Why Live in Periwinkle
Periwinkle, a neighborhood in Albany, offers a blend of scenic routes, historic charm, and modern amenities. The Periwinkle Creek Bike Path connects residents to two city parks, the Heritage Mall, and the Monteith Historic District, where 19th-century architecture meets trendy downtown shops. The neighborhood is known for its annual Northwest Art & Air Festival at Timber Linn Memorial Park, attracting over 40,000 visitors to watch hot air balloons. Homes in Periwinkle range from new traditional-style and modern Prairie homes to one-story Craftsman dwellings, with some manufactured homes in communities like Shorewood Estates. The Greater Albany Public School District is highly rated, serving over 10,000 students. While Periwinkle is car-dependent, some areas are walkable, and bike lanes are present. The Albany Transit System and Amtrak provide transportation options, with Interstate 5 offering access to Salem, Portland, and Eugene. Local parks such as Grand Prairie Park, Lexington Park, and Deerfield Park provide recreational spaces, while the Albany Community Pool offers swimming and aerobics. Heritage Mall, less than a mile north, features 47 retailers, including Old Navy and Bath & Body Works. Dining options include PizzAmoré and La Roca, with grocery stores like Safeway and Fred Meyer nearby. The neighborhood hosts events like the River Rhythms and Summer Sounds concerts, and the Albany Farmers Market is a popular spot for fresh produce. Periwinkle's crime rate is lower than the national average, making it a safer place to live.
Frequently Asked Questions
Is Periwinkle a good place to live?
Periwinkle is a good place to live. Periwinkle is considered very car-dependent and bikeable. Periwinkle has 8 parks for recreational activities. It is somewhat dense in population with 7.6 people per acre and a median age of 41. The average household income is $79,591 which is below the national average. College graduates make up 26.3% of residents. A majority of residents in Periwinkle are home owners, with 38.8% of residents renting and 61.2% of residents owning their home. A
local real estate agent serving Periwinkle can help you decide if this neighborhood is the right one for you. Learn more on our
Periwinkle neighborhood guide.
How much do you need to make to afford a house in Periwinkle?
The median home price in Periwinkle is $444,000. If you put a 20% down payment of $88,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,300 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $99K a year to afford the median home price in Periwinkle. The average household income in Periwinkle is $80K.
What are the best public schools in Periwinkle?
The best public schools that serve Periwinkle are:
What are the best private schools in Periwinkle?
The best private schools that serve Periwinkle are:
What are the most popular zip codes in Periwinkle, Albany, OR?
What are the most popular neighborhoods near Periwinkle, Albany, OR?
Are home prices dropping in Periwinkle?
Yes, home prices in Periwinkle are down 6% in the last 12 months.
Home Trends in Periwinkle, OR
On average, homes in Periwinkle, Albany sell after 86 days on the market compared to the national average of 70 days. The median sale price for homes in Periwinkle, Albany over the last 12 months is $429,680, up 22% from the median home sale price over the previous 12 months.
Median Sale Price
$429,680
Median Single Family Sale Price
$511,250
Median Townhouse Sale Price
$299,990
Median 2 Bedroom Sale Price
$389,000
Median 1 Bedroom Sale Price
$197,000
Average Price Per Sq Ft
$274
Number of Homes for Sale
20
Last 12 months Home Sales
103
Median List Price
$444,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
22%
