The Pearl District in Portland, Oregon, a vibrant neighborhood within Multnomah County, primarily features condos and penthouses with limited availability of multi-family homes. This urban area, renowned for its artistic flair and historic charm, has evolved from mid-rise apartments in repurposed warehouses to modern glass high-rises. While multi-family units are not a common feature, the neighborhood's real estate market showcases a mix of vintage studios and luxury penthouses, with prices ranging from $278,000 to $3 million. The average home value stands at $573,589, with a price per square foot averaging $457. The housing market has seen a 12% decrease in average sale prices over the last year, and properties typically spend 101 days on the market. The Pearl District is characterized by its walkability, high education levels, and proximity to quality schools like Lincoln High School. Despite lacking a significant presence of multi-family homes, the Pearl District remains a sought-after locale for its trendy urban lifestyle and artistic community.
