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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Sullivan’s Gulch

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Average Home Price: $367,672

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: $267,159

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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Vernon

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Average Home Price: $423,731

Vernon is located in Northeast Portland. It is bordered by the King, Woodlawn, Concordia, and Sabin neighborhoods. Vernon contains one of the most popular sections of NE Alberta St., offering a colorful selection of restaurants and shops. Vernon is also the home to the lovely Alberta Park which features an off-leash dog park.

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Rose City Park

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Average Home Price: $474,540

Homes styles in Rose City Park include a mix of bungalows, English cottages, and classic ranches, many built from the 1920s-1940s. New construction and town houses have been added to the area in recent years. The neighborhood is located next to the Rose City Golf course, the second oldest municipal course in the city of Portland. Many homes offer views of the park and golf course.

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Woodlawn

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Average Home Price: $373,950

Often overlooked because it is somewhat tucked away and borders industrial areas to the north, Woodlawn is a great, old neighborhood finally coming into its own. Woodlawn is slowly, but surely built, developing into a wonderful family-oriented neighborhood. A number of new businesses and restaurants have popped up in recent last few years, primarily around the gem of the neighborhood – Dekum Triangle.

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Roseway

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Average Home Price: $345,515

Roseway is located in Northeast Portland and is bordered by the Rose City Park, Beaumont-Wilshire, Cully, Sumner, and Madison South neighborhoods. Roseway features small to mid-sized single family homes in classic vintage styles like Ranches, Cape Cods, Tudors, and Bungalows. Most neighborhood streets are quiet with some mature trees.

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Lloyd District

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Average Home Price: $242,500

Largely dominated by the Lloyd Center shopping mall (complete with its own indoor ice skating rink!), plus a lot of chain restaurants, this neighborhood feels unlike any other in Portland. The Oregon Convention Center and the Moda Center are in the area too. It’s a popular district when there’s an event, but otherwise kind of bland. Serviced by the MAX light rail.

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Sumner

Average Home Price: $217,350

Sumner is a neighborhood in the Northeast section of Portland, including the portion of the city of Maywood Park west of Interstate 205. The area is home to the Portland International Airport to the north with no residences surrounding it. The area north of Columbia Blvd. is industrial and commercial.

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Sunderland

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Average Home Price: $221,988

While primarily an industrial district, Sunderland does have a small residential area along NE Marine Drive. The area is home to warehouses, supply yards, and wetlands. There are pockets of contemporary and new construction homes as well as houseboats along the Columbia river. The Dignity Village homeless settlement is also located in Sunderland.

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Alameda

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Average Home Price: $726,243

Northeast Fremont Street is Alameda’s main east-west thoroughfare and NE 33rd, its main north-south thoroughfare, makes up its eastern boundary. The neighborhood’s houses are mostly cottages and expansive Craftsman homes, most of which have been beautifully maintained. Alameda is located between the business districts of Beaumont Village and the Hollywood District.

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