Quick facts: Gresham, OR

Quick Facts

111
Cost of Living
above US average
111,621
Population
33.79
Crime Rate per 1000
above US average
$69,437
Median Income
below US average
$440,000
Median House Price
above US average
$1622.21
Average Rent
above US average
13%
Poverty Rate
above US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $69,437.

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Income Needed to Buy

βœ— Stretch
$138k/year
Based on $440,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $138k vs median $69,437
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Income Needed to Rent

⚠ Stretch
$70k/year
Based on $1622.21/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $70k vs median $69,437
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gresham, OR

Gresham, Oregon, located in Multnomah County, is a vibrant city situated in the eastern part of the Portland metropolitan area. It is approximately 10 miles east of downtown Portland and is known for its picturesque natural surroundings, including the nearby Mount Hood and the Columbia River Gorge. With a population of around 110,000, Gresham is one of the largest cities in Oregon. The city's economy is diverse, with a mix of retail, healthcare, and manufacturing sectors. Notable shopping areas include the Gresham Station and East Hill Plaza. The city also offers a range of parks and recreational facilities, such as the 200-acre Powell Butte Nature Park and Gresham's many walking and biking trails. Community events, like the Gresham Arts Festival, showcase local culture, while the historic downtown area features unique shops and eateries. Gresham is also served by several schools within the Oregon Trail School District, emphasizing education and community involvement. With its blend of urban amenities and access to natural beauty, Gresham is a desirable place to live for families and outdoor enthusiasts alike.

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