Photo: Abdur Abdul-Malik, Portland Appraisal Blog
Detached-home sales in Troutdale were primarily financed with conventional loans during 2024 and 2025, although FHA financing also played a meaningful role in the market. Financing patterns were generally consistent between both years, with one notable exception: FHA financing became more common in 2025.
The table below compares financing types reported for detached-home sales during each year. Only financing categories with at least one recorded sale during the study period are displayed below.
| Category | 2024 | 2025 | Change |
|---|---|---|---|
| Cash | 10 | 11 | +1 home |
| Conventional | 77 | 77 | No Change |
| FHA | 17 | 26 | +9 homes |
| Seller Financing | 0 | 1 | +1 home |
| VA | 7 | 7 | No Change |
| Other | 1 | 1 | No Change |
| Total # of Sales | 112 | 123 | +11 homes |
Single-Family Detached Residential | 2024 vs. 2025
Data: RMLS | PortlandAppraisalBlog.com
Note: Financing data are based on information reported by listing agents in RMLS and may not reflect subsequent loan changes or refinances.
Conventional financing remained unchanged at 77 sales in both years and continued to dominate the market. FHA financing increased from 17 sales in 2024 to 26 sales in 2025, a gain of 9 sales. Cash purchases increased modestly from 10 to 11 sales, while VA financing remained stable at 7 sales in each year.
The table below summarizes active financing categories during the study period and includes the number of sales as well as average close price, home size, construction era, lot size, and affordable-home count.
| Type | Sales | Avg Close Price | Avg Total SF | Avg Year Built | Avg Acres | # Afford. |
|---|---|---|---|---|---|---|
| Cash | 21 | $531,264 | 1,808 | 1991 | 0.359 | 3 |
| Conven. | 154 | $505,667 | 1,759 | 1988 | 0.204 | 27 |
| FHA | 43 | $479,577 | 1,659 | 1989 | 0.178 | 14 |
| Seller | 1 | $520,000 | 1,964 | 1988 | 0.220 | 0 |
| VA | 14 | $496,422 | 1,608 | 1988 | 0.192 | 5 |
| Other | 2 | $502,500 | 1,568 | 1962 | 0.425 | 1 |
| Total/ Avg | 235 | $502,664 | 1,735 | 1989 | 0.214 | 50 |
Single-Family Detached Residential | 2024 & 2025
Data: RMLS | PortlandAppraisalBlog.com
Note: The Total/Avg row reports total sales and total affordable homes. All other columns represent averages for the study period.
How affordability is defined: The Portland Appraisal Blog Affordability Index (PABAI) was used to evaluate affordability during the study period. PABAI calculates the income needed to buy each home using its actual reported price, taxes, HOA dues, and an insurance estimate, financed at the Freddie Mac 30-year rate in effect at the time of sale. A home is considered affordable if the required income does not exceed the HUD median family income for the Portland-Vancouver-Hillsboro MSA in effect at the time of sale.
Conventional financing accounted for 154 of 235 detached-home sales, or 65.53% of the market. FHA financing ranked second with 43 sales, representing 18.30% of all detached-home transactions. Together, conventional and FHA financing accounted for 197 of 235 sales, or 83.83% of the market, during the study period.
The increase in FHA activity aligns with findings from previous Troutdale studies showing improved affordability conditions during 2025. FHA financing was associated with 14 of the 50 affordable detached-home sales identified during the study period, while conventional financing was associated with 27 affordable sales. VA financing accounted for an additional 5 affordable-home purchases.
Cash buyers purchased the highest-priced cohort of homes, averaging a close price of $531,264 compared with the overall market average of $502,664. Cash purchases were also associated with larger homes and substantially larger lots, averaging 1,808 square feet and 0.359 acres, respectively.
VA financing maintained a meaningful presence with 14 sales, while seller-provided financing and other financing methods were rarely used, accounting for only 3 combined sales during the study period (1.28%).
Conventional financing dominated Troutdale’s detached-home market, accounting for nearly two-thirds of the market, while FHA financing played a significant role in helping buyers access the community’s more affordable housing opportunities.
Related Studies
About PAB Insights
PAB Insights is a Portland Appraisal Blog (PAB) series providing concise, data-driven answers to individual housing-market questions using transaction-level research, local market knowledge, and proprietary models, such as the Portland Appraisal Blog Affordability Index (PABAI).
Sources & Further Reading
All data presented in this PAB Insight is sourced directly from RMLS and has been subjected to our rigorous cleaning and validation process to ensure reliability for detached single-family residential analysis in the six-county Portland Region. The trends, comparisons, and commentary are the result of original appraisal expertise and independent analysis—not aggregated from secondary sources or news summaries.
- RMLS Data Challenges: Portland Appraisal Blog
- The Portland Region – Six-County Market Area Overview: Portland Appraisal Blog
- Portland Affordability Index – PABAI: A Realistic Housing Qualification Metric for the Portland Region: Portland Appraisal Blog
- HUD Portland-Vancouver-Hillsboro, OR-WA MSA: Median Family Income
- City of Troutdale Housing Market Snapshot – 2025: Portland Appraisal Blog
- PAB Insights: What Could Different Household Incomes Buy Among Troutdale’s Affordable Homes?: Portland Appraisal Blog
- PAB Insights: What Income Was Required to Buy a Home in Troutdale (2024-2025)?: Portland Appraisal Blog
- PAB Insights: Which Home Sizes Sold Most Often in Troutdale (2024-2025)?: Portland Appraisal Blog
- PAB Insights: When Were Troutdale’s Homes Built (2024-2025)?: Portland Appraisal Blog
- PAB Insights: What Lot Sizes Defined the Troutdale Market (2024-2025)?: Portland Appraisal Blog
- PAB Insights: Which Bedroom Counts Dominated the Troutdale Market (2024-2025)?: Portland Appraisal Blog
- PAB Insights: Which Bathroom Configurations Sold Most Often in Troutdale (2024-2025)?: Portland Appraisal Blog
Coda
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About the Author — Abdur Abdul‑Malik, SRA, ASA
Abdur Abdul‑Malik is the founder, author, and publisher of the Portland Appraisal Blog, where he produces original regional and neighborhood‑level housing analytics for the Portland Region. He is a certified residential appraiser serving Oregon and Washington, drawing on RMLS transaction data, public records, and custom segmentation models he has built.
He developed the Portland Appraisal Blog Affordability Index (PABAI), a payment‑based affordability metric built from actual RMLS sales. PABAI incorporates weekly updates based on the prevailing 30‑year fixed mortgage rate, providing a locally grounded measure of housing affordability across the region.
Learn more → PABAI explainer • mortgage rate series • full author bio
