There is no doubt that the booming metropolitan city of Portland, Oregon, offers an array of amenities that make this city one of the best places to live. Endless recreational opportunities, excellent schools and colleges, and affordable real estate are just a few of the many reasons why this city of almost 600,000 enjoys calling this region home.
Portland is divided up into five sections, aptly named Southwest, Northwest, North, Northeast and Southeast. Within each section are several different neighborhoods, all which offers a variety of amenities including neighborhood schools, access to public transportation services, and community parks, among others. One of these neighborhoods is Central Northeast Portland, home to approximately 62,469 residents.
Eight neighborhoods lie within the Central Northeast region of Portland: Beaumont-Wilshire, Cully, Hollywood, Madison South, Rose City Park, Roseway, Sumner, and Sunderland. These neighborhoods offer a variety of housing options that range from starter homes, single- and multi-family homes, to condos, townhomes, houseboats, and million-dollar properties. Residents enjoy living along the Willamette and Columbia rivers, against the natural backdrop of Oregon, and within minutes from the city's downtown district.
Central NE Portland Real Estate Market Info - Prices of Houses
Central Northeast Portland is comprised of eight neighborhoods with each offering an affordable and diverse selection of real estate, including Multnomah County single-family homes, townhomes and condos, multi-family properties, as well as land parcels around the outskirts of Portland. Average listing prices for properties in Central NE Portland currently hover in the high $275,000s. Central Northeast Portland's condo and townhome market offers property prices that range between $110,000 and $400,000. Properties within the higher end of the pricing spectrum usually consist of new construction and contemporary condo models. Single-family homes in Central Northeast Portland start from the low $100,000s for a charming starter home to $900,000 for a restored Craftsman home. Million dollar properties are available as well in Central NE Portland. Land parcels in Central NE Portland start at $75,000.
Central NE Portland Real Estate Stats and Trends for the week of March 3rd, 2014: homes priced around $427,897 compared to $440,461 the previous week, showing a decrease of less than -3%. For Sunday, March 9th, the current national mortgage rate for a 30 year fixed mortgage is 4.39%; the 15 year fixed rate is at 3.42%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 3.76%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Central NE Portland OR. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Central NE Portland to help you find the best home!