Home prices
The median home in Gresham costs $287,900. This is about $46,020 (13%) lower compared to nearby areas.It is roughly $70,400 (32%) higher in comparison to the rest of the nation, and it is roughly $124,100 (30%) lower in comparison to the city of Portland.
Rents
Gresham's median monthly rent is $1,178. Compared to its surrounding areas this is about $189 (13%) lower.Compared to the rest of the nation it is about $116 (10%) higher, and compared to the city of Portland is about $70 (5%) lower.
Nearby places
Wood Village
Wood Village is Gresham's neighbor to the north. Housing prices there are a lot less expensive. Wood Village's median home value is $122,600, which is $165,300 (134%) lower than Gresham. Rent there is fairly similar. The median rent in Wood Village is $1,210 a month, which works out to $32 (2%) higher than Gresham.
Fairview
Fairview is Gresham's neighbor to the north. The housing prices there are similar. The cost of the median home in Fairview is $294,800, which works out to $6,900 (2%) higher than Gresham. Rents there are pretty similar. In Fairview the median rent is $1,232 a month, which is $54 (4%) higher than Gresham.
Troutdale
Troutdale is Gresham's neighbor to the northeast. The housing prices there are somewhat more expensive. The median home value in Troutdale is $309,600, which is $21,700 (7%) higher than Gresham. Its rents are fairly similar. Troutdale's median monthly rent is $1,195, which comes out to $17 (1%) higher than Gresham.
Damascus
Damascus is Gresham's neighbor to the south. Its real estate prices are significantly more expensive. The median home in Damascus is valued at $434,200, which comes out to $146,300 (33%) higher than Gresham. Its rents are a little more expensive. Damascus's median monthly rent is $1,598, which comes out to $420 (26%) higher than Gresham.
Happy Valley
Happy Valley is about 4 miles southwest from Gresham. Real estate prices there are significantly more expensive. The median home in Happy Valley is valued at $508,400, which is $220,500 (43%) higher than Gresham. The rent there is somewhat more expensive. In Happy Valley the median rent is $1,598 per month, which works out to $420 (26%) higher than Gresham.
