Average home prices are released yearly by Portland Monthly. While prices shown are an average, actual home prices can vary greatly across a neighborhood.
The Homestead neighborhood is a mix of suburban and urban areas. It borders the OHSU complex AKA “Pill Hill”. A number of parks and nature areas are nearby, making it easy to find an escape from the city. Homestead is located within easy driving distance to downtown Portland.
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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.
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.
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.
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.
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.
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.
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.
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.
Downtown Portland has been undergoing a successful urban revitalization since the 1970s, and in the past decade alone there have been dozens of new buildings constructed, including townhomes, offices, and condominiums. Downtown Portland is the hub of the MAX and streetcar lines, which are consistently ranked some of the best public transportation systems in the country.