Where Home Values Soared in 2024: Top Appreciating Areas in the Portland Metro

If you’re a homeowner—or someone thinking about buying—in the Portland, Oregon metro area, knowing where values are rising the fastest can help guide your decisions. Today, we’re breaking down the biggest real estate appreciation winners of 2024, based on data from the December 2024 RMLS Market Action Report.

The overall Portland metro saw modest growth year-over-year, with:

• Median sale price: $543,000

• Average sale price: $568,500

• Annual appreciation: 1.8%

But a few standout neighborhoods and suburbs left those numbers in the dust.

1. Tigard & Wilsonville – Up 16.1%

Tigard and Wilsonville topped the list with a stunning 16.1% increase in home values. Why the surge? A combination of:

• Desirable, well-connected neighborhoods

• Easy freeway access

• Major employers (especially tech) setting up shop

Current Stats:

• Median price: $620,000

• Average price: $653,000

• Inventory: 2.4 months (tight)

Strong demand and low inventory continue to push prices higher in these booming communities.

2. Lake Oswego & West Linn – Up 7.6%

No surprise here—these affluent cities are known for their luxury homes, lake and river access, and highly rated schools. They remain top-tier destinations for those seeking upscale suburban living.

Current Stats:

• Median price: $831,000

• Average price: $1,004,426

• Inventory: 2.9 months

3. Gresham & Troutdale – Up 5.6%

One of the more surprising gainers, this eastside duo saw appreciation fueled by affordability and access to nature—close to the Columbia River Gorge and Mount Hood.

Current Stats:

• Median price: $494,900

• Inventory: 3 months

Still relatively budget-friendly, this area is gaining popularity among first-time buyers and outdoor lovers alike.

4. Columbia County (Scappoose & St. Helens) – Up 4.2%

Columbia County is often overlooked—but no more. With its small-town charm, river views, and value pricing, it saw a 4.2% jump this year.

Current Stats:

• Median price: $432,500

• Average price: $451,500

• Inventory: 2.4 months

Yes, it's farther out with limited services—but it's catching the eye of buyers seeking affordability and space.

5. Yamhill County (Wine Country) – Up 4.1%

Home to Oregon Wine Country, Yamhill County draws buyers with its beauty, food, and wine culture. Combine that with more reasonable prices, and it makes sense why it saw solid growth.

Current Stats:

• Median price: $480,000

• Average price: $554,500

6. Hillsboro & Forest Grove – Up 4.0%

Located in the tech corridor of Washington County, this area continues to grow thanks to job access and value relative to neighboring Beaverton.

Current Stats:

• Median price: $525,000

• Average price: $552,500

7. Canby & Oregon City – Up 2.3%

These charming communities in Clackamas County offer a small-town feel with proximity to Portland, making them attractive for families and lifestyle buyers.

Current Stats:

• Median price: $577,500

• Average price: $618,500

• Inventory: 2.7 months

8. Beaverton & Aloha – Up 2.7%

Still popular for their proximity to Portland and strong employment base, Beaverton and Aloha saw steady, healthy appreciation.

Current Stats:

• Median price: $541,500

• Average price: $555,500

• Inventory: 2.7 months

9. Northwest Washington County – Up 2.1%

Known for larger lots and a more rural feel—yet close to urban job centers—this area continues to attract lifestyle-driven buyers.

Current Stats:

• Median price: $725,000

• Average price: $772,600

What’s the Common Thread?

Across the board, we’re seeing four key trends:

• Job growth in and around tech hubs like Tigard, Hillsboro, and Beaverton

• Affordability in areas like Columbia County and Gresham

• Lifestyle-driven buying, from wine country to small-town suburbs

• Low inventory, which is keeping prices high

Whether you're looking to invest, relocate, or just stay in the loop, it pays to watch where values are heading. And if you're thinking about buying or selling in Clackamas County or the North Willamette Valley, I’d love to help you navigate what’s next.

Jennifer Schurter, your local real estate expert in the North Willamette Valley and Portland, Oregon metro suburbs would love you help you find your perfect place!