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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Buckman

Average Home Price: $484,272

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: $373,707

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

Neighborhood Features: , , ,
Average Home Price: $499,097

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: $481,465

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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Old Town Chinatown

Average Home Price: $263,422

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: $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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Portland Downtown

Average Home Price: $412,126

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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Northwest District

Average Home Price: $461,827

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.

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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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Kerns

Average Home Price: $421,957

Kerns is relatively close-in to downtown Portland and a fairly urban neighborhood. As Kerns covers a smallish area, there is not a lot of residential property within Kerns, but what there is consists of older east Portland homes, many of which have been converted over the years into multi-family units and multiplexes. Portland four-squares and large Craftsman style bungalows line the streets, tucked into the more commercial areas. Kerns has many popular Portland restaurants and locally owned businesses.

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