Metro area index
Home appreciation in the Portland-Vancouver-Hillsboro, OR-WA metro area
FHFA HPI® data shows the Portland-Vancouver-Hillsboro, OR-WA metro area's all-transactions index changed +1.4% over the year to Q2 2026, versus +1.6% for Oregon and +3.0% for the U.S. That ranks 303rd of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +1.4%
- 5-year change
- +21.2%
- Since Q1 1995
- +356%
- Metro rank (1 year)
- 303rd
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Portland-Vancouver-Hillsboro, OR-WA vs Oregon and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Portland-Vancouver-Hillsboro, OR-WA: 455.9
- Oregon: 447.6
- United States: 391.6
Appreciation by time window
| Window | Metro | OR | U.S. | Gap vs OR | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +1.4% | +1.6% | +3.0% | −0.3 pts | −1.6 pts |
| 3 years | +4.5% | +6.0% | +12.9% | −1.5 pts | −8.4 pts |
| 5 years | +21.2% | +23.8% | +41.3% | −2.7 pts | −20.1 pts |
| 10 years | +70.8% | +80.0% | +93.3% | −9.2 pts | −22.5 pts |
| Since Q1 1995 | +356% | +348% | +292% | +8.3 pts | +64.3 pts |
3-digit ZIP regions in the Portland-Vancouver-Hillsboro, OR-WA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 972 · Portland, OR area | OR | +1.2% | +15.2% | +401% | 100% |
| 970 · Beaverton, OR area | OR | +1.2% | +23.5% | +325% | 88% |
| 971 · Hillsboro, OR area | OR | +1.9% | +28.3% | +348% | 80% |
| 986 · Vancouver, WA area | WA | +2.0% | +31.1% | +339% | 76% |
Boom, bust, and recovery in Portland-Vancouver-Hillsboro, OR-WA area
Portland-Vancouver-Hillsboro, OR-WA area's index peaked in Q4 2007, fell 24.9% to its low in Q2 2012, and regained its peak in Q3 2015, about 7.8 years after the top. Today it sits +88.8% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q4 2007 | Q2 2012 | -24.9% | Q3 2015 (7.8 yrs) | +88.8% |
| OR | Q2 2007 | Q2 2012 | -26.0% | Q1 2016 (8.8 yrs) | +87.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Portland-Vancouver-Hillsboro, OR-WA area's index has changed +106% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | OR after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -2.4% | -2.1% | -0.8% |
| 3 years | +9.8% | -4.8% | -3.5% | +2.8% |
| 5 years | +24.0% | -2.3% | -0.1% | +13.9% |
| 10 years | +39.1% | +22.8% | +29.4% | +39.0% |
| Since Q1 1995 | +121% | +106% | +102% | +76.8% |
If you bought in the Portland-Vancouver-Hillsboro, OR-WA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +343% | $1,328,880 |
| Q2 2000 | +243% | $1,029,239 |
| Q2 2005 | +142% | $725,029 |
| Q2 2010 | +131% | $692,290 |
| Q2 2015 | +92.5% | $577,440 |
| Q2 2020 | +38.1% | $414,321 |
| Q2 2021 | +21.2% | $363,536 |
| Q2 2023 | +4.5% | $313,486 |
| Q2 2025 | +1.4% | $304,184 |
Frequently asked questions
- How much have home prices risen in the Portland-Vancouver-Hillsboro, OR-WA area?
- FHFA HPI® data for the Portland-Vancouver-Hillsboro, OR-WA metro area shows changes of +1.4% over one year, +21.2% over five years, and +70.8% over ten years to Q2 2026, and +356% since Q1 1995.
- Is the Portland-Vancouver-Hillsboro, OR-WA area beating the national average?
- Over the past year the metro's index moved −1.6 pts versus the U.S.; over five years the gap is −20.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.