Current 2008 home prices in Portland

North Portland used to be the least expensive area in Portland metro, but this decade has seen an explosion in people wanting to live in some of its neighborhoods such as Arbor Lodge, University Park, Mississippi, and Kenton.

So with that desire, prices have gone up and North Portland no longer holds the “least expensive” title. That now belongs to the Gresham-Troutdale area.

Here are the average and median prices, year-to-date, for homes in Portland metro. They are listed from most expensive to least expensive:

Average & Median = Area

$553,800 & $455,000 = Lake Oswego, West Linn
$483,900 & $399,000 = West Portland
$399,300 & $375,000 = Northwest Washington County
$363,500 & $332,500 = Tigard, Tualatin, Sherwood, Wilsonville
$332,200 & $292,200 = Milwaukie, Clackamas, Happy Valley
$328,900 & $289,000 = Oregon City, Canby
$326,000 & $280,000 = Northeast Portland
$283,500 & $259,900 = Hillsboro, Forest Grove
$281,400 & $247,800 = Southeast Portland
$279,700 & $251,600 = Beaverton, Aloha
$271,300 & $255,000 = North Portland
$265,600 & $248,000 = Gresham, Troutdale