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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Sellwood-Moreland

Average Home Price: $486,757

Like most Portland neighborhoods, Sellwood-Moreland feel very self-sustaining, but Sellwood-Moreland really feels like its own little city. Consisting of two smaller neighborhoods, Sellwood and Westmoreland, the area is well-stocked with neighborhood amenities. Local grocery chain New Seasons Market, coffee shops, bars, wonderful restaurants, and a number of antique stores add to the vibe, and fabulous Sellwood Park provides a great picnic spot. This area is popular with families and extremely walkable with a strong sense of community pride.

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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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Woodstock

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Average Home Price: $403,180

Located in SE Portland, Woodstock is a great neighborhood of families, singles and urbanites. This area feels community conscious, eco-friendly, and very family friendly. It’s a little too far out to be considered “close in”, but somehow maintains that Portland neighborhood vibe. The sweet Woodstock Village features grocery stores, bars, restaurants, a hardware store, and library. Woodstock Elementary is home to a Chinese immersion program.

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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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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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Sullivan’s Gulch

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Average Home Price: $367,672

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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Vernon

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Average Home Price: $423,731

Vernon is located in Northeast Portland. It is bordered by the King, Woodlawn, Concordia, and Sabin neighborhoods. Vernon contains one of the most popular sections of NE Alberta St., offering a colorful selection of restaurants and shops. Vernon is also the home to the lovely Alberta Park which features an off-leash dog park.

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Lloyd District

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Average Home Price: $242,500

Largely dominated by the Lloyd Center shopping mall (complete with its own indoor ice skating rink!), plus a lot of chain restaurants, this neighborhood feels unlike any other in Portland. The Oregon Convention Center and the Moda Center are in the area too. It’s a popular district when there’s an event, but otherwise kind of bland. Serviced by the MAX light rail.

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Hollywood

Average Home Price: $478,082

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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