Laurelhurst

Portland, OR

Neighborhood Market Analysis

Q3 2025 Report
$950,000 (as of July 2025)
Median Home Price
82 (Very Walkable)
Walkability Score
Highly rated public schools (8-9/10 on GreatSchools); Laurelhurst K-8 is especially sought after.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by NE 32nd Ave (west), NE 44th Ave (east), NE Halsey St (north), and E Burnside St (south). Includes Laurelhurst Park at its center.

Zip Codes

9723297214

Market Data Summary

Price Range$750,000 - $1.6M+
Price per Sq Ft$420 - $520/sq ft
Inventory LevelsTight inventory, with 1.5-2 months of supply.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesHistoric estatesSome duplexes

Architectural Styles

CraftsmanTudor RevivalColonial RevivalBungalowMid-century

Property Details

Typical Lot Sizes5,000 - 10,000 sq ft
Home Age RangeBuilt 1910-1940, some renovations and modern updates
Construction QualityHigh, with many homes featuring original woodwork, built-ins, and period details.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly professional, highly educated residents; mix of families, established professionals, and retirees.

Community Vibe

Historic, leafy, and tranquil; strong sense of community pride and involvement.

Typical Residents

  • Families with children
  • Young professionals
  • Retirees
  • Long-term residents

Family Friendly

Very family-friendly, with active neighborhood association, community events, and proximity to parks and schools.

Amenities & Lifestyle

Parks & Recreation

  • Laurelhurst Park (central feature, 31 acres, playgrounds, dog off-leash area, pond, sports courts)

Dining Options

  • Laurelhurst Market (steakhouse)
  • Petite Provence (French bakery/cafe)
  • Migration Brewing
  • Pine State Biscuits

Shopping Centers

  • Whole Foods (NE 28th)
  • Fred Meyer (Hollywood District)
  • Local boutiques on NE 28th Ave

Local Businesses

  • Petite Provence Bakery
  • Laurelhurst Market
  • Heart Coffee Roasters
  • Pastaworks

Education & Schools

Highly rated public schools (8-9/10 on GreatSchools); Laurelhurst K-8 is especially sought after.
Overall School Rating

Elementary Schools

  • Laurelhurst Elementary
  • Glencoe Elementary

Middle Schools

  • Laurelhurst K-8
  • Beaumont Middle School

High Schools

  • Grant High School

Private Schools

  • Central Catholic High School
  • St. Stephen's Academy

Transportation & Accessibility

Transit & Roads

Public Transit

  • TriMet bus lines 12, 19, 20
  • Nearby MAX Light Rail (Hollywood/NE 42nd Ave)

Major Roads

  • NE Glisan St
  • E Burnside St
  • NE 33rd Ave
  • NE 39th/Cesar Chavez Blvd

Commute & Walkability

Commute Times10-15 min to downtown by car, 25-35 min by transit, 20 min by bike.
WalkabilityVery walkable, bike-friendly, with neighborhood greenways and safe crossings.
ParkingMostly street parking; some homes have driveways/garages. Occasional congestion near Laurelhurst Park.

Marketing Intelligence

Target Buyer Types

  • Move-up buyers
  • Families with school-age children
  • Historic home enthusiasts
  • Relocating professionals

Key Selling Points

  • Historic architecture
  • Walkability to parks, dining, and schools
  • Strong community vibe
  • Central location

Pricing Considerations

Homes priced competitively within the $900K-$1.2M range sell fastest; premium for move-in ready, updated properties.

Common Objections & Response Strategies

Objection: Older homes may require costly maintenance or updates.

Response Strategy:

Provide inspection reports, highlight recent upgrades, and connect buyers with local contractors specializing in historic homes.

Objection: Street parking can be limited, especially near the park.

Response Strategy:

Emphasize available driveways/garages and the walkability of the neighborhood, reducing car dependence.

Objection: Concerns about traffic safety near schools.

Response Strategy:

Share ongoing city and school initiatives to improve crossings and traffic calming measures[1].

Investment Insights

Investment Potential

Appreciation Potential

Strong, due to historic character, central location, and school quality.

Rental Demand

Moderate; primarily owner-occupied, but high demand for quality rentals.

Buyer Competition

High, especially for well-maintained historic homes.

Best For

  • Families seeking top schools
  • Buyers wanting historic homes
  • Professionals needing central access

Potential Concerns

  • Older home maintenance costs
  • Limited new construction
  • Traffic safety near schools[1]

Professional Recommendations

1

Leverage historic and architectural storytelling in marketing.

2

Network with local contractors and preservation specialists for buyer resources.

3

Host neighborhood walking tours to showcase community vibe.

4

Highlight school quality and walkability in all marketing materials.

5

Stay updated on city safety and infrastructure initiatives to address buyer concerns.

Competitive Analysis

Comparable Markets

  • Irvington
  • Alameda
  • Eastmoreland

Market Positioning

Premium historic neighborhood with strong family and community appeal.

Competitive Advantages

  • Central location
  • Historic park and walkability
  • Top-rated schools

Price Comparison

Slightly higher than Irvington and Alameda, but lower than Eastmoreland for comparable homes.

Investment Metrics

3.5% - 4.2% (single-family rentals)
Cap Rates
3.2% - 3.8%
Rental Yields
High (indicating stronger owner-occupancy)
Price-to-Rent
Limited for traditional rentals; better for high-end furnished or short-term rentals.
Cash Flow
3-5% annual appreciation expected through 2026.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price point; recommend focusing on smaller homes or fixer-uppers.

Move-Up Buyers

Ideal neighborhood for those seeking more space, better schools, and community.

Downsizers

Appealing for those wanting walkability and low-maintenance yards, but limited single-level options.

Investors

Best suited for long-term appreciation; limited cash flow but strong equity growth.

Relocators

Highly attractive for professionals/families relocating to Portland for schools and lifestyle.

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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