On the east side of the Williamette River in Portland, there is a group of communities that make up the area of Southeast Portland. Here, first-time homebuyers and investors will find eclectic architecture, charming neighborhoods and funky retail districts, plus all the conveniences of a big city. Housing options in Southeast Portland include single-family homes in a variety of sizes and prices, condominiums, and townhouses.
Southeast Portland is roughly bordered by the Williamette River on the west, Interstate 84 on the north, Interstate 205 on the east, and the Clackamas County line on the south. With more than 20 separate designated neighborhoods, Southeast Portland is home to approximately 163,000 people. These residents are known for their community pride, demonstrated through efforts to retain each neighborhood’s small-town sense of identity. The communities of Buckman, Brooklyn, Hosford-Abernathy, and Sellwood-Moreland offer quick downtown access over the Williamette River bridges. The more easterly areas of Sunnyside, Mt. Tabor, Richmond, and Reed are a bicycle or bus ride away from downtown.
City parks, coffee houses and pedestrian-friendly outdoor retail/entertainment districts are the main venues for free-time fun. Public schooling is provided by Portland Public Schools, a city-wide district that manages over 100 campuses. District-wide enrollment is more than 50,000 and the student-to-teacher ratio is less than 19. Greater Portland also has many options for post-high school education, including community colleges, public and private universities and vocational programs. The largest institutions in terms of enrollment are Portland State University, Portland Community College, Lewis and Clark College and the University of Portland.
Portland Real Estate Market: Price Range of Portland Southeast Houses for Sale
Southeast Portland is a homebuyer's dream come true. You will find small homes, Victorian homes, Tudors and mansions in the midst of a city that has beauty, culture and economic opportunity. More than 20 neighborhoods including Laurelhurst, Montavilla, Mt. Tabor, Sunnyside, and Hosford-Abernathy provide a large and varied selection of home choices. Prices for SE Portland houses start at $100,000 and can exceed $1.5 million. Economical choices include quaint, ranch-style homes in Brentwood/Darlington. Average prices for homes in Mt. Tabor, Eastmoreland and Hosford-Abernathy are $250,000-$350,000, while very large, custom homes in Eastmoreland and Sunnyside are priced closer to $800,000. Amenities include acreage and scenic views of city lights, mountains and the Williamette River. Southeast Portland condos and townhouses are priced from $90,000 to $1 million. The selection includes lofts, new construction and larger, three-bedroom units.
Portland Southeast Real Estate Stats and Trends for the week of March 2nd, 2015: homes priced around $657,850 compared to $595,600 the previous week, showing a increase of more than +9%. For Tuesday, March 3rd, the current national mortgage rate for a 30 year fixed mortgage is 3.92%; the 15 year fixed rate is at 3.00%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 4.06%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Portland Southeast 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 Portland Southeast to help you find the best home!