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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Irvington

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Average Home Price: $939,508

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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Sabin

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Average Home Price: $734,465

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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Sullivan’s Gulch

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Average Home Price: $631,923

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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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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