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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Happy Valley

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Average Home Price: $407,526

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.

Mt. Tabor

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Average Home Price: $542,298

The ever popular Mount Tabor Park is the neighborhood’s principal feature. The neighborhood also marks the eastern end of the Hawthorne District. The campus of Western Seminary is located on the western slope, overlooking downtown Portland. Mt. Tabor is one of the few neighborhoods on the east side that offers hills and views.

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Sylvan-Highlands

Average Home Price: $655,236

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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Arlington Heights

Average Home Price: $778,832

Arlington Heights is one of Portland’s most scenic neighborhoods and home to some of the city’s most famous parks, like the Japanese Garden and Washington Park. Located near downtown, the architectural styles range from Victorian cottage to the latest contemporary dwellings. Most homes feature beautiful gardens and spectacular views. This is an old neighborhood – most homes were built before 1939.

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Forest Park

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Average Home Price: $968,215

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: $752,405

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: $606,631

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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