Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Northwest area can be challenging. Home prices in Northwest are now at a median cost of $797,712, higher than the Portland average of $550,902.
The average cost of rent is $1,663/mo in Northwest, primarily driven by the current value of real estate in the Northwest area. In Northwest, 79.24% of households rent, and 30.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Northwest is $7,147 per month. Households that rent pay about 23.28% of their income on rent here. Northwest’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Slabtown, Portland, OR: less expensive homes
- Pearl District, Portland, OR: less expensive homes
- Old Town-Chinatown, Portland, OR: less expensive homes
- University District, Portland, OR: less expensive homes
- Southwest Hills, Portland, OR: higher priced homes
- Eliot, Portland, OR: less expensive homes
- Homestead, Portland, OR: equally priced homes
- Overlook, Portland, OR: less expensive homes
- Boise, Portland, OR: less expensive homes
- Irvington, Portland, OR: equally priced homes
Neighborhoods with Similar Populations
- Diamond Head-Kapahulu-St Louis, Honolulu, HI: higher priced homes
- Chevy Chase, Washington, DC: higher priced homes
- Bassett, West Puente Valley, CA: less expensive homes
- Bay Terraces, San Diego, CA: less expensive homes
- Summerdale, Philadelphia, PA: less expensive homes
- Central, Tacoma, WA: less expensive homes
- West Central, Pasadena, CA: equally priced homes
- Central, Boston, MA: higher priced homes
- Camp Pendleton South, Oceanside, CA: equally priced homes
- Central Arlington, Arlington, TX: less expensive homes
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