Home Insurance in Gresham, Oregon
With a median home value of $458,700, Gresham is 17% lower than the Multnomah County median.
The typical home in Gresham was built around 1981. About 11% of homes were built before 1960, about 29 points below Multnomah County's 40%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
Housing in Gresham breaks down to 59% single-family homes, 28% apartments in buildings with 5+ units and 3% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 72% of owner-occupied homes in Gresham have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
The vacancy rate is 5%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 56% of occupied homes in Gresham are owner-occupied.
In Gresham, 55% of homes are primarily heated with electricity.
FEMA rates Multnomah County's overall risk as Relatively High, led by earthquake (Relatively High). Multnomah County had 4,419 active NFIP flood policies as of September 2026. See the full Multnomah County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
In Oregon, the statewide average premium for a standard HO-3 homeowners policy is $1,003 per year (NAIC, 2023 data).
Key figures
| Median home value | $458,700 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 56% |
| Share of owner-occupied homes with a mortgage | 72% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in Multnomah County | 4,419 |
| Home insurance premium | $1,003 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)