Average home prices are released yearly by Portland Monthly. While prices shown are an average, actual home prices can vary greatly across a neighborhood.

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Eastmoreland

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Average Home Price: $678,508

Eastmoreland is a beautiful, established neighborhood with lovely traditional, upscale homes primarily built in the 1920s and 1930s. The homes are generally expansive and meticulously cared for. Filled with mature tree lined streets and lush landscaping, the beautiful Reed College campus borders Eastmoreland to the north. This neighborhood is home to Crystal Springs Rhododendron Garden and the Eastmoreland Golf Course.

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Reed

Neighborhood Features:
Average Home Price: $433,388

Reed is located in a very beautiful area of southeast Portland. Homes here are upscale and the neighborhood streets are lined with old growth trees. Reed College is a major presence in the area. Primarily a residential area, residents can find dining, coffee, pub and shopping options in many of the surrounding neighborhoods.

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Pearl District

Average Home Price: $551,844

The Pearl has been undergoing significant urban renewal since the mid-1980s and is now noted for its art galleries, upscale businesses and residences. Homes in The Pearl mostly consist of high-rise condominiums and warehouse-to-loft conversions. The area is located just north of downtown and is home to an array of boutiques, and restaurants small clubs and bars…not to mention Powell’s Books. The area is serviced by the Portland Streetcar.

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Concordia

Average Home Price: $421,942

Named after Concordia University, the Concordia neighborhood contains most of the popular Alberta Street Arts District. Alberta St. provides much of the local color and sense of community. Neighborhood parks include Kennedy Community Garden and Fernhill Park. Kennedy School is a local favorite hotel/restaurant/bar/theater that also features a popular saltwater soaking pool, free to neighborhood residents.

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University Park

Average Home Price: $378,934

Home to the University of Portland, the University Park neighborhood has been experiencing an influx of new residents as housing prices are still low enough to attract first-time buyers. Many of these newer residents have been making wonderful improvements to their homes and yards, improving the neighborhood as a whole. Lombard is the main thoroughfare to get you to other parts of town. Homes along Willamette Blvd enjoy expansive river views.

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Humboldt

Average Home Price: $447,840

Humboldt is young, urban and hip and, as expected, the streets are lively with pedestrians and cyclists. A number of restaurants and bars make this neighborhood desirable to live in and visit. Humboldt provides easy access to downtown and to other popular surrounding neighborhoods. Portland Community College’s Cascade campus is also found in Humboldt.

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