Why Live in Portland
Historic Portland, located just northwest of downtown Louisville, is a neighborhood with a rich history and diverse community. Originally founded in 1811 and later annexed by Louisville in the 1850s, Portland has seen significant changes over the years. The neighborhood is known for its pre-Civil War buildings and wood-framed shotgun-style houses, which are closely spaced and feature small yards, appealing to those who prefer minimal yard work. Despite its past economic challenges, Portland is undergoing revitalization, attracting higher-income residents while remaining affordable for first-time homebuyers.
Portland offers a variety of features, including proximity to the Ohio River, which provides access to green spaces and water views. Lannan Memorial Park, Boone Square Park, and Portland Wharf Park offer walking trails, playgrounds, and basketball courts. The Portland Museum provides insights into the neighborhood's historical significance. Local businesses such as Shaheen’s Department Store and Janes Brothers Hardware serve the community, while new dining options like McQuixote Books and Coffee and The Table Café add to the neighborhood's charm.
Portland is well-connected, with Interstate 64 running through the top of the community and I-264 flanking its western border. The neighborhood is less than 2 miles from downtown Louisville and 9 miles from Louisville International Airport, with bus service available throughout the metro area. The area is considered walkable, enhancing its appeal. Annual events like the Portland Festival and the nearby Kentucky Derby at Churchill Downs add to the vibrant community life.
Home Trends in Portland, KY
On average, homes in Portland, Louisville sell after 29 days on the market compared to the national average of 52 days. The median sale price for homes in Portland, Louisville over the last 12 months is $85,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$85,000
Median Single Family Sale Price
$97,500
Median Townhouse Sale Price
$170,000
Average Price Per Sq Ft
$81
Number of Homes for Sale
49
Last 12 months Home Sales
84
Median List Price
$105,000
Median Change From 1st List Price
9%
Median Home Sale Price YoY Change
21%