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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Forest Park

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Average Home Price: $893,061

The Forest Park neighborhood is named because of its proximity to the 5,000 plus acre Forest Park, the southern portion of which lies within the neighborhood boundaries. Built along a ridge northwest of downtown and only a short distance from the Northwest District, this neighborhood combines rolling green pastures and views. Most of the neighborhood lies within unincorporated Multnomah County.

Hillside

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Average Home Price: $834,785

The Hillside neighborhood (sometimes called King’s Heights) is located on a portion of the Tualatin Mountains that overlook downtown Portland. Most of the homes on the steep, winding streets are large older homes built on smaller lots and many offer views of the city or mountains. Some condominium complexes have been built in recent years. This is expensive real estate and most homes are in the million and above range. Architectural styles range from English Tudor, Queen Ann Victorian, Colonial, to Foursquare.

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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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Northwest Heights

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Average Home Price: $700,323

Northwest Heights offers beautiful homes, stunning views and a feel of seclusion from the rest of Portland. The neighborhood abuts Forest Park, one of the most beautiful parks in the country, with its miles of hiking trails through lush green woodland. The neighborhood itself is made of large, manicured homes and is about as close as you can get to living in a lush, forested park.

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Maplewood

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Average Home Price: $505,593

Maplewood is made of a nice mix of suburban and rural features, all while being located relatively close to downtown for an easy commute. There are a wide variety of home styles, and some areas feature hills with views. Multnomah Village is located nearby, so there are many areas to shop, eat, and find activities.

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Happy Valley

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Average Home Price: $504,364

Located just 6 miles from downtown Portland, Happy Valley is one of the fastest growing cities in Oregon. Happy Valley is a close-knit community with a suburban, small-town vibe and a bustling business and healthcare communities. There are ample shopping opportunities at nearby Clackamas Town Center and Promenade, in addition to a number of chain stores and restaurants.  The city boasts quite a few wonderful parks and hikes and is located just a short drive from Mt. Hood. Much of the population growth has occurred in the last two decades, evidenced by a lot of newer construction homes.

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.

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