Home Buying in Portland>Question Details

Jeff, Home Buyer in Portland, OR

I am about to relocate to Portland, OR with my company - taking a new position managing the Pacific NW

Asked by Jeff, Portland, OR Sat Jan 26, 2008

states, but more focused in Portland and Seattle. Portland is an amazing city, and I've visited - unfortunately just dont know too much about individual neighborhoods, etc. I'm a 29 yr old single male (with a dog who needs some yard to run!!), and hoping someone can give advice on the neighborhoods in Portland that are best to purchase a home - in the price range of $300k. (I did find an amazing property for $299k, with mountain views per the listing in the 97217 zip code - is this a good area?) I also want to be in an area that is growing and suitable for someone about to turn 30 and still enjoy an active lifestyle. It will be my 2nd home purchase, but first primary residence purchase and I absolutely want to take advantage of the current market and rates in lieu of renting for a year until I become familiar with the area.....any help would be more than greatly appreciated as long distance decisions as important as this are quite difficult. Thanks in advance!

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Speaking purely from an affordability standpoint, North Portland, SE Portland, and NE Portland will have the most options for single-family homes in the $300K range. Median values for 2007 were $254K, $250K, and $283K respectively.

Here's a link to the city's neighborhood map so you can get to know their names: http://www.portlandonline.com/shared/cfm/image.cfm?id=60598

The City of Portland surveys the neighborhood opinions of safety and governmental oversight, then publishes results on the city website. The raw results are available at http://www.portlandonline.com/auditor/index.cfm?c=46065 .

Portland Monthly magazine publishes an annual article rating PDX neighborhoods. The tables can be found at http://portlandmonthlymag.com/documents/realestate_2007.pdf. I scanned a copy of the actual article and you can contact me for a copy.

You might consider a short-term rental, get to know the real estate values by watching listings, and spend some time hanging out in some targeted neighborhoods to find out if the vibe is right for you.
Web Reference: http://www.repdx.com
2 votes Thank Flag Link Sat Jan 26, 2008
I'm biased, but I think your best bests will be N/NE/SE inner city Portland. There are a lot of options in the under $300k range and plenty of opportunities for appreciation.
Web Reference: http://www.aimeevirnig.com
1 vote Thank Flag Link Mon Mar 3, 2008
Hi Jeff, North Portland would be a good choice for that price range. You can probably find a suitable property for less than $300K. I sold a house there this fall for $255,000 that would have been ideal for you. Younger people are moving into NoPo because of it's affordability and you would have a yard for your dog. You need to make a trip to Portland to explore your options or consider a short term rental when you get here. You are absolutely right to take advantage of the current market rates. Additionally, there is some negotiating room with many sellers in this market.
1 vote Thank Flag Link Sat Jan 26, 2008
I'm biased, as I live in 97217 - but I love North Portland! It's young and has some very hip areas, and still close to downtown for commuting, loads of parks and running trails. There are a lot of homes in great condition in the $250-$300k range, too - it's still very affordable. AND, the appreciation in NoPo is the best in the city, statistically.

Welcome, Jeff, and don't hesitate to give me a call - I love showing people around the neighborhoods.

Deb
1 vote Thank Flag Link Sat Jan 26, 2008
Hi! I highly recommend the inner SE and NE area in terms of day to day walkability and ease of access to downtown and all the city has to offer. You'll find these areas to also be very canine friendly (check out http:// http://www.luckylab.com... Great spot :) )

As for renting first - I say don't hesitate on a purchase! Not only are rates at an all time low but the inventory is high, which makes it a buyers market. The key is working with an agent that truly knows the urban neighborhoods so you feel comfortable making the purchase. (Whenever I work with someone relocating to the city I give them a tour of each area - and, because of the distinct vibe of each hood, they can pinpoint the exact place they want to be after the tour. )

Give a call! These areas are my specialty and I'd love to help...
1 vote Thank Flag Link Sat Jan 26, 2008
Hi Jeff!

Wendy Boso of John L. Scott NE Portland Here! 97217 is a great area! The close in areas inside 4 miles of the city offer many parks, dog parks, and is GROWING!! Portland's eastside is one of the few places in the country still seeing appreciation.

I'd be happy to set you up with a couple current listings and a neighborhood map of all the close in areas of Portland. Tell me what you like? What you don't like? Old vs. New? Upgraded vs. Project? Walking distance to coffee shops/parks? Schools? etc.... In Portland the good one's still move quickly but there's a lot to choose from.

Let me know what work........ then when you see something.......we can go from there...
I look forward to welcoming you home to Portland!

Wendy Boso
John L. Scott- NE/SE Portland
971.221.3387
wendyboso@johnlscott.com
0 votes Thank Flag Link Tue Apr 29, 2008
Hello Jeff,
Congrats on your new position! Portland is a very nice area. I am an agent in Central Oregon which is about 3 hrs away from Portland. However I know plenty of agents that would be willing to help you to find the perfect home in Portland. Please let me know if you would like me to refer you to a good agent in the Portland area. Good luck with your move!
Take Care,
Selena McNeill, Broker
Century 21 Gold Country Realty
Bend, OR
(541) 390-0595
selenamcneill@yahoo.com
0 votes Thank Flag Link Thu Apr 24, 2008
Hi Jeff,

I have lived in North Portland (97217) for the past 8 years, and that is also where my office is located, so I am very familiar with the area & market there. If you are still interested in learning about the neighborhood, I'd be happy to chat with you.

Take care,
Michael Pratt
michaelpratt@windermere.com
503.367.9342
0 votes Thank Flag Link Thu Apr 24, 2008
Portland is in the top ten of everything from best bike trails to retirement! Around 50% of my client base in from out of state and I am a pro at making the transition as stress free as possible. I am very knowledgable about all the neighborhoods and would be glad to talk to you in detail about each of them. In the meantime, here is a link that you may find helpful
http://www.portlandneighborhood.com/PortlandNeighborhoods.html
Please let me know if I can help.
0 votes Thank Flag Link Thu Apr 24, 2008
We can help you with your question. Please contact us directly.

Best,
Mark Palace, CEO/Founder
Palace Properties International, Inc.
http://www.PalacePropertiesOnline.com
321.773.5611
321.704.9305
0 votes Thank Flag Link Wed Apr 23, 2008
Have you considered Vancouver? Right across the bridge from Portland? We dont have any income taxes here and the property on this side is priced better. We all commute to Portland for fun etc. Great place for dogs here since we have alot of country or burbs here. Nicer areas and less CRIME>
Talk to me about it...I have relocated numerous clients here from Portland. You would only be at the worst case 20 min to PDX> Give it a try...It is awesome and better living over on this side. Lots of great buys in that price range here!! I can email any you want.
Patty Bergren
Coldwell Banker United Brokers pattysproperties@aol.com Email
pattysproperties.com
0 votes Thank Flag Link Wed Apr 23, 2008
Hello:
I am born and raised in Portland and living close to the 97217 area. I have been in the neighborhood for about 6 years (in August) and love it. The neighborhood is growing and has a really nice feel to it. A lot of young people live near by as Adidas is located on Greely 97217 and has pulled a large target market of young and hip people to the area. Almost all of Portland is dog friendly so that should not be a concern..we have tons of parks. In your price point I think the 97217 and 97203 zip is going to be your best bet and it is doing great as far as equity.
Web Reference: http://www.home-hazen.com
0 votes Thank Flag Link Wed Apr 23, 2008
Hi Jeff,

I have seen your post several times.

Are you making any progress with the assistance of any broker that knows the area?

Any plans to visit the area soon?

Does your company have a relocation package that will include a brokerage to assist your home search?

It might make best sense for you to commit to a broker relationship that you can have confidence in, maybe that's a premature statement....but I think you'll come to understand the Portland real estate market much sooner if you can identify someone that can dedicate and focus on your needs.

You can search all real estate in the Portland and surrounding metro area at:

http://www.HouseNow.com

Regards,

Chris Courtney
Chris@HouseNow.com
541-912-1405 cell
541-284-2511 office
15 years Certified Residential Appraiser experience
Web Reference: http://www.HouseNow.com
0 votes Thank Flag Link Mon Apr 14, 2008
Hey Jeff,

First things first - East or West?

How are you planning on overseeing Seattle (by phone, car, train or plane?)...
Where are you moving from and what neighborhood do you like where you are at?

Portland is pretty forgiving - you could live in Woodstock or Sellwood... Rose City, Kerns, Beaumont, Alberta... NoPo It's all good in sum. For your money and if you commute at all then East side for sure. Drop me a line if I can be of further assistance.

Cheers,

Greg
(503) 449 7173
Web Reference: http://www.503prop.com
0 votes Thank Flag Link Sat Apr 12, 2008
Hi Jeff ~

I am not certain how your progress is going here. I wanted to let you know, however, that there are many nice areas in Portland. Many of which are affordable, and beautiful.

I bleieve that you will love your relocation to this part of the country. I would enjoy the opportunity to discuss your mortgage needs with you, and also to refer you to some great contacts here in this part of the state.

Please do not hesitate to utilize my expertise having lived in SE Portland and Clackamas County for all of my life.

Best of luck to you,
Sarah Eubanks
503-442-1349
0 votes Thank Flag Link Wed Apr 2, 2008
Hi Jeff,

I know of a great property that is potentially a short sale. I appraised it at $340,000 very recently, but I think the first note is around $292,000. It's got an excellent view, huge yard for dogs, backs to undeveloped (and will remain so), and the house is about 2,300sf or so, 2 car garage. It's in the northeast area, east of Interstate 205 and on a very quiet, elevated street. It may be a fit. Otherwise, there are others....let me know if I can help you. Regards, Chris@HouseNow.com
Web Reference: http://www.HouseNow.com
0 votes Thank Flag Link Thu Mar 27, 2008
Hi Jeff, As I've mentioned to others who ask which neighborhood is "best" , Realtors (c) would be guilty of an illegal practice called 'Steering' if we were to direct you to a specific neighborhood. What I can do is to provide you with resources where you can check every neighborhood or particular address to determine whether its in an area you would consider. You can check crime statistics, location of any sex offenders, demographics, zoning information, etc from the data I provide. Please request this information and relocation packet through my web site if you desire. You can search every home in the Portland on an extensive mapping feature I provide which will show you neighborhoods right down to the house on the lot via satallite. You can search for homes and see every listing in the Portland and surrounding areas from my web site under your own private login. check it out http://www.junelizotte.com
Web Reference: http://www.junelizotte.com
0 votes Thank Flag Link Thu Mar 27, 2008
Hi Jeff, I absolutely recommend you check out

http://www.HouseNow.com

So you can search your price range and with our incorporation of Google maps see where these properties are located. I think you are best to check out the Multnomah neighborhoods for close in, easy commute location, Hawthorne for that trendy Bungalow or Craftsman with pubs & other attractions nearby, Sellwood is hip, and Hollywood up/coming...there are others...it's a vast market....I can help you understand what is where having 15 years appraisal experience, and an eye for young taste. Big lots are in Tigard, nearby water front in Lake Oswego, etc..You can reach me at Chris@HouseNow.com, or 541-912-1405. Here to help, your interests are first. Regards, Chris
Web Reference: http://www.HouseNow.com
0 votes Thank Flag Link Mon Mar 3, 2008
Hi. I'm not sure what size home you're looking for, but you'll want to stick the east side or north, as others have said. The north has been up and coming for some time now - some parts are getting nicer and a realtor should help you hone in on those. Also, I recall thinking I liked the area to the west and somewhat southwest of The Kennedy School, which is on 33rd. I believe the main street running thru the area was Alberta or maybe Fremont. Looked to be the next Hawthorne to me. I really liked living in Sellwood when I was your age, as it had good restaurants. The bar scene wasn't great. I've been absent from Portland for a year now, so maybe things have changed. It's a pretty dog-friendly city. Although, there were some dog poisonings a few years back in parks where owners had created their own dogparks. Was pretty horrible, but it did prompt the opening of more dog parks. Couple of restaurants have outdoor seating and welcome dogs: The New Old Lompoc and The Lucky Lab.

Good luck! It's a nice town.
0 votes Thank Flag Link Mon Mar 3, 2008
Thank you Ron - greatly appreciate your information - will give me a good starting point at the area while I'm doing this long distance - regarding a rental...I had originally intended to do just that, but with the market conditions and the relo package and benefits with no closing costs and rates at or below 5%, I would be much better off purchasing now than I would after a few months and financing on my own....but if I'm not comfortable after the two trips I'll take prior to the move, I more than likely will still rent. Again, much thanks for your help!
0 votes Thank Flag Link Sat Jan 26, 2008
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