Why Live in Richmond
Richmond, a neighborhood in Portland, Oregon, is across the Willamette River from Downtown Portland. Known for its vibrant mix of retail and residential areas, Richmond spans a mile and a half along South East Division Street, where visitors can enjoy artisanal donuts at Blue Star or Italian-style gelato at Pinolo. The neighborhood is highly walkable, with streets shaded by 100-year-old trees and homes dating back to the early 20th century. Richmond offers a variety of home styles, including 1920s-era cottages, mid-century modern properties, and early 1900s bungalows and foursquares. While street parking can be tight, some homes feature tuck-under garages for additional storage.
Richmond is home to several highly rated schools, including Abernethy Elementary, Hosford Middle, and Cleveland High, which offers International Baccalaureate classes and a Mandarin Immersion Program. The neighborhood's main thoroughfares, South East Division Street, South East Hawthorne Boulevard, and South East Powell Boulevard, are lined with eclectic boutiques, restaurants, and grocery stores. Popular spots include Stumptown Coffee Roasters, DC Vegetarian, and New Seasons Market. For entertainment, residents can visit the Clinton Street Theater, Studio One Theaters, and the nearby Aladdin Theater.
Outdoor activities are abundant, with Sewallcrest Park offering a playground, dog area, and athletic fields, while Clinton City Park provides soccer fields and emergency communication services. Mt. Tabor Park, an extinct volcano site, spans over 100 acres and is recognized as the first Urban Quiet Park in the country. Richmond residents can access Downtown Portland via the TriMet public bus system and light rail, with Portland International Airport less than 10 miles away. Medical care is available at Providence Portland Medical Center, just 2 miles north.
Home Trends in Richmond, OR
On average, homes in Richmond, Portland sell after 33 days on the market compared to the national average of 52 days. The median sale price for homes in Richmond, Portland over the last 12 months is $650,000, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$650,000
Median Single Family Sale Price
$661,417
Median Townhouse Sale Price
$703,750
Median 2 Bedroom Sale Price
$369,900
Median 1 Bedroom Sale Price
$279,000
Average Price Per Sq Ft
$336
Number of Homes for Sale
26
Last 12 months Home Sales
145
Median List Price
$630,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%
