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Vernon Home for Sale

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  • 5203 NE 16th Ave, Portland, OR 97211
    5203 NE 16th Ave, Portland, OR 97211
    5203 NE 16th Ave, Portland, OR 97211
    /40

    $1,300,000

    $200K PRICE DROP
    • 4 Beds
    • 2 Baths
    • 4,864 Sq Ft

    5203 NE 16th Ave, Portland, OR 97211

    Opportunity knocks in Alberta Arts. Are you listening? Now is your chance to own an outstanding investment property in Northeast Portland. This classic Portland apartment building has been carefully and professionally maintained and managed by the same owners for the last few decades. Featuring six studios and one 3 bedroom unit, this property is a perfect fit for a live-in investment property,

    Devin Arthurs Living Room Realty

    5203 NE 16th Ave, Portland, OR 97211
Oregon Multnomah County Portland

Real Estate & Homes for Sale in Vernon, Portland

Why Live in Vernon
Vernon, a neighborhood in Northeast Portland, is known for its charming early 1900s bungalows and Craftsman-style homes. Alberta Street, the heart of the Vernon neighborhood, is a bustling hub featuring trendy boutiques, art galleries and a variety of dining options. Notable eateries include Petite Provence for French-inspired cuisine and Great Notion Brewing for craft beers. Alberta Cooperative Grocery offers organic produce and bulk items, while Tin Shed Garden Cafe is a popular brunch spot. Vernon is highly walkable and bike-friendly, with two Nike BIKETOWN bike share stations on Alberta Street. However, parking can be challenging. The neighborhood is served by Vernon K-8, McDaniel High School and Jefferson High, all of which are highly rated. Alberta Park provides over 16 acres of outdoor space, including trails, sports fields and a dog run. The monthly Last Thursday art walk on Alberta Street is a major highlight, transforming the area into a vibrant cultural event every month.
Learn more about living in Vernon

Vernon Home Prices vs. Nearby Portland, OR Neighborhoods

Vernon University Park Piedmont Sabin
Median Home Price
$559,900
$564,990
$565,000
$699,900
Median Sale Price
$535,000
-11% YoY
$545,900
+4% YoY
$565,000
+3% YoY
$714,500
Median Single Family Price
$535,000
$549,900
$566,250
$720,000
Median Townhouse Price
$575,000
--
$435,000
$616,210
Median Condo Price
$299,000
$380,000
$357,400
$544,500
Total Active Listings
0
12
17
1
Market Conditions
0 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market

Frequently Asked Questions

Is Vernon a good place to live?
Vernon is a good place to live. Vernon is considered fairly walkable and very bikeable with good transit options. Vernon is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Vernon has 6 parks for recreational activities. It is very dense in population with 16.0 people per acre and a median age of 39. The average household income is $126,576 which is above the national average. College graduates make up 61.8% of residents. A majority of residents in Vernon are home owners, with 46% of residents renting and 54% of residents owning their home. A local real estate agent serving Vernon can help you decide if this neighborhood is the right one for you. Learn more on our Vernon neighborhood guide.
Is Vernon, OR a safe neighborhood?
Vernon, OR is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Vernon?
The median home price in Vernon is $559,900. If you put a 20% down payment of $112,000 and had a 30-year fixed mortgage with an interest rate of 6.58%, your estimated principal and interest payment would be $2,850 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $122K a year to afford the median home price in Vernon. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Vernon is $127K.
What are the best public schools in Vernon?
The best public schools that serve Vernon are:
  • Vernon School has a B+ Niche grade, a student teacher ratio of 18:1 and an average review score of 3.0.
  • Jefferson High School has a B Niche grade, a student teacher ratio of 13:1 and an average review score of 3.9.
  • Leodis V. McDaniel High School has a B- Niche grade, a student teacher ratio of 17:1 and an average review score of 3.8.
What are the best private schools in Vernon?
The best private schools that serve Vernon are:
What are the most popular zip codes in Vernon, Portland, OR?
The most popular zip codes in Vernon, Portland, OR include 97211, 97212, 97217, 97227 and 97218.
What are the most popular neighborhoods near Vernon, Portland, OR?
The most popular neighborhoods near Vernon, Portland, OR are King, Concordia, Woodlawn, Humboldt and Alameda.
Are home prices dropping in Vernon?
Yes, home prices in Vernon are down 6% in the last 12 months.
How to Buy a Home How to Finance a Home How to Sell a Home

Located in Portland, Oregon, the Vernon neighborhood is a vibrant part of the Alberta Arts District, known for its artistic community and eclectic mix of homes. Properties in Vernon range from colorful bungalows and Arts and Crafts styles to Foursquares and houses with Tudor influences, many built in the early to mid-20th century. While primarily residential, the area offers diverse housing options, including condos, townhouses, multi-family homes, and mobile homes. The average home value is approximately $621,038, with an average price per square foot of $339. The neighborhood's housing market is robust, with a 10% increase in average sale prices over the last year. Vernon is served by Portland Public Schools, with Vernon School and Jefferson High School receiving favorable ratings. The neighborhood's proximity to Alberta Park, public transportation, and local businesses makes it an attractive area for prospective buyers and renters seeking a dynamic and walkable community.

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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