not published below county, and no single county rate applies here. Weighting by area would produce a number, not a measurement - area is a poor proxy for where households are. Each county's own figure is shown instead.
