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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Tigard

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Average Home Price: $458,000

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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Sylvan-Highlands

Average Home Price: $743,921

Most Sylvan-Highlands homes were built in the 1950-60s, although a number of new condos and townhouses have been built in recent years. Homes facing west have a view of the coastal mountain range. Some Sylvan-Highlands residents walk from their homes to the MAX Light Rail stop at the Zoo to either head into downtown for work or out to the west suburbs for work in one of the high-tech companies.

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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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Sullivan’s Gulch

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Average Home Price: $400,960

Sullivan’s Gulch is an urban residential area that is located within walking distance to dining, shopping, and other entertainment. This well-established community has a mix of older East Portland homes, usually mid-sized to larger family homes located on streets with mature trees. Condos have been added in recent years. There are also some lovely vintage apartments and plexes for rent.

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Sabin

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Average Home Price: $679,375

Sabin’s convenient close-in location makes for an easy commute to downtown. There is a nice community feel to this older established neighborhood. Neighbors can walk to the park, enjoy the community garden on 11th Avenue, or frequent the coffee shops, restaurants, and bars along Fremont St. Sabin features many charming older East Portland style homes, including Craftsman bungalows and Old Portland foursquares.

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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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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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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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Parkrose/Parkrose Heights

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Average Home Price: $392,228

The Parkrose area had been a small farming and residential suburb of Portland until the 1920s and was annexed by Portland in 1980. Located close to the airport and near major roads, commuting from the mostly residential suburban neighborhoods of Parkrose and Parkrose Heights is easy. The busier streets provide ample shopping and dining opportunities. The Parkrose/Sumner Transit Center is served by the Red line of the Max Light Rail and I-205 runs through the neighborhoods.

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Overlook

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Average Home Price: $441,999

Overlook feels a bit secluded as it is bordered by Interstate and a bluff, but its location offers convenient access to other local neighborhoods and downtown. Many local restaurants and bars thrive along the main thoroughfares and the neighborhood is served by the MAX line. Though Overlook’s vibe is notably less urban than that of its neighbors, Overlook offers excellent bike access to downtown Portland, easy mass transit options, and is about a 5 minute drive to downtown Portland.

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