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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Hazelwood

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Average Home Price: $227,994

One of the most lovely neighborhoods on the Eastside, suburban Hazelwood is green and filled with well-kept contemporary houses on great lots. Situated on a slight rise, there are beautiful views of Mount Hood and Tabor from certain areas. With easy access to Interstate 205,  major shopping centers, Clackamas Town Center and Mall 205 are just a quick drive away. Great schools and quiet streets combine to make Hazelwood a standout neighborhood in outer Portland.

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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.

Buckman

Average Home Price: $484,272

The Buckman neighborhood notably includes portions of the popular Hawthorne Blvd. and the ever-improving East Burnside. Located close-in and situated near some favorite southeast Portland spots, Buckman has a lot to offer in terms of food, boutiques, and pubs. The neighborhood features many beautiful restored vintage homes. Though a very desirable area, Buckman has managed to hold on to a remnant of that old, slightly gritty, Portland charm.

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Lents

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Average Home Price: $224,005

Lents is one of the largest neighborhoods in the city, one of the oldest, and one of its most diverse. Somewhat neglected for many years, Portland has recently seen the potential value of the Lents neighborhood and established it as an Urban Renewal Area. Many new homes and businesses have been established and more are planned. The MAX light rail system has been expanded southward from the Gateway hub, along I-205 to the Clackamas Town Center shopping mall.

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Reed

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Average Home Price: $433,388

Reed is located in a very beautiful area of southeast Portland. Homes here are upscale and the neighborhood streets are lined with old growth trees. Reed College is a major presence in the area. Primarily a residential area, residents can find dining, coffee, pub and shopping options in many of the surrounding neighborhoods.

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Richmond

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Average Home Price: $499,097

As with the urban Portland trend, this neighborhood is very eclectic and Richmond homes vary substantially in form and style and landscaping. Bungalows, quiet streets, and mature trees make Richmond extremely popular with homebuyers, while great local restaurants and bars make it a favorite destination point. The neighborhood is in the midst of a boom and a number of new commercial and multi dwelling residential units are currently being built along Division.

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Ardenwald-Johnson Creek

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Average Home Price: $290,140

The Ardenwald-Johnson Creek Neighborhood boundaries reach from the backyards of the homes along Crystal Springs Blvd in Eastmoreland all the way to Milwaukie. The neighborhood is home to wildlife area Tideman Johnson Park and a portion of the Springwater Corridor – a lovely multi-use trail. Ardenwald is a family-oriented and slightly old fashioned neighborhood.

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