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Downtown Portland, Oregon Average Home Sizes and Asking Prices
| Updated On: May 19, 2012 |
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Zipcode
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Single Family Home |
Townhome or Condo |
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4 BR
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3 BR
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#Lst
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3 BR
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2 BR
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#Lst
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97201 |
4,400 sf |
$1,538,000
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3,200 sf |
$840,000
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31
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2,300 sf |
$740,000
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1,400 sf |
$513,000
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48
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| Data is not available at this time |
| Sold Price History in 97201 |
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Homes for Sale in Downtown Portland
Downtown Portland Real Estate & Homes for Sale in Oregon
Located in Multnomah County, Oregon, Downtown Portland is in the center of everything. From excellent schools, economic opportunities, to endless recreational and cultural opportunities, and a fine real estate selection, there is simply no other community like Downtown Portland.
The area is home to approximately 8,400 residents, with an estimate of over 583,000 people in the city of Portland itself. Portland is the third populous city in the Pacific Northwest and is considered one of the most environmentally friendly cities in the world. Residents take great pride in this designation, along with their excellent transportation system courtesy of Metro's light rail, their strong arts and culture scene, the large number of microbreweries and microdistilleries, and—believe it or not—their fantastic year-round weather.
Downtown Portland's students are under the jurisdiction of six public school districts and are within close proximity to several well-renowned colleges and universities. The economy throughout the Portland metropolitan region is strong and diverse with such industries as real estate, advertising, manufacturing and technology serving as economic strongholds. Downtown Portland also hosts a variety of events throughout the year for the benefit of residents. These include art openings, ballets, museum openings, and festivals.
Recreationally, Portland is the perfect city for nature lovers and adventurers. Golfing, hiking, bike riding, swimming and fishing are just a sampling of what one can do in Portland's great outdoors. Finally, the area's real estate market is abundant with high-rise condos and converted warehouse-to-lofts in such neighborhoods as Goose Hollow and the Pearl District. With so much to see and do in Downtown Portland, it's no wonder why residents are proud to call this area home. | Downtown Portland Living |
Downtown Portland Real Estate: Prices Downtown Portland Homes for Sale
Downtown Portland's housing market is diverse and affordable, with average sales prices for homes running in the $270,000 range. If you plan to invest in real estate in Downtown Portland, consider looking at some of the area's lofts and condos first. Prices for condos range from $80,000 for a 1 bedroom unit in a historic location to $800,000 for a high-rise condo in a corner unit. Penthouses are priced in the million dollar range. If you're looking for a starter family home in Downtown Portland, prices start at $335,000 for a 3 bedroom home in Portland Heights. Tudor styled homes and historic properties start from the high $900,000s to over $1 million. Land parcels for custom home building, though rare in this part of Portland, start in the low $500,000s.
Downtown Portland Real Estate Stats and Trends for the week of May 14th, 2012: homes priced around $840,292 compared to $827,771 the previous week, showing a increase of more than +1%. For Saturday, May 19th, the current national mortgage rate for a 30 year fixed mortgage is 3.73%; the 15 year fixed rate is at 3.03%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.39%, while the 15 year jumbo rate currently is at 3.60%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Downtown 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 Downtown Portland to help you find the best home! |