Alberta Arts District

Portland, OR

Neighborhood Market Analysis

Q3 2025 Report
$329,000–$511,000 (as of June 2025, with significant variance due to recent market volatility)
Median Home Price
Very high (Walk Score 85–90)
Walkability Score
Mixed; public schools in the area have average to above-average ratings, but school boundaries should be verified for each property.
School Rating

Location Overview

Neighborhood Boundaries

Generally bounded by NE Killingsworth St (north), NE 33rd Ave (east), NE Martin Luther King Jr Blvd (west), and NE Prescott St (south).

Zip Codes

9721197212

Market Data Summary

Price RangeRecent sales range from $329,000 (Feb 2025) to $511,000 (June 2025)
Price per Sq Ft$308–$466 per sq ft (2025)
Inventory LevelsLow; only 3–5 homes sold per month in early 2025, indicating limited inventory and slower turnover.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesTownhomesCondosMixed-use buildings

Architectural Styles

CraftsmanVictorianBungalowsContemporary infill

Property Details

Typical Lot SizesSmall urban lots (2,500–5,000 sq ft)
Home Age RangeEarly 1900s–present (many homes 80–120 years old, with some new infill)
Construction QualityMix of historic charm and modern renovations; variable quality, with some homes needing updates.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, artists, families, and long-term residents. Increasingly popular with creative and tech workers.

Community Vibe

Eclectic, artsy, progressive, and community-oriented. Known for murals, galleries, and a vibrant street scene.

Typical Residents

  • Young professionals
  • Artists
  • Families
  • Long-term residents

Family Friendly

Moderately family-friendly; limited elementary schools within neighborhood boundaries but access nearby. Parks and community events support families.

Amenities & Lifestyle

Parks & Recreation

  • Alberta Park
  • Wilshire Park
  • Neighborhood pocket parks

Dining Options

  • Farm-to-table restaurants
  • Food carts
  • Cafés
  • Craft breweries

Shopping Centers

  • Local retail clusters along NE Alberta St; no major malls, but abundant independent shops

Local Businesses

  • Boutique shops
  • Art galleries
  • Coffee roasters
  • Vintage stores

Education & Schools

Mixed; public schools in the area have average to above-average ratings, but school boundaries should be verified for each property.
Overall School Rating

Elementary Schools

  • No elementary schools within immediate boundaries; nearby options include Vernon Elementary and Sabin Elementary

Middle Schools

  • Beaumont Middle School (nearby)

High Schools

  • Jefferson High School (nearby)

Private Schools

  • Portland Village School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • TriMet bus lines (8, 17, 72)
  • MAX light rail (within 1–2 miles)

Major Roads

  • NE Alberta St
  • NE 33rd Ave
  • NE Martin Luther King Jr Blvd

Commute & Walkability

Commute Times15–25 minutes to downtown Portland by car or transit; 20–30 minutes by bike.
WalkabilityExcellent; most errands can be accomplished on foot.
ParkingStreet parking is common; can be limited during events or peak hours.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Artists/creatives
  • Small families
  • Investors

Key Selling Points

  • Eclectic, walkable neighborhood
  • Thriving arts and dining scene
  • Historic homes with character
  • Strong rental demand

Pricing Considerations

Price competitively given recent market correction; updated homes command premium.

Common Objections & Response Strategies

Objection: Recent price drops and market volatility.

Response Strategy:

Emphasize long-term appreciation, unique neighborhood character, and current value opportunities for buyers.

Objection: Older homes may need repairs or updates.

Response Strategy:

Highlight homes with recent renovations; provide cost estimates and reputable contractor referrals for needed work.

Objection: Limited school options within immediate boundaries.

Response Strategy:

Point to nearby schools and strong community resources for families.

Objection: Street parking can be challenging.

Response Strategy:

Showcase properties with off-street parking or proximity to transit and bike routes.

Investment Insights

Investment Potential

Appreciation Potential

Historically strong, but recent volatility and price drops in 2025 suggest a correction; long-term outlook remains positive due to location and amenities.

Rental Demand

High; strong demand from young professionals, students, and creatives. Rental yields are attractive for well-maintained properties.

Buyer Competition

Competitive for updated, move-in-ready homes; less so for properties needing renovation.

Best For

  • Investors seeking rental income
  • Buyers wanting walkable, vibrant neighborhoods
  • First-time buyers seeking value after price correction

Potential Concerns

  • Price volatility in 2025
  • Older homes may require significant updates
  • Limited inventory

Professional Recommendations

1

Educate buyers on recent market correction and long-term value.

2

Highlight walkability, arts, and dining in marketing materials.

3

Stage homes to emphasize light, space, and local character.

4

Network with local businesses and artists for community-driven open houses.

5

Advise sellers on realistic pricing given current trends.

6

Prepare buyers for competition on well-priced, updated homes.

Competitive Analysis

Comparable Markets

  • Mississippi/Williams Corridor
  • Sellwood
  • Hawthorne/Division

Market Positioning

Ideal for buyers seeking urban lifestyle with strong community identity and investment upside.

Competitive Advantages

  • Unique arts culture
  • High walkability
  • Diverse dining and retail

Price Comparison

Median prices are slightly below other trendy NE Portland neighborhoods, offering relative value in 2025.

Investment Metrics

Estimated 4.5–5.5% for well-located rentals (2025)
Cap Rates
Strong; above Portland average due to high demand and walkability
Rental Yields
Favorable for investors, especially after 2025 price correction
Price-to-Rent
Positive for updated properties; value-add opportunities exist
Cash Flow
Moderate near-term, stronger long-term as market stabilizes
Appreciation

Buyer Journey Insights

First-Time Buyers

Attractive entry point after price drop; opportunity to build equity in a vibrant neighborhood.

Move-Up Buyers

May find limited inventory of larger homes; best suited for those seeking character and location over size.

Downsizers

Appealing for those seeking walkability and culture, but may require adjustment to smaller lots/homes.

Investors

Strong rental demand and value-add potential; focus on updated or easily renovated properties.

Relocators

Neighborhood's unique culture and amenities appeal to those moving from higher-cost markets.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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