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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St. Johns

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Average Home Price: $342,558

St. Johns officially became a Portland neighborhood nearly 100 years ago, but the area still feels like its own small town. Isolated from the rest of Portland by the Willamette River and railway yards, St Johns is largely self-sustaining with grocery stores, shops, and restaurants. Modest sized homes in the neighborhood are still affordable for those looking for starter homes.

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Cathedral Park

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Average Home Price: $361,996

Named for the beautiful Cathedral Park, located on the east side of the river and under the St. Johns Bridge, this North Portland neighborhood is in transition. Due to the number of new and younger homeowners moving to the area, homes have been improving and a sense of community has been developing. This area also gets many students who attend the nearby University of Portland.

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Oregon City

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Average Home Price: $376,900

Just 15 miles from Downtown Portland and located on the Willamette River near the southern limits of the Portland metropolitan area, Oregon City is the county seat of Clackamas County. Established in 1829 by the Hudson’s Bay Company, in 1844 it became the first U.S. city west of the Rocky Mountains to be incorporated. During the 1840s and 1850s it was the destination for those wanting to file land claims as the last stop on the Oregon Trail. Today the center of the city retains part of its historic character through the preservation of houses and other buildings from the era of the city’s founding. The town is divided into upper and lower areas; the lower area is on a bench next to the Willamette River, and the upper area atop a bluff. As of the 2010 census, the city population was 31,859.

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Tigard

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Average Home Price: $425,422

Tigard is a city in Washington Country, located south of Beaverton and north of Tualatin, and still considered part of the Portland metropolitan area. With an historic and revitalized downtown region, farmers market, and beautiful parks and trails, Tigard is a desirable, affordable community with easy access to Portland, Beaverton, and Hillsboro. Tigard Interstate 5 and Oregon Route 217 are the main freeway connectors to the city, with rail services provided by Trimet.

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Piedmont

Average Home Price: $452,624

In the last few years, new homes have been built and older houses have been remodeled. New and younger homeowners moved in and have worked to develop this area as solid North Portland neighborhood. The MAX Yellow line is just a few blocks west and due to the proximity of I-5, a convenient commute to downtown Portland. Piedmont was Portland’s first subdivision and is coming into its own again. Piedmont is also home to the beautiful Peninsula Park and Rose Garden.

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Goose Hollow

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Average Home Price: $455,567

Goose Hollow is a charming urban neighborhood with a delightful mix of old and new homes. Bordering downtown Portland, Goose Hollow is one of Portland’s oldest neighborhoods and is located near the popular Forest Park, Nob Hill and Arlington Heights neighborhoods. Lincoln High School, the oldest high school in the Pacific Northwest, was established in this neighborhood in 1869. Many of the meticulously maintained old houses serve as both residential and commercial spaces.

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University Park

Average Home Price: $495,077

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 updates 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, and the recent addition of a New Seasons made the area even more desirable.

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Hollywood

Average Home Price: $498,154

Renamed for its historic 1920s Hollywood Theatre, the Hollywood neighborhood is a mixed commercial and residential area and tends to serve as a shopping district to the adjacent neighborhoods. The Hollywood District also figures in Beverly Cleary’s Klickitat Street series of books. Serviced by the MAX light rail and multiple bus lines.

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Buckman

Average Home Price: $518,993

The Buckman neighborhood notably includes portions of the popular Hawthorne Blvd. and the ever-improving East Burnside. Located close-in and situated near some favorite southeast Portland spots, Buckman has a lot to offer in terms of food, boutiques, and pubs. The neighborhood features many beautiful restored vintage homes. Though a very desirable area, Buckman has managed to hold on to a remnant of that old, slightly gritty, Portland charm.

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Humboldt

Average Home Price: $527,292

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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