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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Hazelwood

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Average Home Price: $297,858

One of the most lovely neighborhoods on the Eastside, suburban Hazelwood is green and filled with well-kept contemporary houses on great lots. Situated on a slight rise, there are beautiful views of Mount Hood and Tabor from certain areas. With easy access to Interstate 205,  major shopping centers, Clackamas Town Center and Mall 205 are just a quick drive away. Great schools and quiet streets combine to make Hazelwood a standout neighborhood in outer Portland.

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Parkrose/Parkrose Heights

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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.

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Argay Terrace

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Average Home Price: $349,725

Argay Terrace is a Northeast Portland subdivision primarily built in the 1960s. Consisting mainly of mid-century ranch homes, the neighborhood was designed to prevent high traffic streets, has a number of green walkways, a park, and is quite an attractive area. Close proximity to the I84 Freeway provides easy commuting into Portland or road trips through The Gorge.

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Milwaukie

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Average Home Price: $352,025

Milwaukie lies largely in Clackamas County, right on the banks of the Willamette River. The “Dogwood City of the West” offers small town charm with easy access to big city amenities. The new Orange Max line will make the short commute into downtown Portland easier than ever before. Although Milwaukie is small (just 4.85 sq. mi.), the appeal is large; beautiful views from the Willamette River Waterfront Park, access to water-sports, parks, biking trails and great schools. Milwaukie is a safe and clean community and is named as one of the 50 best places to raise a family.

Madison South

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Average Home Price: $356,122

This neighborhood is wedged between Interstate 84 to the south, Interstate 205 to the east, NE Sandy Boulevard to the north, and NE 65th Avenue to the west. Madison South has a number of interesting features including the inactive volcanic cinder cone Rocky Butte, Catholic nature sanctuary The Grotto, and the Alameda Ridge, a gravel bar left over from the Missoula Floods. A number of restaurants and amenities may be found on NE Sandy.

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Portsmouth

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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.

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Beaverton

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Average Home Price: $366,038

Located 7 mi. from downtown Portland and with a population of about 90,000, Beaverton is known for it’s suburban, family-friendly neighborhoods, shopping districts, and highly ranked school. There are a number of green spaces and the city boasts that there is a park within 1/2 mile of every home.