Portland, OR Community Information

Portland, OR Homes for Sale

Portland Metro and Neighborhood Information

Combine award-winning cuisine with art and roses and you end up in Portland. Known as the City of Roses, Portland was recently awarded the 2007 honor as Delicious Destination of the Year by The Food Network and was also named the 10th Best Big City Arts Destination in the U.S. by American Style magazine. As the largest city between San Francisco and Seattle, Portland vies with those towns as the spiritual capital of the laid-back north Pacific Coast. But it does so in a way that mixes big-city dynamics with small-town friendliness. Portland has avoided the problems that come with growth, and although it is now experiencing rapid development, it has been able to keep its unique character.

The city is located in the Willamette Valley in Multnomah County and lies on a dormant volcanic field called Boring Lava Field. No longer spewing lava, the land now is best known for growing roses which appear all around the city. Portland is also home to the Trail Blazers NBA team and Mill Ends Park, which is the world's smallest park. The city also houses the Portland Twilight Criterium, an event featuring the area's fastest cyclists. Many residents gather to watch their friends and family compete in this popular pastime.

Hiking trails and microbreweries

Living in downtown Portland offers an easy walk to the Tom McCall Waterfront Park to enjoy the Waterfront Blues Festival and the Bite of Oregon Festival. Just west of downtown is Washington Park with its many hiking trails and the Oregon Zoo. North of downtown lie the northwest neighborhoods with street names arranged alphabetically. These unusual street names were the inspiration of characters in The Simpsons, including Ned Flanders, Reverend Lovejoy and Mayor Quimby.

The median home price in Portland is $335,000. Prominent neighborhoods include Irvington and Acameda Ridge, which boasts some of the largest and most expensive homes in the city. The King neighborhood, Lloyd district, Hollywood, Alberta Arts District and the Rose Quarter are also some of Portland's most well-known areas. The Southeast region of Portland incorporates the Ladd's Addiction, Hawthorne and Belmont districts.

Eco-friendly city planning have drawn many new families to Portland. Another alluring reason is the city's 28 breweries, making Portland home to the most breweries in the United States. Whether you enjoy quaffing a microbrew or smelling the roses, start your home search in Portland today!

'''Sources and more information:'''
http://www.portlandonline.com/
http://en.wikipedia.org/wiki/Portland_Rose_Festival
http://en.wikipedia.org/wiki/Portland_or
http://en.wikipedia.org/wiki/Tom_McCall_Waterfront_Park
http://www.forbes.com/realestate/2007/06/21/home-market-seller-forbeslife-cx_mw_0622realestate_slide_8.html?thisSpeed=15000
http://www.britannica.com/ebc/article-9375694
http://www.oregon.com/towns/population_alpha.cfm
http://www.courier-journal.com/apps/pbcs.dll/article?AID=/20050710/BUSINESS/50711001&SearchID=73214057455274
http://www.kgw.com/news-local/stories/kgw_071707_business_house_prices_.83ebf32e.html
http://www.downtownportland.org/events.html

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Corbett (19)

Fairview (33)

Gresham (190)

Troutdale (39)

Wood Village (39)

Portland, OR Community Information

Population

830,065

Median Age

36.1

Median Household Income

$55,743

Households with Children

43.95%

Median Travel Time to Work

24 minutes

Portland, OR Real Estate Market Information

Homes Owned

57.55%

Homes Rented

38.41%

Homes Vacant

4.04%

Portland, OR Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Portland, OR School Information

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.