Why Live in Historic Milwaukie
Historic Milwaukie, located 6 miles from Portland, is a suburban neighborhood with a rich history and a variety of home styles, including bungalows, ranches, and large Colonial Revival estates near Waverly Country Club. The area features a mix of single-family homes, apartments, and condos, with many properties boasting spacious front yards and wide driveways. The neighborhood is known for its towering trees and greenery, creating a picturesque setting. Historic Milwaukie encompasses Downtown Milwaukie, which is home to numerous restaurants, shops, and parks adjacent to the Willamette River and Kellogg Creek. Notable parks include Milwaukie Bay Park, offering fishing and river views, and Scott Park, which features an outdoor amphitheater and a Lending Library. Lot’s Loop, a five-and-a-half-mile path, highlights the city's historical landmarks. Dining options range from hearty breakfasts at Gramma’s Corner Kitchen to award-winning burgers at Ovation Bistro & Bar. For groceries, residents frequent Milwaukie Marketplace. The neighborhood hosts various community events, such as the Milwaukie Farmers Market and the Umbrella Parade and Tree Lighting. Rowe Middle School is highly rated, providing quality education for local students. Commuters benefit from the MAX Orange Line Light Rail and Highway 99E, though the latter can be noisy for nearby residents. The crime rate in Historic Milwaukie is lower than the national average, contributing to its appeal as a residential area.
Frequently Asked Questions
Is Historic Milwaukie a good place to live?
Historic Milwaukie is a good place to live. Historic Milwaukie is considered very car-dependent and somewhat bikeable. Historic Milwaukie is a suburban neighborhood. Historic Milwaukie has 7 parks for recreational activities. It is fairly sparse in population with 5.4 people per acre and a median age of 43. The average household income is $79,482 which is below the national average. College graduates make up 44.6% of residents. A majority of residents in Historic Milwaukie are renters, with 68.5% of residents renting and 31.5% of residents owning their home. A
local real estate agent serving Historic Milwaukie can help you decide if this neighborhood is the right one for you. Learn more on our
Historic Milwaukie neighborhood guide.
How much do you need to make to afford a house in Historic Milwaukie?
The median home price in Historic Milwaukie is $475,000. If you put a 20% down payment of $95,000 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $2,400 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $103K a year to afford the median home price in Historic Milwaukie. The average household income in Historic Milwaukie is $79K.
What are the best public schools in Historic Milwaukie?
The best public schools that serve Historic Milwaukie are:
What are the best private schools in Historic Milwaukie?
The best private schools that serve Historic Milwaukie are:
What are the most popular zip codes in Historic Milwaukie, Milwaukie, OR?
What are the most popular neighborhoods near Historic Milwaukie, Milwaukie, OR?
Are home prices dropping in Historic Milwaukie?
Yes, home prices in Historic Milwaukie are down 27% in the last 12 months.
Home Trends in Historic Milwaukie, OR
On average, homes in Historic Milwaukie, Milwaukie sell after 81 days on the market compared to the national average of 52 days. The median sale price for homes in Historic Milwaukie, Milwaukie over the last 12 months is $447,500, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$447,500
Median Single Family Sale Price
$474,874
Median Townhouse Sale Price
$447,500
Median 2 Bedroom Sale Price
$345,000
Average Price Per Sq Ft
$327
Number of Homes for Sale
6
Last 12 months Home Sales
17
Median List Price
$475,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-6%
