Portland Housing Market
Premier outdoor recreation, mountain views, and an artsy downtown contribute to a booming population for Oregon’s largest city. The same nature preserves and rivers that add to Portland’s splendor prevent the community from unlimited growth. The city boasts spectacular amenities for its 620,000 inhabitants, yet not enough housing to accommodate the highly competitive housing market. The value of Portland homes skyrocketed 14 percent in 2020 and is expected to keep increasing. Portland’s unique homes range from bungalow to craftsman to mid-century modern. The city’s houses are in high demand and currently average $530,000. Eclectic neighborhoods and lively districts are bisected by the scenic Willamette River. Popular areas to buy include luxury districts like the Pearl, dense historic neighborhoods like the Alphabet District, and everything in between. Neighborhoods like Eastmoreland, Arlington Heights, and Hillside feature residential streets, good schools, and a friendly feel.
Portland is sprinkled with ample parks, hiking trails, and gardens. From the tranquil tea house of Lan Su Chinese Garden to the bustling booths of the Saturday farmers market, Portland had something to delight all its residents. Bookworms appreciate Powell’s City of Books, the world’s largest new and used bookstore nestled right in the heart of downtown. To hit several hot spots in one day, locals can visit the iconic Washington Park. This 410-acre park includes the Oregon Zoo, an authentic Japanese garden, and thousands of unique blooms at the International Rose Test Gardens. Prime Oregon Wine Country, the Pacific Coast, Multnomah Falls, and hundreds of other attractions are scattered within driving distance of the city’s borders, so there is never a shortage of adventures for Portland residents to embark on. A diverse downtown offers vintage stores and food truck alleys to explore as well. It’s obvious upon arrival in Portland’s lively downtown that this city encourages art, culture, and self-expression. A packed community calendar offers annual events like the Wooden Shoe Tulip Festival, Portland Film Festival, and Portland Jazz Festival.
Portland is home to six public school districts, the most prominent being Portland School District, Beaverton School District, and Hillsboro School District. The city’s schools are praised for their language immersion programs, career learning initiatives, and thriving arts departments. Education in the city also includes quality private schools and 12 esteemed universities. Portland State University is the state’s premier research school, boasting over 200 degree programs. The nationally recognized University of Portland enjoys gorgeous views of the Willamette River and impressive academics. Other institutions include Reed College, Lewis and Clark College, and Multnomah University.
Commuting in Portland
With a 26-minute average commute time, plenty of public transport options, and a pedestrian-friendly city layout, getting to and from work in Portland is easier than in most US cities. Less than 60 percent of inhabitants drive to work while the remaining residents work from home or utilize green alternatives like public transport, carpooling, biking, or walking to their jobs. Public transport options in this scenic city include a light rail system, modern street cars, and a reliable bus service. Drivers have easy access to major Portland freeways like Interstates 84, 5, and 405. If you’re traveling to and from the city, Portland International Airport, Greyhound bus stops, and the Amtrak Union Station make your journey convenient and stress-free.