Portland enjoys good air quality and a temperate climate with mild winters and warm summers. Sun shines about 44% of the year, while rain falls on around 37% of days; snow is rare. Homes have a median age of 46 years and cost between $450,000 to $500,000, appreciating at 5-6% annually. Property taxes are moderate, averaging 1.00% to 1.20%. About 50% of homes are owned, 46% rented, with a 4% vacancy rate. Data is based on information available up to 2021 and may vary by neighborhood.