With a pleasant year-round climate, four distinct seasons and endless recreational opportunities, there is no doubt that the city of Portland is considered one of the best places to live, work, and raise your family. Recognized by Money magazine as one of the country's best cities to live and launch a business, residents can't deny the fact that Portland's thriving economy, urban scene, and abundance of green open spaces are what keeps them here.
Almost 600,000 people currently live in Portland, with about 42,000 living in North Portland alone. The city of Portland is divided up in to seven sections, each serving as a network to Portland's 95 neighborhoods. North Portland alone is home to 11 neighborhoods: Arbor Lodge, Bridgeton, Cathedral Park, East Columbia, Hayden Island, Kenton, Overlook, Piedmont, Portsmouth, St. Johns, and University Park. Residents have invested in the area's single-family homes market, as well as waterfront properties, houseboats, townhomes, and condominiums. Residents enjoy living along the Willamette and Columbia rivers, against the natural backdrop of Oregon, and within minutes from the city's downtown district.
North Portland, also known as "NoPo" and "the Fifth Quadrant" to locals, is the home of the Portland International Raceway, the Port of Portland, and the University of Portland. The headquarters for Adidas America is also located in North Portland as well. North Portland is connected to the Northwest Portland region by way of the St. Johns Bridge, a structure that is highly regarded for its cathedral-like bases and for the park and neighborhood for which the area is named after, Cathedral Park.
North Portland Real Estate Market Info - Prices of Houses for Sale in North Portland
Eleven neighborhoods make up the area of North Portland, Oregon, with each neighborhood offering an affordable and eclectic selection of real estate. Future homeowners will notice that average listing prices for homes in North Portland run in the low $250,000s with prices for 2-story homes hovering in the high $265,000s. Employees of Adidas America find that living in North Portland is ideal as the company's headquarters are located in the same region. Buyers can purchase a charming starter home in the neighborhood of St. Johns for as little as $110,000 or a lovely 3 bedroom ranch-style home in the same neighborhood for $130,000. If you've ever dreamed of living on the water, then look toward the neighborhood of Hayden Island where you can find spectacular "floating homes" starting at $500,000. These properties may come fully furnished and feature their own boat slips. Waterfront properties are also available in North Portland with prices starting from the low $800,000s. Buyers who are looking to invest in real estate may want to consider some of North Portland's condos and townhomes; prices range between $100,000 and $660,000. Land prices in North Portland begin in the $100,000 range.
North Portland Real Estate Stats and Trends for the week of December 15th, 2014: homes priced around $273,575 compared to $268,690 the previous week, showing a increase of more than +2%. For Sunday, December 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.12%; the 15 year fixed rate is at 3.14%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.24%, while the 15 year jumbo rate currently is at 3.92%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in North Portland OR. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in North Portland to help you find the best home!