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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Eastmoreland

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Average Home Price: $818,229

Eastmoreland is a beautiful, established neighborhood with lovely traditional, upscale homes primarily built in the 1920s and 1930s. The homes are generally expansive and meticulously cared for. Filled with mature tree lined streets and lush landscaping, the beautiful Reed College campus borders Eastmoreland to the north. This neighborhood is home to Crystal Springs Rhododendron Garden and the Eastmoreland Golf Course.

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Hosford-Abernethy

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Average Home Price: $737,269

Arriving in Hosford-Abernethy from the west (via the Hawthorne or Ross Island Bridges), the first few blocks are all industrial but develop slowly into a mix of residential, including apartments, further to the east. SE 13th Avenue marks the beginning of purely residential with detached single-family homes. This neighborhood includes the highly desirable Ladd’s Addition.

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Richmond

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Average Home Price: $649,390

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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Sellwood-Moreland

Average Home Price: $648,564

Like most Portland neighborhoods, Sellwood-Moreland feel very self-sustaining, but Sellwood-Moreland really feels like its own little city. Consisting of two smaller neighborhoods, Sellwood and Westmoreland, the area is well-stocked with neighborhood amenities. Local grocery chain New Seasons Market, coffee shops, bars, wonderful restaurants, and a number of antique stores add to the vibe, and fabulous Sellwood Park provides a great picnic spot. This area is popular with families and extremely walkable with a strong sense of community pride.

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Mt. Tabor

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Average Home Price: $646,193

The ever popular Mount Tabor Park is the neighborhood’s principal feature. The neighborhood also marks the eastern end of the Hawthorne District. The campus of Western Seminary is located on the western slope, overlooking downtown Portland. Mt. Tabor is one of the few neighborhoods on the east side that offers hills and views.

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Kerns

Average Home Price: $645,635

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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Happy Valley

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Average Home Price: $616,974

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.

Reed

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Average Home Price: $603,565

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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North Tabor

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Average Home Price: $550,293

North Tabor is nestled along the north side of Mount Tabor and offers easy walking distance to Mount Tabor, Laurelhurst, and Normandale Parks. There are a number of restaurants and cafes within the neighborhood which add to a feel of closeness in the community. North Tabor is served by the 60th MAX station.

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