Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Reed area can be challenging. Home prices in Reed are now at a median cost of $604,171, higher than the Portland average of $436,940.
The average cost of rent is $1,488/mo in Reed, primarily driven by the current value of real estate in the Reed area. While nearly 28.75% of residents own their homes outright in Reed, 54.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Reed is $6,985 per month. Households that rent pay about 21.31% of their income on rent here. Reed's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Nearby Neighborhoods
- Creston-Kenilworth, Portland, OR: less expensive homes
- Woodstock, Portland, OR: less expensive homes
- Eastmoreland, Portland, OR: higher priced homes
- Brooklyn, Portland, OR: less expensive homes
- Hosford-Abernethy, Portland, OR: equally priced homes
- Sellwood-Moreland, Portland, OR: less expensive homes
- Richmond, Portland, OR: equally priced homes
- Errol Heights, Portland, OR: less expensive homes
- Mount Scott, Portland, OR: less expensive homes
- Foster-Powell, Portland, OR: less expensive homes
Neighborhoods with Similar Populations
- Spring Isle, Alafaya, FL: less expensive homes
- Kendall, San Bernardino, CA: less expensive homes
- Ladera West, Albuquerque, NM: less expensive homes
- Lagonda, Springfield, OH: less expensive homes
- Lakewide, Oakland, CA: higher priced homes
- Lancaster Historic District, Lancaster, OH: less expensive homes
- Landfall, Wilmington, NC: higher priced homes
- Lawrence Park, Sacramento, CA: less expensive homes
- Lettered Streets, Bellingham, WA: less expensive homes
- Linwood, Fort Lee, NJ: less expensive homes
All Local Stats
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