Real Estate News

Market Snapshot: 97266 SE Portland

Market Snapshot: 97266 SE Portland

This week we take a closer look at the zip code of 97266 in Southeast Portland. This area covers parts of the Powellhurst-Gilbert and Pleasant Valley neighborhoods as well as all of Lents. Located in outer Southeast Portland, this area has seen rapid price growth in recent years - the Median Home Price increased by nearly a third from 2016 to today. As closer-in neighborhoods have become unaffordable for many, the less expensive neighborhoods of outer east Portland (and the surrounding suburbs) have become more desirable, especially for first-time home buyers. Read More

Legislation Drafted to End Single-Family Zoning in Oregon

Legislation Drafted to End Single-Family Zoning in Oregon

Oregon House speaker, Rep. Tina Kotek (D-Portland) is drafting legislation that would signal the end of single-family zoning across the state in cities with a population of 10,000 or more. This means that property owners would be allowed to build additional units or buildings on a property that is currently zoned for a single home. Read More