Average home prices are released yearly by Portland Monthly. While prices shown are an average, actual home prices can vary greatly across a neighborhood.

Sort Results: A to Z Z to A Low to High High to Low

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.

Click to view available homes in University Park.

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.

Click to view available homes in Sylvan-Highlands.

Portsmouth

Neighborhood Features: , ,
Average Home Price: $364,657

Bordered by St. Johns and Kenton, Portsmouth still admittedly has some rough areas. Due to the affordability of homes and the recent influx of new, younger homebuyers, Portsmouth is evolving into a more family-friendly environment. There is an active community working to improve the neighborhood as a whole.

Click to view available homes in Portsmouth.

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.

Click to view available homes in Piedmont.

Parkrose/Parkrose Heights

Neighborhood Features: ,
Average Home Price: $309,506

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.

Click to view available homes in Parkrose/Parkrose Heights.

Overlook

Neighborhood Features: , , ,
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.

Click to view available homes in Overlook.

Oregon City

Neighborhood Features: , ,
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.

Click to view available homes in Oregon City.