Portland is a highly populated city located in the state of Oregon. The city has a population of 620,589 inhabitants. With a population density of 4,650 people per square mile, Portland is well above the nation's average density level. If we take a look at the last Census, the vast majority of the population falls within one racial group (78% White). Given that fact, Portland could be considered less diverse than other cities. If you are looking for a family friendly city, Portland might be a good fit as 74% of the population over 15 years old are married, and 59% have kids who are 18 years old or younger.
If you’re considering moving to any new city, it could be a very intimidating task. However, it could also be a great experience if you are willing to get to know the town before actually living in Portland, Oregon. With useful information like amenities, cost of living, education, employment and other key data points, finding the best places to live in Portland and in the areas around Portland is a much easier task.
Portland, OR receives 67/100 for its livability score; this results in a ranking of #161 in Oregon and #15,247 in the USA. If we check out each of the categories on their own, we see that Portland ranks well for amenities (A+). There is at least one category that does not have great scores in Portland. The following was graded with a discouraging score: crime (F) and cost of living (F).
Location, location, location - possibly the three most important words in your search for a new place to live. Fortunately, in Portland, there is no shortage of amazing local amenities and interesting things to do. Some of the notable things to do include: Portland Japanese Garden, Portland Walking Tours, and International Rose Test Garden.
Assuming that Portland meets all of your requirements, the next most important item to examine is the affordability of real estate in Portland. Everything else becomes a lot less important if it turns out that home prices in Portland are simply unattainable. Median real estate prices in Portland come in at $319,400, which is 29.2% higher than the Oregon average. The home price to income ratio compares the median home prices to the median household income. In Portland, the home price to income ratio is 5.5, which is 19.6% higher than the Oregon average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Portland area were 0.8% and 5 year appreciation rates were 11.1%.
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