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Rent To Own Homes in Gresham, OR 97080

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Living in Gresham, OR

Gresham, Oregon is a bustling suburb east of Portland known for its beautiful parks and strong sense of community. With excellent schools and numerous outdoor activities, it's an ideal place for families and active individuals alike. The proximity to both natural spaces and urban amenities makes Gresham a desirable location for those seeking a balanced lifestyle.

Current Market Conditions in Gresham, OR

The real estate market in Gresham has seen a steady increase in home prices over the past year, fueled by demand from buyers attracted to the city's suburban lifestyle and proximity to Portland. Low inventory levels have led to competitive bidding situations for many listings, pushing prices upward.

Investors and homebuyers are taking advantage of low mortgage interest rates, which has stimulated the market further. Average days on the market have decreased, indicating a strong demand for housing while supply remains constrained.

Home Value Estimator For Gresham, OR

There are currently 24,709 real estate properties in Gresham, OR, with a median automated valuation model (AVM) price of $490,423.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gresham, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gresham, OR, is $525,454.00, with the most expensive house in Gresham, OR, topping out at $79,485,844.00 and the cheapest home in Gresham, OR, clocking in at $10,447.00. In other words, there’s something for every potential homebuyer or savvy investor in Gresham, OR!

Rent Prices In Gresham, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gresham, OR, is on a rollercoaster ride. The average rent price in Gresham, OR, is $1,371.00. Indeed, when looking to rent in Gresham, OR, you can expect to pay as little as $670.00 or as much as $4,100.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Gresham, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Gresham, OR 97080 Rent To Own Homes

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