Gresham, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Gresham, Oregon rental market.
Gresham, Oregon
Average Apartment Rent
$1,687
Y-o-Y Change in Average
Apartment Rent
3.5%
As of November 2024
Compared to a year ago, Gresham, Oregon apartments have recorded a 3.5% rent increase.
Gresham, Oregon Average apartment rent trend
Gresham, Oregon Average Apartment Rent
Gresham, Oregon Apartment rent ranges
At 55.18%, apartments priced $1,500 - $2,000 represent the bulk of Gresham, Oregon rentals, while condos priced Over $2,000 hold the lowest share of the market – 15.29%.
Gresham, Oregon Housing tenure**
Renters take up 45% of Gresham, Oregon real estate, occupying a total of 18,870 units, while homeowners live in 23,373 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$47,999
Average household size of renter-occupied housing units**
2.52
Rental vacancy rate**
5.2%
Gresham, Oregon Renter-occupied housing units by no. of bedrooms**
There are 9,741 rentals in Gresham, Oregon with 2 beds making up the highest share of the market, at 52%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 235 units. Overall, the median number of rooms in Gresham, Oregon homes for rent is 4.
Gresham, Oregon Renter-occupied units by age of householder**
Most condos for rent in Gresham, Oregon are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
Gresham, Oregon Renter-occupied housing units by family type**
Gresham, Oregon Renter-occupied housing units by the presence of own children**
A total of 10,551 apartments for rent in Gresham, Oregon, or 56% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 6,624 units. All in all, the median size of a renter-occupied household in Gresham, Oregon is 2.52.
Gresham, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Gresham, Oregon.
Gresham, Oregon Renter-occupied units by year structure built**
The highest share of Gresham, Oregon apartment rentals, namely 26% or 4,844 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (21%, 4,030 units), and the ones Built 1980 - 1989 (20%, 3,814 units).
Gresham, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Gresham, Oregon renters (49%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Gresham, Oregon condos for rent is 2016.
Gresham, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Gresham, Oregon renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 17% have No vehicle available.
Gresham, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Gresham, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Gresham, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
