Home Buyers Get Thrown A Closing Costs Bone In Multnomah County

Dated: January 26 2016

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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

ALEXSKOPJE


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).


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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....

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