You might also like SW Portland, which would give you a little more of a commute, but not much. Homes around Stephenson Elementary, Hillsdale, Multnomah attend Wilson High School.
Lake Oswego is a suburb that would come with some of the best schools in Oregon and about a 20-25 minute commute to Lloyd Center. I have a good friend that does this every day and it is not too bad.
There are many other options and all depend on how far you are willing to drive and what kinds of amenities you want in the home you are purchasing. We are pretty good at helping to sort this all out and have many resources for folks relocating to the area. http://www.greatschools.com is an excellent resource for comparing the High Schools. Call if you need help.
Email me if you have more questions.
Lloyd Center is in Northeast Portland. Northeast Portland is a vibrant area of town which your daughter may love and it just so happens that one of the best high schools in town is also in NE Portland -- Grant High. There are houses available under the $350,000 mark in the Grant area, but frankly, not too many. One neighborhood that has at least one right now is Laurelhurst which is a residential area just south of both Grant and Lloyd Center that has well kept homes on winding streets.
Most lots in Portland are 50 x 100 -- 5,000 square feet. There's room for pets, but unless you head out to the suburbs you will find few homes with acreage.
If you'd like me to send you some homes that meet your criteria, just let me know.
Best of luck to you and your family!
Tomas Navarro - Principal Real Estate Broker
Keller Williams Realty
Mandy Lewis and Jennifer Peterson