What is the Best Neighborhoods USA ranking for Historic Southeast?
Historic Southeast is ranked #11 of 13 eligible neighborhoods in Gresham; #235 of 254 eligible neighborhoods in OR; and #12,942 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Historic Southeast
Gresham, OR | Multnomah County
Scored premium profile
Best Neighborhoods USA Index
32.6
Stability and Strength
34.6
Value Opportunity
38.5
Momentum
21.3
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 | #12,942 of 14,967 |
| State rank | #235 of 254 |
| City rank | #11 of 13 |
| County rank | #100 of 104 |
| National percentile | 13.6 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $435,193 |
| Year-over-year home value change | -2.9% |
| Month-over-month home value change | -0.13% |
| Home value to income ratio | 5.63 |
| Median household income | $77,266 |
| Bachelor's degree or higher | 20.2% |
| Civilian unemployment rate | 6.3% |
| Homeownership rate | 54.3% |
| Housing vacancy rate | 13.1% |
| Rent burden 30% or higher | 65.0% |
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 Historic Southeast
Is Historic Southeast one of the best neighborhoods in Gresham?
Historic Southeast has a Best Neighborhoods USA Index of 32.6 and a city ranking of #11 of 13 eligible neighborhoods in Gresham.
How much are homes worth in Historic Southeast?
The current Zillow Home Value Index for Historic Southeast is approximately $435,193.
Are home values rising or falling in Historic Southeast?
Zillow neighborhood values changed -2.9% year over year and -0.13% month over month.
What is the Neighborhood Momentum Score for Historic Southeast?
Historic Southeast has a Neighborhood Momentum Score of 21.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Historic Southeast?
The NDS-derived neighborhood median household income is approximately $77,266.
How affordable is Historic Southeast relative to household income?
The current Zillow home-value-to-household-income ratio is 5.63. Price-to-income affordability is a major Value Opportunity input.
Is Historic Southeast primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 54.3%.
What is the unemployment rate in Historic Southeast?
The NDS-derived civilian unemployment rate is approximately 6.3%.
How educated are residents of Historic Southeast?
Approximately 20.2% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Historic Southeast face high rent burden?
Approximately 65.0% 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 Historic Southeast?
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 applications42
Estimated originations26
Home-purchase applications18
Origination rate60.9%
Home-purchase share42.8%
Average application loan$323,414
Total application loan amount$13,724,585
National application rank#7,899 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 15.9% YoY; originations 19.0% 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.