The real estate market in Beaverton, Oregon, a suburb west of Portland, is thriving as the city grows in popularity. Beaverton’s unique appeal lies in its blend of urban convenience and natural beauty, offering a lifestyle that is both tech-savvy and family-friendly. This unique blend has attracted a steady increase in housing demand and a rise in property values, making it an appealing area for buyers and investors.
Key Drivers of Market Demand
A significant factor driving Beaverton’s housing demand is its proximity to Portland. Located just seven miles from downtown Portland, Beaverton provides the advantage of suburban living while allowing for a relatively short commute into the city. The city is home to several large employers, including the global headquarters of Nike, which adds a layer of economic stability and demand for local housing. Additionally, Beaverton’s access to light rail and other public transportation options appeals to professionals who prefer to live in a quieter area while maintaining easy access to the city’s amenities.
The expansion of the high-tech industry in the nearby “Silicon Forest” also brings a steady influx of high-paying jobs, attracting individuals and families who wish to settle in the area. With Intel, Tektronix, and other tech giants nearby, Beaverton has become a hotspot for technology professionals looking to purchase homes, adding upward pressure on real estate prices.
Housing Market Trends
As of 2024, the Beaverton housing market is characterized by a tight inventory and steady price growth. The market’s limited housing supply has intensified competition for properties, particularly for single-family homes in desirable neighborhoods like Sexton Mountain, Five Oaks, and Highland. The median home price in Beaverton has risen significantly over the past few years, making it one of the more expensive Portland suburbs. This appreciation rate reflects increased demand and a lag in new construction, particularly for single-family homes and more significant properties. However, some relief is on the way with new apartment complexes and mixed-use developments underway.
This competitive landscape has also fostered a growing market for townhouses and condos, as these options often provide a more affordable entry point for first-time homebuyers than single-family homes. Given the area’s rental demand, investors have also taken an interest in Beaverton’s real estate market, especially in districts close to public transportation and commercial hubs. Beaverton’s rental market remains strong, with high occupancy rates and rising rental prices.

Source – Google Maps
Challenges and Considerations
While Beaverton remains a desirable area, potential buyers face particular challenges. Affordability has become a key concern, especially for first-time buyers. Additionally, the competitive market has led to bidding wars, sometimes pricing out buyers or compelling them to make offers over the asking price. These trends have pushed some prospective buyers to consider neighboring areas like Hillsboro or Aloha, which offer similar amenities at relatively lower prices.
On the development side, Beaverton is experiencing a push for new construction to meet demand, though zoning laws and limited available land have made large-scale projects challenging. However, mixed-use developments, which blend residential and commercial spaces, are becoming more common and are seen as a potential solution to meet housing needs while preserving Beaverton Oregon’s charm.
The Future of Beaverton Real Estate
The future of Beaverton’s real estate market is bright. With the demand for suburban living near Portland and job opportunities in the ‘Silicon Forest’ expected to remain strong, property values are likely to continue rising. This positive outlook should encourage potential buyers and investors to act quickly and be prepared to seize the opportunities that Beaverton’s market presents.
Beaverton’s real estate market, with its unique blend of suburban appeal, economic opportunity, and rising home values, is a testament to its vibrancy. This unique combination assures potential buyers and investors that Beaverton’s market will likely remain vibrant for years to come.
To learn more about the Beaverton Oregon real estate market, or to speak with us about the services that we can offer you, contact us today by calling (503) 646-9664 or click here!