Known as "The City of Music," Gresham is located in the Pacific Northwest between Mt. Hood and the Columbia River Gorge, 10 miles east of Portland. Gresham is the fourth largest city in Oregon and is the host of the Mt. Hood Jazz Festival, just one of the many music festivals held in the city. Gresham is the ultimate place to enjoy fine dining, a variety of outdoor sports and recreation, quiet neighborhoods, excellent schools and a range of great music. Real estate options in Gresham consist of single-family homes, condominiums, and townhouses. An estimated 105,000 residents call Gresham home.
An abundance of hiking and biking trails and spacious parks are scattered throughout the city as well as championship golf courses. The city offers world-class shopping including specialty shops, boutiques and national factory stores. Getting around the city is simple with a network of state and local roads crisscrossing the area. The award-winning Metropolitan Area Express (MAX) light rail line begins in the heart of Gresham and connects to Portland and Hillsboro. The international airport is only a fifteen-minute drive away.
Gresham's real estate market features a wide variety of property types such as traditional and ranch-style homes surrounded by lush landscaping. Prices for condominiums and townhouses in Gresham start in the low $115,000s to $210,000 for grander, contemporary models. Prices for homes in Gresham begin in the $110,000s to upwards of $740,000 for large estates situated on hillsides with spectacular views of the valley.
Gresham Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $192,055 compared to $186,492 the previous week, showing a increase of more than +3%. For Thursday, May 17th, the current national mortgage rate for a 30 year fixed mortgage is 3.75%; the 15 year fixed rate is at 3.02%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.38%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Gresham OR. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Gresham to help you find the best home!
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