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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Alberta Arts District

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Average Home Price: $583,770

NE Alberta Street is mostly residential until it gets to the teen streets and becomes what is known informally as the Alberta Arts District. Alberta Arts isn’t its own recognized neighborhood, but spans across King, Vernon, and Concordia neighborhoods.

Although the effects of gentrification in the area remain a hot topic, Alberta seems to have become a stable, welcoming environment most noticeably during Last Thursday, a monthly street festival celebrating art, food, and community.

Alberta Street has many newly renovated retail storefronts and restaurant spaces. These are mixed in with older businesses that have been there before the area became trendy. There is a strong focus on indie designers, handcrafted items, and boutique shops. Alberta is unique and dynamic and definitely a destination point locals and visitors alike.

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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Multnomah

Average Home Price: $574,575

SW Portland is largely suburban in feel, but Multnomah Village offers a more urban vibe. Restaurants, bars, and shops create a lively environment for locals. The village is at the intersection of Capitol and Multnomah Blvd, a pretty busy road, but it is still pedestrian friendly for the stretch of a few blocks.

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Richmond

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Average Home Price: $649,390

As with the urban Portland trend, this neighborhood is very eclectic and Richmond homes vary substantially in form and style and landscaping. Bungalows, quiet streets, and mature trees make Richmond extremely popular with homebuyers, while great local restaurants and bars make it a favorite destination point. The neighborhood is in the midst of a boom and a number of new commercial and multi dwelling residential units are currently being built along Division.

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Sunnyside

Average Home Price: $549,615

The Sunnyside neighborhood is a very popular area in southeast Portland – known to most as “Belmont”. Sunnyside is home to many locally owned coffee shops, markets, bars, shops, and restaurants. In particular, SE Belmont Street is a favorite destination for many locals. This area has a nice mix of urban diversity, with a funky feel and local color.

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Northwest District

Average Home Price: $601,488

The Northwest District is a dense residential and retail neighborhood. Large Craftsman and Old Portland houses, many of which have been converted to condos and apartments, tightly line the streets. Vintage apartment buildings and new condos are also prevalent in this area. All are within walking distance of restaurants, bars, and boutiques. Popular sections include bustling shopping street NW 23rd, the more bohemian NW 21st, and the Alphabet Historic District. The Portland Streetcar comes from downtown and ends here.

Click to view available homes in The Northwest District.

Old Town Chinatown

Average Home Price: $314,973

Old Town Chinatown is located in downtown Portland. Housing options include market-rate, affordable and low-income apartments and a growing number of opportunities for home ownership. Old Town Chinatown provides easy access to the MAX light rail and Tri-Met buses. This area has not been historically desirable and ownership options are limited, but improvements are being made to the area.

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Pearl District

Average Home Price: $676,492

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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Portland Downtown

Average Home Price: $477,550

Downtown Portland has been undergoing a successful urban revitalization since the 1970s, and in the past decade alone there have been dozens of new buildings constructed, including townhomes, offices, and condominiums. Downtown Portland is the hub of the MAX and streetcar lines, which are consistently ranked some of the best public transportation systems in the country.

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Concordia

Average Home Price: $574,373

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.

Click to view available homes in Concordia.