Average Home Prices Portland by Neighborhood

As of 2026, the citywide median home price in Portland sits in the mid-$500,000s — roughly $535,000 to $546,000 depending on the source and the measurement window. But that one number hides an enormous spread: a home in the West Hills can run well past $900,000, while pockets of outer East Portland trade closer to $395,000 to $460,000. In other words, "the average Portland home price" is less useful than knowing what your specific neighborhood actually does. Here is how prices break down across the city and inner suburbs as of 2026.

What's The Average Home Price In Portland?

As of 2026, the median sale price for a home in Portland is in the mid-$500,000s — Redfin reported a citywide median around $535,000 for the three months ending in spring 2026, and Zillow's typical home value sat near $546,000. Citywide price per square foot generally runs in the $350 to $390 range, varying with a home's age, condition, and exact ZIP code.

These are market measurements, not fixed values. A median means half of homes sold for more and half for less, so it tells you the midpoint of a broad market — not what any particular house is worth. The figure also shifts month to month and is reported slightly differently by each data provider, which is why it is best read as a range "as of 2026" rather than a single hard number.

How Do Home Prices Vary Across Portland Neighborhoods?

Significantly. Portland is a city of micro-neighborhoods, and prices swing by hundreds of thousands of dollars across them. The West Hills and Southwest Portland sit at the top of the range; close-in Northeast and Southeast quadrants cluster around or just below the citywide median; and outer East Portland — east of roughly 82nd Avenue — generally offers the lowest entry points in the city.

A few factual reference points help orient you. Burnside Street divides the city's North/South addressing, and the inner quadrants (close to the river and downtown) tend to carry higher per-square-foot prices than outer areas simply because of older, denser housing stock on smaller lots and proximity to job centers. The table below shows representative neighborhood and suburb price ranges as of 2026. Treat these as directional market data, not appraisals — actual values turn on the individual home.

Area Approx. Median / Range (2026) Relative Position West Hills / Southwest Hills $900,000+ Highest in the city Southwest Portland (overall) ~$675,000 Above citywide median Northeast Portland ~$580,000–$600,000 At / above median Southeast Portland ~$580,000 At / above median North Portland ~$458,000 Below citywide median Pearl District (condos) ~$405,000–$462,000 Condo market, distinct from houses Outer East Portland (e.g., Powellhurst-Gilbert) ~$395,000 Lowest entry points in the city Lake Oswego (suburb) ~$769,000 Highest among inner suburbs Beaverton (suburb) ~$595,000 Above citywide median Tigard (suburb) ~$585,000 Above citywide median Hillsboro (suburb) ~$500,000 Near / below citywide median

Figures are approximate market medians as of 2026, drawn from public sources including Redfin and Zillow. Medians move month to month and are reported on different windows by each source — read them as ranges, not fixed values.

Higher-Priced Areas Of Portland

The top of the Portland price range is concentrated in a few areas. The West Hills and Southwest Hills — the wooded slopes rising west of downtown — carry the city's highest medians, frequently above $900,000, reflecting larger lots, hillside lots with views, and older established housing stock. Southwest Portland as a quadrant runs around $675,000 overall, above the citywide median.

Close-in Northeast and Southeast Portland pockets also price at or above the median. These inner neighborhoods feature a high share of restored early-1900s Craftsman and bungalow homes on smaller lots, walkable commercial corridors, and short commutes across the Willamette via the Steel Bridge, Burnside Bridge, and Tilikum Crossing. The Pearl District is a distinct case: it is primarily a condo market, with median condo sale prices around $405,000 to $462,000 as of 2026 — a number that should not be compared directly to single-family house medians elsewhere in the city.

More Affordable Areas Of Portland

The lower end of the city's price range is generally found in outer East Portland — broadly, the areas east of 82nd Avenue. Neighborhoods such as Powellhurst-Gilbert post medians near $395,000, the most accessible entry points within Portland's city limits. North Portland sits around $458,000, below the citywide median, with parts of Northeast beyond the close-in core also pricing lower than their inner counterparts.

The factual drivers here are straightforward: newer or mid-century housing stock, larger but less central lots, longer commutes to downtown job centers, and more limited light-rail and frequent-transit coverage than the inner quadrants. These areas also tend to carry more inventory, which can give buyers more negotiating room as of 2026. For a broader walk through where these areas sit on the map, see our Portland neighborhood guide.

How Do The Suburbs Compare?

The inner suburbs span nearly the full Portland price range on their own. Lake Oswego is the most expensive of the close-in suburbs, with a median around $769,000 as of early 2026, driven largely by larger lots, lakefront and lake-easement properties, and the West Linn-Wilsonville and Lake Oswego school districts. Beaverton ($595,000) and Tigard ($585,000) price similarly, both above the citywide Portland median, while Hillsboro (~$500,000) is the most accessible of the four — near or just below the city median.

The suburb-versus-city math is not always intuitive: several inner-suburb medians sit above Portland's citywide figure, because the city's number is pulled down by its most affordable East Portland neighborhoods. If you are weighing specific trade-offs between these markets, our deep dive on Lake Oswego vs. West Linn vs. Beaverton compares them side by side, and the current citywide picture lives in our Portland real estate market report for 2026.

Why Do Prices Vary By Neighborhood?

Neighborhood price differences come down to measurable, factual variables — not who lives there. The main ones:

• Housing stock and age. Inner Portland is dominated by older Craftsman, bungalow, and Foursquare homes on smaller lots; outer and suburban areas skew toward larger mid-century and newer construction. Age also brings cost considerations — older homes may need seismic retrofitting given the region's earthquake risk.

• Lot size and land. Hillside and lakefront lots (West Hills, Lake Oswego) command premiums; flat interior lots in outer East Portland cost less per square foot.

• School districts and published ratings. District boundaries (for example, Portland Public Schools versus Beaverton SD versus West Linn-Wilsonville SD) and individual schools' published ratings are a documented factor in pricing. Verify current boundaries and ratings directly with the district and state assessment data for any address.

• Commute and transit. Proximity to downtown job centers, the river bridges, and MAX light-rail lines correlates with higher prices in the inner quadrants.

• Inventory and days on market. Areas with more listings and longer days on market — the Pearl's condo segment has been running 100+ days, for instance — tend to give buyers more leverage as of 2026.

How To Read Neighborhood Price Data

A few habits keep you from misreading the numbers:

• Know what kind of "average" you are looking at. A median is the midpoint of sales; a mean average can be skewed upward by a few luxury sales. Most reputable trackers report medians.

• Don't compare condos to houses. A Pearl District condo median and a Southeast Portland single-family median measure different products. Always check the property type behind a figure.

• Mind the time window. One source may report "the three months ending in spring," another "last month." Small differences in window explain much of the gap between, say, Redfin and Zillow.

• Use $/sqft to compare across neighborhoods. Since home sizes differ, price per square foot is often the cleaner apples-to-apples comparison.

• Treat city-level data as a starting point. The most reliable read on a specific home comes from recent comparable sales within that micro-neighborhood — which is exactly what a local agent pulls before you make an offer or set a list price.

Frequently Asked Questions

What Is The Average Home Price In Portland In 2026?

As of 2026, the citywide median home price in Portland is in the mid-$500,000s — roughly $535,000 to $546,000 depending on the source and measurement window. Price per square foot runs about $350 to $390 citywide. These are market medians that shift month to month, so they are best read as ranges.

Which Portland Neighborhoods Are The Most Expensive?

The West Hills and Southwest Hills carry the city's highest medians, frequently above $900,000, and Southwest Portland overall runs around $675,000 as of 2026. Among the inner suburbs, Lake Oswego is the priciest, with a median near $769,000.

Where Are The Most Affordable Home Prices In Portland?

Outer East Portland — generally east of 82nd Avenue — offers the lowest entry points in the city, with neighborhoods such as Powellhurst-Gilbert around $395,000 as of 2026. North Portland, near $458,000, also sits below the citywide median.

Are Portland Suburbs Cheaper Than The City?

Not necessarily. As of 2026, several inner suburbs — Beaverton ($595,000), Tigard ($585,000), and especially Lake Oswego ($769,000) — price above Portland's citywide median, because the city figure is pulled down by its most affordable East Portland neighborhoods. Hillsboro ($500,000) is the most accessible of the four.

Why Is The Pearl District Price Lower Than Some House Medians?

The Pearl District is primarily a condominium market, with median condo sale prices around $405,000 to $462,000 as of 2026. That figure measures condos, not single-family houses, so it should not be compared directly to house medians in neighborhoods like Southeast or Northeast Portland.

How Accurate Are Online Median Price Estimates?

They are useful as a directional starting point but not as a valuation for a specific home. Medians vary by source, time window, and property type, and a single home's value depends on its condition, lot, and recent comparable sales. For an accurate read on a particular address, work from local comps with an agent.

Talk Through Your Portland Neighborhood With Own It Northwest

City-wide medians are a starting point — the number that actually matters is what comparable homes have sold for in the specific neighborhood you are buying in or selling from. Own It Northwest is Ross Seligman's Portland-based team at Real Broker, serving buyers and sellers across the Portland metro and SW Washington. To get current, neighborhood-level price data for your situation and a plan tailored to your home, call (503) 449-4022 or contact Own It Northwest.