Homes For Sale & Real Estate in 97205

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United StatesOregonPortland97205

97205 Real Estate Insights

ZIP code 97205 is located in Portland, Oregon.

Those who love to eat will always have exciting dining options in ZIP code 97205 as there are great restaurants with many styles of cuisine like food stands, French and sandwiches. No matter the occasion, the nightlife here offers a great variety of options to choose from. Thanks to the efforts of local arts groups and organizations here, there is almost always an exhibit or event going on at the museums, performing arts spots and cinemas nearby. If living the active life is what you like then ZIP code 97205 has just what you need, with activities such as going to summer camps, hiking and playing at the park there is something to keep you moving. There are many shopping options in this locale, such as jewelers, luggage stores and art galleries, suggesting that there is something for every type of shopper. Many of the residents don't drive all the way to work thanks to the fact that this location has great transit and buses run late into the night. Say goodbye to the slow, boring, driving commute and get reacquainted with your bicycle because commuting by bike is quite popular in ZIP code 97205.

Your neighbors will be changing a lot at ZIP code 97205, because a lot of the homes are rental properties. A high percentage of the new residents in this locale are college-educated, making it very popular with recent graduates. There aren't many children here since many residents are unmarried but this gives this place a less hectic feel. The median income of persons living in this vicinity falls below average when compared with surrounding areas.

Given its popularity and demand, ZIP code 97205's real estate market is hot, with an average listing price of $781,344 this year; the average listing price increased 43.6 percent year-over-year. At the same time, number of homes for sale on the market increased noticeably by 25 percent. Inventory in last year hit 12 homes for sale, which extended to 15 in this year, allowing buyers a larger scope of the market in their home searches. Several of the historic estates around here are admired for their unique architecture, natural beauty, and general luxury. A handful of homes in this vicinity feature a gourmet kitchen, which will make cooking a pleasure whether or not you're at gourmet standard. You'll have no reason to miss a stunning sunset if you choose one of the homes in this vicinity that come with a balcony.