Portland’s Most Expensive Neighborhoods

October 15, 2023 by No Comments

Despite getting a bad rap from the media, Portland has some fantastic neighborhoods for both families and retirement.

If you were simply to watch the mainstream news, you might be fooled into thinking that Portland was a homeless hellscape that had non-stop protests. However, as you will see from the selection below, Portland has some neighborhoods that can rival the best of any other city in America.

1. Arlington Heights

Arlington Heights is renowned for its breathtaking views and a delightful mix of historic and modern homes. Nestled near Washington Park, residents enjoy access to notable attractions like the Oregon Zoo, Portland Children’s Museum, and Hoyt Arboretum. The neighborhood tends to be affluent, housing a mix of families and professionals who appreciate the scenic beauty and cultural amenities at their doorstep.

2. Alameda

Alameda exudes a historic charm, with its streets lined with early 20th-century homes and a strong sense of community. The neighborhood is particularly known for the Alameda School, which is well-regarded in the area. Proximity to shopping and dining areas, coupled with a robust neighborhood association, makes Alameda a vibrant and cohesive community, predominantly inhabited by families and professionals.

3. Pearl District

The Pearl District, once an industrial hub, has transformed into an upscale, trendy area, attracting a diverse population. Modern condos and lofts, boutiques, art galleries, and a plethora of dining options define the neighborhood. It draws a varied demographic, including young professionals, artists, and retirees, all of whom contribute to its lively, eclectic atmosphere.

  • Population: 6000
  • Median House Price: $540k
  • Median Rental Cost: $1.9k

4. Lake Oswego

Lake Oswego, while technically its own city, is often associated with Portland due to its proximity and shared cultural vibes. Known for its affluence, the area boasts high-end homes, particularly around the lake, and offers amenities like parks, a country club, and various shopping and dining options. The demographic is wealthy, encompassing families, professionals, and retirees.

5. West Hills

West Hills presents a blend of winding roads, secluded homes, and often, impressive views of the surrounding area. Its closeness to downtown Portland and attractions like the Oregon Zoo adds to its appeal. The neighborhood is predominantly affluent, providing a serene yet conveniently located living environment for its high-income residents.

  • Population: 19500
  • Median House Price: $550k
  • Median Rental Cost: $1.5k

6. Eastmoreland

Eastmoreland is characterized by its classic, high-end homes and its proximity to Reed College, infusing it with a scholarly, upscale ambiance. The neighborhood offers amenities like a nearby golf course and easy access to various shopping areas, making it a comfortable and aesthetically pleasing place to live. Residents tend to be a mix of college faculty, professionals, and families.

7. Dunthorpe

Dunthorpe is synonymous with luxury and seclusion, featuring large estates and being recognized as one of Portland’s wealthiest neighborhoods. Its proximity to the Willamette River and a generally secluded environment make it a peaceful yet prestigious place to reside. The demographic is predominantly wealthy, with a mix of families and older residents enjoying the tranquility and opulence of the area.

  • Population: 1700
  • Median House Price: $555k
  • Median Rental Cost: $1.9k

8. Forest Heights

Forest Heights stands out as a meticulously planned community, offering a harmonious mix of single-family homes and townhouses. With its own parks, trails, and a strong sense of community, it provides a balanced, family-friendly environment. The neighborhood design promotes interaction and outdoor activities, making it a lively and engaging place to live.

  • Population: 8000
  • Median House Price: $480k
  • Median Rental Cost: $1.8k

9. Laurelhurst

Laurelhurst is a neighborhood that seamlessly blends historic charm with a vibrant community spirit. The area is renowned for its picturesque early 20th-century homes and the iconic Laurelhurst Park, which acts as a communal gathering spot and hosts various events throughout the year. The streets, lined with mature trees, and the well-preserved architecture, give residents a sense of stepping back in time, while still enjoying the conveniences of modern city living. The Laurelhurst neighborhood attracts a diverse group of residents, including families, professionals, and artists, all of whom contribute to the dynamic and welcoming community atmosphere.

10. Irvington

Irvington, with its historic homes and tree-lined streets, exudes a timeless elegance and a strong sense of community. The neighborhood is listed on the National Register of Historic Places, and it’s known for its beautifully preserved houses, which showcase a variety of architectural styles, including Craftsman, Victorian, and Colonial Revival. The Irvington Club, a private tennis facility, is a notable landmark and serves as a social hub for many residents. Irvington is home to a mix of families, professionals, and retirees who value the area’s rich history, architectural beauty, and vibrant community spirit. The neighborhood also hosts events like the Irvington Home Tour, which allows people to explore some of the stunning historic homes in the area.

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