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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Concordia

Average Home Price: $518,304

Named after Concordia University, the Concordia neighborhood contains most of the popular Alberta Street Arts District. Alberta St. provides much of the local color and sense of community. Neighborhood parks include Kennedy Community Garden and Fernhill Park. Kennedy School is a local favorite hotel/restaurant/bar/theater that also features a popular saltwater soaking pool, free to neighborhood residents.

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Grant Park

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Average Home Price: $712,534

Grant Park has a family-friendly feel made up of comfortable homes on quiet, residential streets. Here you’ll find classic style homes ranging from Craftsman and Cottage, to Cape Cod and Bungalows. Grant Park features mature trees, sports facilities, a playground, and an off-leash dog area is the social center of the neighborhood.

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Kerns

Average Home Price: $493,830

Kerns is relatively close-in to downtown Portland and a fairly urban neighborhood. As Kerns covers a smallish area, there is not a lot of residential property within Kerns, but what there is consists of older east Portland homes, many of which have been converted over the years into multi-family units and multiplexes. Portland four-squares and large Craftsman style bungalows line the streets, tucked into the more commercial areas. Kerns has many popular Portland restaurants and locally owned businesses.

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Irvington

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Average Home Price: $741,264

On its southern border along NE Broadway and Weidler Avenues, Irvington has a sizable strip of restaurants, bars, coffee houses, and shops, but apart from that, Irvington is primarily residential. The homes and yards are sprawling, meticulously cared for, and established tree lined streets. And on its east and west sit two large parks. This is a historic neighborhood and many of its beautiful houses are on the National Register of Historic Places.

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King

Average Home Price: $530,666

King straddles Martin Luther King Jr. Boulevard from Ainsworth Street to Fremont and is at one end of the Alberta Arts District. In the last decade, locally owned shops, galleries, and cafés have brought new life to the area. The neighborhood has rapidly gentrified since the 1990s and is now seen as one of the more popular Portland neighborhoods with housing prices remaining above Portland average. The King Neighborhood hosts an amazing farmers market in the summer months.

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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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Sabin

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Average Home Price: $679,375

Sabin’s convenient close-in location makes for an easy commute to downtown. There is a nice community feel to this older established neighborhood. Neighbors can walk to the park, enjoy the community garden on 11th Avenue, or frequent the coffee shops, restaurants, and bars along Fremont St. Sabin features many charming older East Portland style homes, including Craftsman bungalows and Old Portland foursquares.

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Hollywood

Average Home Price: $498,154

Renamed for its historic 1920s Hollywood Theatre, the Hollywood neighborhood is a mixed commercial and residential area and tends to serve as a shopping district to the adjacent neighborhoods. The Hollywood District also figures in Beverly Cleary’s Klickitat Street series of books. Serviced by the MAX light rail and multiple bus lines.

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Sullivan’s Gulch

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Average Home Price: $400,960

Sullivan’s Gulch is an urban residential area that is located within walking distance to dining, shopping, and other entertainment. This well-established community has a mix of older East Portland homes, usually mid-sized to larger family homes located on streets with mature trees. Condos have been added in recent years. There are also some lovely vintage apartments and plexes for rent.

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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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