I’ve analyzed data from the Zillow Home Value Index to uncover the most expensive residential markets across Oregon. What I found was fascinating – the Beaver State offers remarkable diversity in its luxury housing markets, with premium communities clustered around Portland’s affluent suburbs, scenic coastal towns, and Central Oregon’s outdoor recreation hubs.
My analysis reveals that Oregon’s high-end real estate market has experienced tremendous growth over the past decade, with several communities seeing home values more than double since 2011. Most striking are Bend and Powell Butte in Central Oregon, which have experienced extraordinary increases of 224% and 218% respectively since 2011 – the strongest long-term growth rates in the study. This reflects the region’s dramatic transformation from relatively affordable outdoor recreation destination to sophisticated luxury market drawing affluent buyers from across the country.
What particularly stands out is the acceleration in recent years, with coastal communities showing the strongest short-term growth. Towns like Manzanita, Cannon Beach, and Arch Cape have seen appreciation exceeding 58-66% just since 2020, indicating dramatically increased demand for coastal properties. Meanwhile, every community in the top 25 has average home values exceeding $636,000, with luxury towns like Powell Butte, Arch Cape, and Raleigh Hills approaching or exceeding the $900,000 threshold – testimony to Oregon’s appeal to affluent homebuyers seeking natural beauty, quality of life, and long-term investment potential.
25. Wilsonville
- 2025 Home Value: $636,824
- 2020 Home Value: $454,564
- 2015 Home Value: $346,167
- 2011 Home Value: $311,779
- % Change 2011-2025: 104.26%
- % Change 2015-2025: 83.96%
- % Change 2020-2025: 40.10%
Wilsonville has emerged as a premium suburb south of Portland, with home values surpassing $636,000 by 2025, up 104% since 2011. Located along the Willamette River, it offers excellent schools, quality parks, and easy freeway access. Recent appreciation of 40% since 2020 reflects strong demand from families and professionals. Wilsonville’s thoughtful planning, scenic environment, and community amenities continue attracting discerning buyers. Investing here promises sustained growth in a desirable location.
24. Neskowin
- 2025 Home Value: $639,181
- 2020 Home Value: $430,484
- 2015 Home Value: $323,293
- 2011 Home Value: $319,330
- % Change 2011-2025: 100.16%
- % Change 2015-2025: 97.71%
- % Change 2020-2025: 48.48%
Neskowin’s home values have doubled since 2011, reaching over $639,000 by 2025, marking it as a premier coastal retreat. Nestled between Lincoln City and Pacific City, Neskowin offers unmatched tranquility and iconic coastal scenery. The remarkable 48% increase since 2020 indicates soaring popularity with affluent second-home buyers. Limited development ensures exclusivity, privacy, and sustained appreciation. Buying in Neskowin offers strong rental potential and an idyllic lifestyle investment.
23. Gaston
- 2025 Home Value: $648,524
- 2020 Home Value: $441,921
- 2015 Home Value: $291,453
- 2011 Home Value: $250,113
- % Change 2011-2025: 159.29%
- % Change 2015-2025: 122.51%
- % Change 2020-2025: 46.75%
Gaston has seen remarkable appreciation of over 159% since 2011, with home values nearing $649,000 by 2025. Situated southwest of Portland at the gateway to Oregon’s wine country, Gaston blends rural charm with convenient urban access. Recent 47% growth since 2020 highlights increasing appeal to homebuyers seeking spacious rural living. Gaston’s proximity to wineries, forests, and recreation at Hagg Lake enhances lifestyle appeal. Property here combines scenic beauty, investment potential, and quality living.
22. Eagle Creek
- 2025 Home Value: $654,259
- 2020 Home Value: $457,869
- 2015 Home Value: $304,069
- 2011 Home Value: $289,305
- % Change 2011-2025: 126.15%
- % Change 2015-2025: 115.17%
- % Change 2020-2025: 42.89%
Eagle Creek’s housing market grew over 126% since 2011, exceeding $654,000 by 2025. Located near Mount Hood’s foothills east of Portland, it offers spacious rural properties, privacy, and scenic surroundings. Recent 43% appreciation since 2020 underscores growing demand from buyers desiring country living close to urban amenities. Nearby outdoor attractions like Milo McIver State Park further boost lifestyle appeal. Eagle Creek remains attractive for long-term investment and serene living.
21. Aurora
- 2025 Home Value: $654,993
- 2020 Home Value: $455,210
- 2015 Home Value: $300,914
- 2011 Home Value: $282,743
- % Change 2011-2025: 131.66%
- % Change 2015-2025: 117.67%
- % Change 2020-2025: 43.89%
Aurora’s historic charm and prime location helped home values increase over 131% since 2011, reaching nearly $655,000 by 2025. This picturesque community south of Portland is renowned for antiques, wineries, and rural sophistication. Recent 44% appreciation since 2020 shows rising interest in Aurora’s combination of character and convenience. Larger lots, historic properties, and easy access to Salem and Portland attract upscale buyers. Aurora continues as a strong investment blending heritage with growth potential.
20. Damascus
- 2025 Home Value: $660,948
- 2020 Home Value: $485,216
- 2015 Home Value: $336,624
- 2011 Home Value: $307,088
- % Change 2011-2025: 115.23%
- % Change 2015-2025: 96.35%
- % Change 2020-2025: 36.22%
Damascus experienced impressive appreciation exceeding 115% since 2011, with home values surpassing $660,000 by 2025. Located southeast of Portland, Damascus combines suburban comfort with rural atmosphere, larger homesites, and excellent schools. Recent growth of 36% since 2020 highlights steady desirability as families seek space and nature. Despite disincorporation, its community identity remains strong, supporting robust property values. Investing here offers an ideal balance of rural charm and metropolitan access.
19. Mulino
- 2025 Home Value: $687,224
- 2020 Home Value: $503,345
- 2015 Home Value: $323,746
- 2011 Home Value: $300,595
- % Change 2011-2025: 128.62%
- % Change 2015-2025: 112.27%
- % Change 2020-2025: 36.53%
Mulino’s home values rose nearly 129% since 2011, approaching $687,000 by 2025, reflecting its increasing appeal for rural living south of Oregon City. Known for larger properties with acreage, it attracts buyers seeking agricultural opportunities and privacy. Recent appreciation of over 36% since 2020 underscores rising demand for space, tranquility, and nature. Mulino’s scenic views and proximity to recreation along the Molalla River further boost desirability. Property here remains a solid choice for spacious country living with strong returns.
18. Happy Valley
- 2025 Home Value: $687,742
- 2020 Home Value: $502,743
- 2015 Home Value: $375,837
- 2011 Home Value: $315,849
- % Change 2011-2025: 117.74%
- % Change 2015-2025: 82.99%
- % Change 2020-2025: 36.80%
Happy Valley established itself as a premier suburb with home values growing nearly 118% since 2011, reaching $688,000 by 2025. Located southeast of Portland, Happy Valley offers upscale homes, excellent schools, parks, and abundant amenities. Recent appreciation of 37% since 2020 demonstrates consistent demand from affluent professionals and families. Thoughtful community planning and beautiful natural surroundings maintain Happy Valley’s status as one of Portland’s most desirable suburbs. Investing here promises reliable growth and lifestyle quality.
17. Hood River
- 2025 Home Value: $693,166
- 2020 Home Value: $477,792
- 2015 Home Value: $333,466
- 2011 Home Value: $295,478
- % Change 2011-2025: 134.59%
- % Change 2015-2025: 107.87%
- % Change 2020-2025: 45.08%
Hood River’s scenic beauty and outdoor recreation drove a 135% increase since 2011, reaching over $693,000 by 2025. Situated in the spectacular Columbia Gorge, Hood River attracts lifestyle-oriented buyers seeking adventure and natural amenities. Recent 45% growth since 2020 reflects surging popularity as remote workers and retirees move in. Its thriving downtown, abundant recreation, and proximity to Portland ensure continued appeal. Property here combines exceptional quality of life with impressive appreciation potential.
16. Camp Sherman
- 2025 Home Value: $694,265
- 2020 Home Value: Data not available
- 2015 Home Value: Data not available
- 2011 Home Value: Data not available
- % Change 2011-2025: Not available
- % Change 2015-2025: Not available
- % Change 2020-2025: Not available
Camp Sherman, set along the pristine Metolius River in Central Oregon, reached values around $694,000 by 2025. This exclusive mountain retreat is known for world-class fly fishing, hiking, and idyllic forested settings. Though detailed historical data is limited, Camp Sherman consistently attracts affluent buyers seeking serenity and recreation. Limited property supply and its unique natural beauty support sustained high market value. Investing here provides an exceptional lifestyle and long-term value in a pristine wilderness setting.
15. Mount Hood Parkdale
- 2025 Home Value: $694,932
- 2020 Home Value: $494,485
- 2015 Home Value: $360,276
- 2011 Home Value: $304,833
- % Change 2011-2025: 127.97%
- % Change 2015-2025: 92.89%
- % Change 2020-2025: 40.54%
Mount Hood Parkdale’s home values increased about 128% since 2011, nearing $695,000 by 2025. Located in Hood River Valley beneath Mount Hood, Parkdale attracts buyers desiring orchards, vineyards, and stunning mountain views. Recent 41% growth since 2020 reflects rising interest in spacious rural properties offering outdoor recreation. Proximity to skiing, hiking, and the vibrant town of Hood River enhances appeal. Property here provides scenic lifestyle opportunities with sustained investment potential.
14. Boring
- 2025 Home Value: $702,727
- 2020 Home Value: $498,897
- 2015 Home Value: $342,532
- 2011 Home Value: $321,514
- % Change 2011-2025: 118.57%
- % Change 2015-2025: 105.16%
- % Change 2020-2025: 40.86%
Boring experienced a notable 119% increase since 2011, with home values surpassing $702,000 by 2025, proving it’s anything but dull. Situated near Portland’s east side, Boring offers spacious properties ideal for farms, equestrian estates, and private retreats. Recent 41% appreciation since 2020 highlights continued demand for rural-suburban settings with excellent schools. Proximity to outdoor recreation and urban amenities ensures consistent growth. Boring offers buyers attractive lifestyle options coupled with reliable appreciation.
13. Rickreall
- 2025 Home Value: $713,444
- 2020 Home Value: $501,772
- 2015 Home Value: $346,899
- 2011 Home Value: $313,891
- % Change 2011-2025: 127.29%
- % Change 2015-2025: 105.66%
- % Change 2020-2025: 42.18%
Rickreall’s home values rose over 127% since 2011, reaching approximately $713,000 by 2025. Located west of Salem near Oregon’s wine country, Rickreall provides spacious rural properties ideal for vineyards or luxury estates. Recent appreciation exceeding 42% since 2020 underscores growing interest in scenic countryside living within easy reach of urban centers. Its strategic location, picturesque landscapes, and agricultural charm continue to attract upscale homebuyers. Rickreall remains appealing for investment and rural sophistication.
12. Bend
- 2025 Home Value: $726,212
- 2020 Home Value: $467,757
- 2015 Home Value: $320,368
- 2011 Home Value: $223,907
- % Change 2011-2025: 224.34%
- % Change 2015-2025: 126.68%
- % Change 2020-2025: 55.25%
Bend’s extraordinary 224% growth since 2011 positions it among Oregon’s fastest-growing markets, with home values surpassing $726,000 by 2025. Set in Central Oregon, Bend attracts lifestyle buyers with skiing, mountain biking, breweries, and sunshine. Recent 55% appreciation since 2020 underscores intense demand driven by remote work flexibility. Bend’s popularity as a top lifestyle destination ensures continued robust growth. Property here provides exceptional lifestyle benefits and unmatched appreciation potential.
11. Beavercreek
- 2025 Home Value: $736,926
- 2020 Home Value: $520,624
- 2015 Home Value: $349,575
- 2011 Home Value: $324,268
- % Change 2011-2025: 127.26%
- % Change 2015-2025: 110.81%
- % Change 2020-2025: 41.55%
Beavercreek’s property values surged 127% since 2011, reaching nearly $737,000 by 2025. Located southeast of Portland, Beavercreek appeals to buyers seeking spacious rural properties within commuting distance. Recent 41% appreciation since 2020 highlights strong interest in peaceful countryside living. Its scenic landscapes, larger homesites, and proximity to urban conveniences maintain appeal. Investing in Beavercreek offers a desirable combination of rural charm, suburban convenience, and steady market growth.
10. West Linn
- 2025 Home Value: $751,158
- 2020 Home Value: $524,671
- 2015 Home Value: $395,222
- 2011 Home Value: $348,438
- % Change 2011-2025: 115.58%
- % Change 2015-2025: 90.06%
- % Change 2020-2025: 43.17%
West Linn’s prestigious market grew over 115% since 2011, exceeding $751,000 by 2025. Located along the Willamette River near Portland, West Linn offers upscale neighborhoods, top schools, and outstanding community amenities. Recent 43% appreciation since 2020 underscores consistent demand among affluent families. Preservation of parks, riverfront access, and exceptional quality of life maintain West Linn’s premium status. Investing here ensures a combination of lifestyle excellence and reliable growth.
9. West Slope
- 2025 Home Value: $765,431
- 2020 Home Value: $544,916
- 2015 Home Value: $401,009
- 2011 Home Value: $334,627
- % Change 2011-2025: 128.74%
- % Change 2015-2025: 90.88%
- % Change 2020-2025: 40.47%
West Slope’s values increased nearly 129% since 2011, surpassing $765,000 by 2025, driven by proximity to Portland’s employment centers. Situated conveniently between Beaverton and Portland, West Slope offers mid-century homes on larger lots with easy commutes. Recent 40% appreciation since 2020 highlights continued desirability among professionals. Excellent schools, shopping, and accessibility enhance West Slope’s appeal. Property ownership here provides location advantages and consistent appreciation.
8. Durham
- 2025 Home Value: $783,796
- 2020 Home Value: $561,690
- 2015 Home Value: $420,782
- 2011 Home Value: $348,899
- % Change 2011-2025: 124.65%
- % Change 2015-2025: 86.27%
- % Change 2020-2025: 39.54%
Durham, a quiet upscale community near Tigard and Tualatin, has home values reaching $783,796 by 2025, up nearly 125% since 2011. Recent 40% appreciation since 2020 highlights its growing desirability among affluent Portland-area buyers. Residents enjoy privacy, green spaces, trails, and exceptional Tigard-Tualatin schools. Its strategic location near employment hubs adds convenience. Durham remains an ideal blend of secluded living and urban accessibility.
7. Sisters
- 2025 Home Value: $801,564
- 2020 Home Value: $489,525
- 2015 Home Value: $360,663
- 2011 Home Value: $305,501
- % Change 2011-2025: 162.38%
- % Change 2015-2025: 122.25%
- % Change 2020-2025: 63.74%
Sisters, a charming mountain town near Bend, saw remarkable 162% growth since 2011, exceeding $801,564 by 2025. Its rapid 64% increase since 2020 reflects surging popularity driven by remote work and recreation-focused lifestyles. Known for its western-themed downtown, arts scene, and proximity to outdoor adventures, Sisters attracts affluent buyers seeking mountain tranquility. The town’s balanced growth preserves small-town charm while expanding amenities. Investing here provides lifestyle excellence and exceptional appreciation potential.
6. Manzanita
- 2025 Home Value: $807,701
- 2020 Home Value: $486,450
- 2015 Home Value: $376,207
- 2011 Home Value: $378,566
- % Change 2011-2025: 113.36%
- % Change 2015-2025: 114.70%
- % Change 2020-2025: 66.04%
Manzanita, an upscale coastal retreat, experienced a 113% rise since 2011, surpassing $807,701 by 2025. Stunning recent 66% growth since 2020 shows strong demand for vacation homes and secluded oceanfront living. Known for its pristine beaches, boutique shopping, fine dining, and lack of commercial overdevelopment, Manzanita appeals to affluent second-home buyers. Limited inventory ensures sustained exclusivity. Buying here promises robust appreciation alongside coastal luxury.
5. Lake Oswego
- 2025 Home Value: $873,502
- 2020 Home Value: $600,597
- 2015 Home Value: $458,936
- 2011 Home Value: $404,853
- % Change 2011-2025: 115.76%
- % Change 2015-2025: 90.33%
- % Change 2020-2025: 45.44%
Lake Oswego, Portland’s premier suburb, saw home values rise over 115% since 2011, reaching $873,502 by 2025. Recent 45% appreciation since 2020 underscores continued desirability among affluent professionals seeking prestige, safety, and top-ranked schools. Known for its upscale neighborhoods, lakefront homes, vibrant downtown, and extensive recreational amenities, Lake Oswego maintains premium status. Its proximity to Portland enhances convenience. Investing here ensures luxury, lifestyle, and sustained growth.
4. Cannon Beach
- 2025 Home Value: $890,711
- 2020 Home Value: $537,544
- 2015 Home Value: $406,183
- 2011 Home Value: $411,798
- % Change 2011-2025: 116.30%
- % Change 2015-2025: 119.29%
- % Change 2020-2025: 65.70%
Iconic Cannon Beach experienced a 116% increase since 2011, nearing $890,711 by 2025. Recent 66% growth since 2020 highlights its popularity as Oregon’s quintessential upscale coastal destination. Homebuyers value its natural beauty, upscale dining, galleries, and limited development preserving village charm. Demand from affluent second-home buyers and investors remains strong, ensuring long-term appreciation. Cannon Beach offers prestige, natural splendor, and significant investment potential.
3. Raleigh Hills
- 2025 Home Value: $904,538
- 2020 Home Value: $645,375
- 2015 Home Value: $486,141
- 2011 Home Value: $411,637
- % Change 2011-2025: 119.74%
- % Change 2015-2025: 86.07%
- % Change 2020-2025: 40.16%
Raleigh Hills, a prestigious close-in Portland community, increased 120% since 2011, surpassing $904,538 by 2025. Recent 40% appreciation since 2020 demonstrates strong demand for larger homes, excellent schools, and quick downtown commutes. Residents enjoy spacious properties, mature landscaping, and easy access to employment centers and shopping. Its location near tech corridors and medical facilities adds to its desirability. Raleigh Hills offers stable appreciation, convenience, and upscale suburban living.
2. Arch Cape
- 2025 Home Value: $931,422
- 2020 Home Value: $588,523
- 2015 Home Value: $468,481
- 2011 Home Value: $440,224
- % Change 2011-2025: 111.58%
- % Change 2015-2025: 98.82%
- % Change 2020-2025: 58.26%
Arch Cape, an exclusive coastal enclave south of Cannon Beach, saw values rise 112% since 2011, reaching $931,422 by 2025. Remarkable recent growth of 58% since 2020 underscores surging demand for private oceanfront luxury homes. Buyers appreciate Arch Cape’s tranquil beaches, breathtaking vistas, and absence of commercial activity, ensuring privacy. Limited properties maintain exclusivity, attracting affluent investors. Investing here secures prestige, unparalleled coastal beauty, and long-term appreciation.
1. Powell Butte
- 2025 Home Value: $986,350
- 2020 Home Value: $587,526
- 2015 Home Value: $404,082
- 2011 Home Value: $310,350
- % Change 2011-2025: 217.82%
- % Change 2015-2025: 144.10%
- % Change 2020-2025: 67.88%
Powell Butte leads Oregon with an extraordinary 218% rise since 2011, approaching $986,350 by 2025. Its stunning recent 68% appreciation since 2020 is the highest statewide, fueled by buyers seeking luxury ranches, acreage, and mountain views east of Bend. Known for panoramic Cascade vistas, large private properties, and genuine rural lifestyles, Powell Butte attracts high-net-worth buyers prioritizing space and tranquility. Its proximity to Bend offers additional amenities. Property investment here promises elite rural living and unmatched long-term gains.
