{"id":691,"date":"2020-10-14T22:25:09","date_gmt":"2020-10-14T22:25:09","guid":{"rendered":"https:\/\/theportlandneighborhoodguide.com\/?p=691"},"modified":"2020-10-14T22:57:47","modified_gmt":"2020-10-14T22:57:47","slug":"the-5-most-affordable-neighborhoods-in-portland-oregon","status":"publish","type":"post","link":"https:\/\/theportlandneighborhoodguide.com\/the-5-most-affordable-neighborhoods-in-portland-oregon\/","title":{"rendered":"The 5 Most Affordable Neighborhoods in Portland, Oregon"},"content":{"rendered":"

First thing\u2019s first: As of September 2020, Portland\u2019s median home sale price was at $451,000. In this post, I\u2019ll be sharing the most affordable neighborhoods in Portland and where you can get a \u201cdeal\u201d as well as examples of homes that sold in 2020.\u00a0<\/span><\/p>\n

Keep in mind that a \u201cdeal\u201d means something different to everyone, but for the purposes of this post we\u2019re featuring neighborhoods with median home sale prices that are below Portland\u2019s overall median price.<\/span><\/p>\n

(Also! This is by no means a comprehensive list, but this is a fantastic place to get started!)\u00a0<\/span><\/p>\n

1. Hazelwood\u00a0<\/strong><\/h2>\n

In 2019, the median home sale price in Portland\u2019s Hazelwood neighborhood was at $320,000. The Hazelwood neighborhood is home to lots of lovely one-level ranch-style homes<\/a>, and one of this neighborhood\u2019s big highlights is the easy access to Glendoveer Golf Course. You don\u2019t even have to play golf to enjoy this local amenity\u2014there is a beautiful path around the course that\u2019s perfect for staying active and getting in your steps for the day. <\/span><\/p>\n

The Hazelwood neighborhood also offers excellent access to Interstate-84 and Interstate-205, and the Light Rail\u2019s MAX Blue Line runs right through the neighborhood.\u00a0<\/span><\/p>\n

Here are a couple of great examples of recently sold homes in the Hazelwood neighborhood:<\/span><\/p>\n

Hazelwood Home – Sold for $325,000<\/strong><\/a><\/p>\n

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Listed by Anthony Stroud with Windermere Community Realty<\/em><\/p><\/div>\n

 <\/p>\n

Hazelwood Home – Sold for $315,000<\/strong><\/a><\/p>\n

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Listed by Jeanne Paul with Windermere Realty Trust<\/em><\/p><\/div>\n

\n

2.\u00a0Powellhurst-Gilbert<\/strong><\/h2>\n

In 2019, the median home sale price in Portland\u2019s Powellhurst-Gilbert neighborhood was at $300,000. In the Powellhurst-Gilbert neighborhood you\u2019ll find one-level ranches with garages, big yards, and there\u2019s just lots of greenspace around in general! You\u2019re also at the foot of Powell Butte, which has some seriously rad hikes and awesome views.\u00a0<\/span><\/p>\n

Here are a couple of great examples of recently sold homes in the Powellhurst-Gilbert neighborhood: <\/span><\/p>\n

Powellhurst-Gilbert Home – Sold for $330,000<\/strong><\/a><\/p>\n

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Listed by David B Soulier with Keller Williams-PDX Central<\/em><\/p><\/div>\n

 <\/p>\n

Powellhurst-Gilbert Home – Sold for $309,000<\/strong><\/a><\/p>\n

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Listed by Premiere Property Group, Llc<\/p><\/div>\n

\n

3. Sumner\u00a0<\/b><\/h2>\n

In Portland\u2019s Sumner neighborhood, the 2019 median home sale price was $307,100. This neighborhood offers many great starter houses that are perfect for first-time homeowners<\/a>. Homes in Sumner are on the smaller side, but most have decent sized yards with nice outdoor spaces. You also have a quick commute to the airport from the Sumner neighborhood, which is a big perk for those who have to fly a lot for work.\u00a0<\/span><\/p>\n

Sumner Home – Sold for $375,000<\/strong><\/a><\/p>\n

This home was listed for $319,000 and sold for $375,000 (17% above list price) in only 3 days. This home represents a good example of the realities of our current real estate market here in Portland.\u00a0<\/span><\/p>\n

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Listed by Erin Middleton with Keller Williams-PDX Central<\/p><\/div>\n

 <\/p>\n

Sumner Home – Sold for $345,000<\/strong><\/a><\/p>\n

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Listed by Heather Lamkins with Think Real Estate<\/p><\/div>\n

\n

4. Centennial<\/b><\/h2>\n

In Portland\u2019s Centennial neighborhood, the 2019 median home sale price was $307,000. Centennial is also home to many awesome ranch houses, and it\u2019s right at the base of Powell Butte giving you easy access to beautiful greenspace, hikes, and big views.\u00a0<\/span><\/p>\n

Centennial is also on Light Rail\u2019s MAX Blue Line which runs from Gresham all the way to Hillsboro, taking you through Downtown Portland and Beaverton. This makes the Centennial neighborhood an especially great option for those who need to commute for work.\u00a0<\/span><\/p>\n

Here are a couple of great examples of recently sold homes in the Centennial neighborhood:<\/span><\/p>\n

Centennial Home – Sold for $309,250<\/strong><\/a><\/p>\n

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Listed by Michael Jacobson Windermere Realty Trust<\/p><\/div>\n

 <\/p>\n

Centennial Home – Sold for $315,000<\/strong><\/a><\/p>\n

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Listed by Sharlene Giard with RE\/MAX Neighbors<\/p><\/div>\n

\n

5. Mill Park <\/b><\/h2>\n

In Portland\u2019s Mill Park neighborhood, the 2019 median home sale price was $308,500. In Mill Park you\u2019ll find lots of one-level homes and just a bunch of solid ranch homes. Mill Park is filled with cute residential streets and because the streets curve their way through the neighborhood, it\u2019s a fairly \u201cslow\u201d neighborhood as well. However, there is still easy access to local freeways, and you\u2019re close to both Interstate-205 and I-84.\u00a0<\/span><\/p>\n

Here are a couple of great examples of recently sold homes in the Mill Park neighborhood:<\/span><\/p>\n

Mill Park Home – Sold for $331,000<\/strong><\/a><\/p>\n

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Listed by Amy Anderson with Oregon Realty Co.<\/em><\/p><\/div>\n

 <\/p>\n

Mill Park Home – Sold for $345,500<\/strong><\/a><\/p>\n

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Listed by Amanda Brown with Inhabit Real Estate Llc<\/em><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

First thing\u2019s first: As of September 2020, Portland\u2019s median home sale price was at $451,000. In this post, I\u2019ll be sharing the most affordable neighborhoods in Portland and where you can get a \u201cdeal\u201d as well as examples of homes that sold in 2020.\u00a0 Keep in mind that a \u201cdeal\u201d means something different to everyone, […]<\/p>\n","protected":false},"author":2,"featured_media":732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,11,10],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/posts\/691"}],"collection":[{"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/comments?post=691"}],"version-history":[{"count":3,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/posts\/691\/revisions"}],"predecessor-version":[{"id":730,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/posts\/691\/revisions\/730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/media\/732"}],"wp:attachment":[{"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/media?parent=691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/categories?post=691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theportlandneighborhoodguide.com\/wp-json\/wp\/v2\/tags?post=691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}