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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Ardenwald-Johnson Creek

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Average Home Price: $468,461

The Ardenwald-Johnson Creek Neighborhood boundaries reach from the backyards of the homes along Crystal Springs Blvd in Eastmoreland all the way to Milwaukie. The neighborhood is home to wildlife area Tideman Johnson Park and a portion of the Springwater Corridor – a lovely multi-use trail. Ardenwald is a family-oriented and slightly old fashioned 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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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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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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Cully

Average Home Price: $374,470

Cully is a culturally and economically diverse mix of commercial and residential development. The modest homes on large lots are an urban farmer’s dream. In addition, recent improvements to streets and bike routes and the promise of a 25-acre park prove that Cully is truly an emerging neighborhood. Among residents, there is a strong sense of community identity and active local involvement to improve the quality and livability of the area.

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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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Arbor Lodge

Average Home Price: $460,602

Arbor Lodge boasts quiet streets, a New Seasons Market, coffee shops, and restaurants. Despite busy Interstate Avenue, cyclists and pedestrians are always out. Convenience of the MAX and I-5 makes for a quick and easy commute to downtown. Arbor Lodge has a number of great parks, and is home to Chief Joseph Elementary, one of North Portland’s most beloved elementary schools.

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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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