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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Alberta Arts District

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Average Home Price: $583,770

NE Alberta Street is mostly residential until it gets to the teen streets and becomes what is known informally as the Alberta Arts District. Alberta Arts isn’t its own recognized neighborhood, but spans across King, Vernon, and Concordia neighborhoods.

Although the effects of gentrification in the area remain a hot topic, Alberta seems to have become a stable, welcoming environment most noticeably during Last Thursday, a monthly street festival celebrating art, food, and community.

Alberta Street has many newly renovated retail storefronts and restaurant spaces. These are mixed in with older businesses that have been there before the area became trendy. There is a strong focus on indie designers, handcrafted items, and boutique shops. Alberta is unique and dynamic and definitely a destination point locals and visitors alike.

Maywood Park

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Average Home Price: $507,675

Just six miles east of downtown Portland, Maywood Park is just east of Rocky Butte. Vintage homes and quiet streets are tucked in among old growth timber. Maywood Park is the area’s noted “city within a city” and was incorporated in 1967. Maywood Park is surrounded on all sides by the city of Portland and includes a scenic section of the area’s famed 40-Mile Loop multi-use path.

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Parkrose/Parkrose Heights

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Average Home Price: $392,228

The Parkrose area had been a small farming and residential suburb of Portland until the 1920s and was annexed by Portland in 1980. Located close to the airport and near major roads, commuting from the mostly residential suburban neighborhoods of Parkrose and Parkrose Heights is easy. The busier streets provide ample shopping and dining opportunities. The Parkrose/Sumner Transit Center is served by the Red line of the Max Light Rail and I-205 runs through the neighborhoods.

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Argay Terrace

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Average Home Price: $464,614

Argay Terrace is a Northeast Portland subdivision primarily built in the 1960s. Consisting mainly of mid-century ranch homes, the neighborhood was designed to prevent high traffic streets, has a number of green walkways, a park, and is quite an attractive area. Close proximity to the I84 Freeway provides easy commuting into Portland or road trips through The Gorge.

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Vernon

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Average Home Price: $565,347

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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Cully

Average Home Price: $441,667

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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Woodlawn

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Average Home Price: $544,173

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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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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Lloyd District

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Average Home Price: $237,929

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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Madison South

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Average Home Price: $427,019

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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