The Most Affordable Neighborhoods in Pearl District, Portland, OR by Home Value

 

Pearl District, Portland, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Pearl District area can be challenging. Home prices in Pearl District are now at a median cost of $619,370, higher than the Portland average of $550,902.

The average cost of rent is $1,812/mo in Pearl District, primarily driven by the current value of real estate in the Pearl District area. In Pearl District, 72.86% of households rent, and 36.60% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Pearl District is $8,936 per month. Households that rent pay about 20.28% of their income on rent here. Pearl District’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern 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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