The Most Affordable Neighborhoods in Old Town-Chinatown, Portland, OR by Home Value

 

Old Town-Chinatown, Portland, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Old Town-Chinatown area can be challenging. Home prices in Old Town-Chinatown are now at a median cost of $586,033, higher than the Portland average of $550,902.

The average cost of rent is $1,119/mo in Old Town-Chinatown, primarily driven by the current value of real estate in the Old Town-Chinatown area. In Old Town-Chinatown, 91.92% of households rent, and 56.69% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Old Town-Chinatown is $3,176 per month. Households that rent pay about 35.22% of their income on rent here. Old Town-Chinatown’s most expensive areas are in the northeastern 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.


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