Alberta Arts District, Portland, OR—97211
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alberta Arts District, Portland, OR
As of Oct '25, the median home price in Alberta Arts District, Portland, OR is $552,000, with a year-over-year change of -1.7%. This indicates that home prices in Alberta Arts District, Portland, OR are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $552,000 | -1.7% |
| Single Family | $559,000 | -1.8% |
| Condos | $335,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $366,000 | -5.4% |
2 Bed | $472,000 | -1.9% |
3 Bed | $573,000 | -1.7% |
4 Bed | $665,000 | -1.6% |
| 5 Bed | $747,000 | -1.5% |
% of Housing Stock
Rental Trends — Alberta Arts District, Portland, OR
As of July '25, Rentcast reports the average rent in Alberta Arts District, Portland, OR is $2,200, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Alberta Arts District, Portland, OR is studios: $1,170, 1-bedrooms: $1,490, 2-bedrooms: $2,180, 3-bedrooms: $3,110, 4-bedrooms: $3,030. The most common rental property sizes in Alberta Arts District, Portland, OR are 2-bedroom and 1-bedroom, accounting for 34.9% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,040 | $2,200 |
| Studio Rent | $1,200 | $1,170 |
| 1 Bed Rent | $1,460 | $1,490 |
| 2 Bed Rent | $2,150 | $2,180 |
| 3 Bed Rent | $3,000 | $3,110 |
| 4 Bed Rent | $3,200 | $3,030 |
% of Rental Stock
Property Listings — Alberta Arts District, Portland, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Alberta Arts District, Portland, OR is 71. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $528,000 | -1.0% |
Listing Count | 123 | 10.0% |
| Listings as % of Homes | 0.6% | 10.0% |
Days on Market | 71 | 16.0% |
Demographics — Alberta Arts District, Portland, OR
As of the latest ACS Survey released in 2023, Alberta Arts District, Portland, OR has a population of 33,700, which has decreased by -3.6% over the past 5 years. Alberta Arts District, Portland, OR is a moderately popular place for families, as children make up 17.1% of the population. The area has a highly educated workforce, with 56.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,700 | -3.6% |
% Under 18 | 17.1% | 3.6% |
% Seniors | 11.7% | 23.2% |
% WFH | 32.2% | 242.6% |
% w/ College Degree | 56.4% | 2.2% |
As of the latest ACS Survey released in 2023, Alberta Arts District, Portland, OR is a predominantly white area, with 67.9% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Alberta Arts District, Portland, OR is black, making up 10.1% of the population. Foreign-born residents account for 7.4% of the population in Alberta Arts District, Portland, OR, and this percentage has decreased by 7.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.9% | 0.1% |
% Black | 10.1% | -37.7% |
% Hispanic | 9.4% | 38.2% |
% Asian | 4.4% | -4.3% |
% Foreign Born | 7.4% | -7.5% |
Mortgage and Risk — Alberta Arts District, Portland, OR
According to HUD data as of 2023, there were 595 mortgage originations in Alberta Arts District, Portland, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Alberta Arts District, Portland, OR. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 595 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Alberta Arts District, Portland, OR
As of 2024, the percent of homes in Alberta Arts District, Portland, OR under the Section 8 program is 8.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Alberta Arts District, Portland, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 533 |
Total Units Section 8 | 476 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 85.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $1,460 | $2,090 |
| 2 Bedroom | $240 | $2,150 | $2,390 |
| 3 Bedroom | $280 | $3,000 | $3,280 |
| 4 Bedroom | $650 | $3,200 | $3,850 |
Affordability — Alberta Arts District, Portland, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $552,000 |
| Median Household Income | $110,000 |