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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Multnomah

Average Home Price: $443,538

SW Portland is largely suburban in feel, but Multnomah Village offers a more urban vibe. Restaurants, bars, and shops create a lively environment for locals. The village is at the intersection of Capitol and Multnomah Blvd, a pretty busy road, but it is still pedestrian friendly for the stretch of a few blocks.

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South Portland

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Average Home Price: $549,282

Made up of the distinctly different micro-neighborhoods of Fulton, Johns Landing, Terwilliger, South Waterfront, Lair Hill and Corbett, South Portland is just south of downtown and bordered by the Willamette. This area features a range of vintage home styles along with modern high rise condos, classic feeling neighborhoods, some river views, and close proximity to OHSU and the tram.

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Brooklyn

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Average Home Price: $475,490

Brooklyn is close to some of Portland’s most hip and popular neighborhoods, like Sellwood, Hawthorne and Clinton. Residents have plenty of coffee, pub and dining options very nearby and often in the next neighborhood over. Brooklyn itself is a mix of residential and industrial buildings. With the addition of the new Orange MAX line, it is easier than ever to get around downtown Portland from the Brooklyn neighborhood.

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Hosford-Abernethy

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Average Home Price: $619,689

Arriving in Hosford-Abernethy from the west (via the Hawthorne or Ross Island Bridges), the first few blocks are all industrial but develop slowly into a mix of residential, including apartments, further to the east. SE 13th Avenue marks the beginning of purely residential with detached single-family homes. This neighborhood includes the highly desirable Ladd’s Addition.

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Sunnyside

Average Home Price: $549,615

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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Goose Hollow

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Average Home Price: $455,567

Goose Hollow is a charming urban neighborhood with a delightful mix of old and new homes. Bordering downtown Portland, Goose Hollow is one of Portland’s oldest neighborhoods and is located near the popular Forest Park, Nob Hill and Arlington Heights neighborhoods. Lincoln High School, the oldest high school in the Pacific Northwest, was established in this neighborhood in 1869. Many of the meticulously maintained old houses serve as both residential and commercial spaces.

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Northwest District

Average Home Price: $601,488

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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Old Town Chinatown

Average Home Price: $314,973

Old Town Chinatown is located in downtown Portland. Housing options include market-rate, affordable and low-income apartments and a growing number of opportunities for home ownership. Old Town Chinatown provides easy access to the MAX light rail and Tri-Met buses. This area has not been historically desirable and ownership options are limited, but improvements are being made to the area.

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Pearl District

Average Home Price: $676,492

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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