Home Buyers Get Thrown A Closing Costs Bone In Multnomah County

Dated: January 26 2016

Views: 544

Low inventory. Skyrocketing prices. Bidding wars.

It's not been a pretty scene for prospective homebuyers in Portland in recent times. But new data from a New York financial technology company reveal a little something positive for buyers in the metro region.

SmartAssets found that closing costs in Multnomah County trailed behind three other counties in the state.Enlarge

SmartAssets found that closing costs in Multnomah County trailed behind three other… more


According to a study from SmartAsset, average closing costs in 2015 were less in Multnomah County than they were in other metro region counties. The study, which measured closing costs as a percentage of median home value at the county level, revealed that the average closing costs in Multnomah County were $3,370.

The median home value, according to SmartAsset, was $270,200.

That ranking puts Multnomah County at no. 4 on the list of top counties for closing cost expenses. Ranking higher on the list were Washington County ($3,397), Clackamas County ($3,447) and, at the top spot, Hood River County ($3,551).


Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

Remodeling Expected To Remain Hot Even As The Pandemic Eases

The demand for home remodels is expected to remain strong—even as the COVID-19 pandemic begins to ease as vaccinations rise and people are no longer trapped inside their abodes obsessing over all

Read More

List Midweek If Youre Selling Your Home

A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020 through

Read More

Millions Will Enter Housing Market In 2021

In what will be known to future generations as the Great Reshuffling, a recent Zillow survey showed that more than 1 in 10 Americans reported moving in the past 12 months, either by choice or by

Read More

How Often Can You Refinance A Home Loan

Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is

Read More