The Most Affordable Neighborhoods in Hazelwood-Mill Park, Portland, OR by Home Value

 

Hazelwood-Mill Park, Portland, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Hazelwood-Mill Park area can be challenging. Home prices in Hazelwood-Mill Park are now at a median cost of $432,058, lower than the Portland average of $550,902.

The average cost of rent is $1,523/mo in Hazelwood-Mill Park, primarily driven by the current value of real estate in the Hazelwood-Mill Park area. In Hazelwood-Mill Park, 57.42% of households rent, and 29.00% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Hazelwood-Mill Park is $5,375 per month. Households that rent pay about 28.33% of their income on rent here. Hazelwood-Mill Park’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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