What is the Best Neighborhoods USA ranking for Northeast?
Northeast is ranked #12 of 13 eligible neighborhoods in Gresham; #250 of 254 eligible neighborhoods in OR; and #14,255 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Northeast
Gresham, OR | Multnomah County
Scored premium profile
Best Neighborhoods USA Index
24.5
Stability and Strength
25.2
Value Opportunity
25.7
Momentum
21.8
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Gresham, OR |
| County | Multnomah County |
| National rank | #14,255 of 14,967 |
| State rank | #250 of 254 |
| City rank | #12 of 13 |
| County rank | #103 of 104 |
| National percentile | 4.8 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $422,259 |
| Year-over-year home value change | -2.7% |
| Month-over-month home value change | -0.14% |
| Home value to income ratio | 8.40 |
| Median household income | $50,262 |
| Bachelor's degree or higher | 15.8% |
| Civilian unemployment rate | 8.2% |
| Homeownership rate | 42.2% |
| Housing vacancy rate | 4.5% |
| Rent burden 30% or higher | 67.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Northeast
Is Northeast one of the best neighborhoods in Gresham?
Northeast has a Best Neighborhoods USA Index of 24.5 and a city ranking of #12 of 13 eligible neighborhoods in Gresham.
How much are homes worth in Northeast?
The current Zillow Home Value Index for Northeast is approximately $422,259.
Are home values rising or falling in Northeast?
Zillow neighborhood values changed -2.7% year over year and -0.14% month over month.
What is the Neighborhood Momentum Score for Northeast?
Northeast has a Neighborhood Momentum Score of 21.8. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Northeast?
The NDS-derived neighborhood median household income is approximately $50,262.
How affordable is Northeast relative to household income?
The current Zillow home-value-to-household-income ratio is 8.40. Price-to-income affordability is a major Value Opportunity input.
Is Northeast primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 42.2%.
What is the unemployment rate in Northeast?
The NDS-derived civilian unemployment rate is approximately 8.2%.
How educated are residents of Northeast?
Approximately 15.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Northeast face high rent burden?
Approximately 67.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Northeast?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications128
Estimated originations61
Home-purchase applications58
Origination rate47.5%
Home-purchase share45.4%
Average application loan$248,982
Total application loan amount$31,950,657
National application rank#3,435 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -9.4% YoY; originations -14.8% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.