According to data from the Zillow Home Value Index, Oregon’s real estate market continues to evolve with fascinating patterns emerging across its most affordable neighborhoods. You’ll find that many of Oregon’s budget-friendly areas have experienced remarkable growth over the past 15 years, with some neighborhoods nearly tripling in value despite remaining relatively affordable compared to the state’s more expensive regions.
You might be surprised to discover that Portland, despite its reputation for high housing costs, contains several of the state’s most affordable neighborhoods, including the very least expensive area in Oregon. Salem and Albany also feature prominently in this list, with multiple neighborhoods offering housing values well below the state average while showing impressive long-term appreciation that could benefit investors and first-time homebuyers alike.
When examining the data, you’ll notice a striking contrast between long-term and short-term growth trends. While most affordable neighborhoods have seen extraordinary appreciation since 2010 (averaging 117% growth), the picture since 2020 is more complex—some areas experienced continued strong growth exceeding 50%, while others (particularly in Portland) actually declined in value, presenting potential buying opportunities in previously hot markets that have cooled.
25. Sumner (Portland)
- 2025 Home Value: $384,582
- 2020 Home Value: $316,619
- 2015 Home Value: $192,850
- 2010 Home Value: $179,562
- Change from 2020 to 2025: 21.47%
- Change 2015 to 2025: 99.42%
- Change from 2010 to 2025: 114.18%
Located in Northeast Portland near the Columbia Corridor industrial area, Sumner tops our list of Oregon’s most affordable neighborhoods. You’ll find this working-class neighborhood has more than doubled in value since 2010, with substantial 114.18% growth and nearly 100% appreciation since 2015. While its recent 21.47% growth since 2020 is more moderate than some areas on our list, it still represents solid performance in a changing market.
24. Bridgeton (Portland)
- 2025 Home Value: $383,430
- 2020 Home Value: $336,435
- 2015 Home Value: $251,470
- 2010 Home Value: $263,801
- Change from 2020 to 2025: 13.97%
- Change from 2015 to 2025: 52.48%
- Change from 2010 to 2025: 45.35%
Nestled along the Columbia River in North Portland, Bridgeton offers a distinctive waterfront living experience at a surprisingly accessible price point. You’ll notice this neighborhood has followed a more moderate growth trajectory compared to many on our list, with 45.35% appreciation since 2010 and a modest 13.97% increase since 2020. The neighborhood’s unusual pattern—with values apparently declining between 2010 and 2015 before rebounding—may reflect specific local factors affecting this riverside community.
23. Four Corners (Salem)
- 2025 Home Value: $378,669
- 2020 Home Value: $261,211
- 2015 Home Value: $147,029
- 2010 Home Value: $158,146
- Change from 2020 to 2025: 44.97%
- Change from 2015 to 2025: 157.55%
- Change from 2010 to 2025: 139.44%
Centered around the bustling intersection of Lancaster Drive and Silverton Road in east Salem, Four Corners combines commercial convenience with residential affordability. You’ll find this neighborhood has experienced substantial 139.44% growth since 2010, with even stronger 157.55% appreciation since 2015 and continued momentum with 44.97% growth since 2020.
22. East Lancaster (Salem)
- 2025 Home Value: $373,104
- 2020 Home Value: $260,521
- 2015 Home Value: $147,270
- 2010 Home Value: $161,622
- Change from 2020 to 2025: 43.21%
- Change from 2015 to 2025: 153.35%
- Change from 2010 to 2025: 130.85%
Anchored by the bustling Lancaster Drive commercial corridor on Salem’s east side, East Lancaster offers a compelling mix of convenience and value. You’ll note this neighborhood has more than doubled in value since 2010, showing strong 130.85% growth despite a slight dip between 2010 and 2015. The area’s subsequent rebound has been impressive, with 153.35% growth since 2015 and continued strong 43.21% appreciation since 2020.
21. Oak (Albany)
- 2025 Home Value: $369,932
- 2020 Home Value: $244,556
- 2015 Home Value: $140,922
- 2010 Home Value: $134,733
- Change from 2020 to 2025: 51.27%
- Change from 2015 to 2025: 162.51%
- Change from 2010 to 2025: 174.57%
Named for the majestic oak trees that dot its landscape, Oak neighborhood continues the theme of extraordinary growth seen across Albany’s affordable areas. You’ll find this neighborhood has nearly tripled in value since 2010, with a remarkable 174.57% increase and sustained strong performance with 51.27% growth just since 2020. This consistent pattern across different time periods suggests fundamental demand rather than speculative volatility.
20. Central City (Gresham)
- 2025 Home Value: $366,151
- 2020 Home Value: $287,349
- 2015 Home Value: $177,614
- 2010 Home Value: $175,854
- Change from 2020 to 2025: 27.42%
- Change from 2015 to 2025: 106.15%
- Change from 2010 to 2025: 108.21%
Encompassing Gresham’s revitalized downtown core and surrounding neighborhoods, Central City represents the urban heart of Portland’s largest eastern suburb. You’ll notice this neighborhood has followed a more moderate growth trajectory, doubling in value since 2010 with 108.21% growth—substantial but less dramatic than some other areas on our list.
19. North East Salem (Salem)
- 2025 Home Value: $364,466
- 2020 Home Value: $251,773
- 2015 Home Value: $141,267
- 2010 Home Value: $153,682
- Change from 2020 to 2025: 44.76%
- Change from 2015 to 2025: 158.00%
- Change from 2010 to 2025: 137.16%
Stretching across Salem’s northeastern quadrant, this expansive neighborhood showcases the consistent growth pattern seen across most of Salem’s affordable areas. You’ll discover that North East Salem has more than doubled in value since 2010, with impressive 137.16% growth and even stronger 158% appreciation since 2015. The neighborhood’s steady upward trajectory has continued with 44.76% growth since 2020, reflecting Salem’s emerging status as a value alternative to Portland’s higher costs.
18. Sunrise (Albany)
- 2025 Home Value: $362,154
- 2020 Home Value: $241,257
- 2015 Home Value: $136,542
- 2010 Home Value: $129,097
- Change from 2020 to 2025: 50.11%
- Change from 2015 to 2025: 165.23%
- Change from 2010 to 2025: 180.53%
On the eastern side of Albany with views of the rising sun that inspired its name, Sunrise neighborhood continues Albany’s remarkable growth story. You’ll be impressed by its extraordinary 180.53% value increase since 2010, with values nearly tripling in 15 years. Even more remarkably, the neighborhood has maintained strong momentum with 50.11% growth just since 2020—one of the highest recent growth rates on our list.
17. Central Area (Salem)
- 2025 Home Value: $359,933
- 2020 Home Value: $398,438
- 2015 Home Value: $240,770
- 2010 Home Value: $321,211
- Change from 2020 to 2025: -9.66%
- Change from 2015 to 2025: 49.49%
- Change from 2010 to 2025: 12.06%
Encompassing Salem’s historic downtown core and surrounding neighborhoods, the Central Area presents a unique pattern among Salem’s affordable districts. You’ll notice this neighborhood shows the most volatility on our list, with values fluctuating significantly—declining between 2010 and 2015, then surging by 2020, before falling 9.66% in the past five years. Despite these fluctuations, the Central Area’s historic architecture, walkability, and cultural amenities continue to offer appeal, with values still showing 49.49% growth since 2015.
16. Lansing (Salem)
- 2025 Home Value: $359,621
- 2020 Home Value: $251,289
- 2015 Home Value: $135,363
- 2010 Home Value: $149,503
- Change from 2020 to 2025: 43.11%
- Change from 2015 to 2025: 165.67%
- Change from 2010 to 2025: 140.54%
Just east of Interstate 5 in north Salem, Lansing neighborhood has quietly transformed while maintaining relative affordability. You’ll see that home values here have increased by an impressive 140.54% since 2010, with even stronger 165.67% growth since 2015. The neighborhood’s consistent growth trajectory, including solid 43.11% appreciation since 2020, reflects Salem’s increasing appeal as an alternative to higher-priced Portland.
15. Northeast Neighbors (Salem)
- 2025 Home Value: $356,167
- 2020 Home Value: $254,018
- 2015 Home Value: $140,407
- 2010 Home Value: $156,103
- Change from 2020 to 2025: 40.21%
- Change from 2015 to 2025: 153.67%
- Change from 2010 to 2025: 128.16%
Anchoring the northeastern quadrant of Salem between Interstate 5 and Lancaster Drive, Northeast Neighbors demonstrates Salem’s consistent growth pattern. You’ll find this diverse residential area has more than doubled in value since 2010, posting 128.16% growth with particularly strong 153.67% appreciation since 2015. The continued strong 40.21% growth since 2020 suggests sustained demand for housing in this capital city neighborhood.
14. Broadway (Albany)
- 2025 Home Value: $355,915
- 2020 Home Value: $238,288
- 2015 Home Value: $136,855
- 2010 Home Value: $129,435
- Change from 2020 to 2025: 49.36%
- Change from 2015 to 2025: 160.07%
- Change from 2010 to 2025: 174.98%
Adjacent to downtown Albany along the historic Broadway corridor, this neighborhood continues Albany’s theme of extraordinary price appreciation while maintaining relative affordability. You’ll observe that Broadway has experienced dramatic 174.98% growth since 2010, with values more than doubling and continuing to show strength with 49.36% growth just since 2020.
13. Grant (Salem)
- 2025 Home Value: $350,119
- 2020 Home Value: $254,545
- 2015 Home Value: $139,391
- 2010 Home Value: $154,147
- Change from 2020 to 2025: 37.55%
- Change from 2015 to 2025: 151.18%
- Change from 2010 to 2025: 127.13%
Centrally located in Salem with convenient access to the downtown core, Grant neighborhood showcases the exceptional growth trajectory of Oregon’s capital city. You’ll be intrigued by its unusual pattern—after an apparent decline between 2010 and 2015, the neighborhood has rebounded dramatically with 151.18% growth since 2015 and continued strong momentum of 37.55% since 2020.
12. Northeast (Gresham)
- 2025 Home Value: $346,219
- 2020 Home Value: $265,682
- 2015 Home Value: $159,096
- 2010 Home Value: $152,841
- Change from 2020 to 2025: 30.31%
- Change from 2015 to 2025: 117.62%
- Change from 2010 to 2025: 126.52%
In the northern section of Portland’s largest eastern suburb, Northeast Gresham combines affordability with convenient access to the greater Portland metro. You’ll appreciate that this neighborhood has more than doubled in value since 2010, with a substantial 126.52% increase while maintaining solid 30.31% growth since 2020.
11. Far West (Eugene)
- 2025 Home Value: $336,817
- 2020 Home Value: $238,548
- 2015 Home Value: $153,375
- 2010 Home Value: $152,271
- Change from 2020 to 2025: 41.19%
- Change from 2015 to 2025: 119.60%
- Change from 2010 to 2025: 121.20%
On the western edge of Eugene near the Belt Line Highway, Far West offers suburban convenience with surprisingly affordable prices. You’ll find this neighborhood has more than doubled in value since 2010, with a strong 121.20% increase that accelerated to 41.19% growth just since 2020.
10. Jackson Hill (Albany)
- 2025 Home Value: $330,374
- 2020 Home Value: $219,145
- 2015 Home Value: $119,340
- 2010 Home Value: $112,654
- Change from 2020 to 2025: 50.76%
- Change from 2015 to 2025: 176.83%
- Change from 2010 to 2025: 193.26%
Rising above downtown Albany with pleasant hillside views, Jackson Hill follows closely behind its neighboring Willamette district with extraordinary growth metrics. You’ll notice this neighborhood has nearly tripled in value since 2010, posting an impressive 193.26% increase while maintaining strong recent momentum with 50.76% growth since 2020.
9. Willamette (Albany)
- 2025 Home Value: $329,795
- 2020 Home Value: $212,941
- 2015 Home Value: $118,402
- 2010 Home Value: $110,060
- Change from 2020 to 2025: 54.88%
- Change from 2015 to 2025: 178.54%
- Change from 2010 to 2025: 199.65%
Along the banks of the Willamette River in Albany, the Willamette neighborhood has achieved the most dramatic long-term growth on our list. You’ll be astonished to learn that home values here have nearly tripled since 2010, with an extraordinary 199.65% increase—the highest 15-year growth rate among all neighborhoods analyzed. Even more impressively, this growth has accelerated rather than slowed, with a remarkable 54.88% increase just since 2020.
8. Goose Hollow (Portland)
- 2025 Home Value: $328,229
- 2020 Home Value: $356,471
- 2015 Home Value: $300,316
- 2010 Home Value: $244,648
- Change from 2020 to 2025: -7.92%
- Change from 2015 to 2025: 9.29%
- Change from 2010 to 2025: 34.16%
Nestled against the West Hills adjacent to downtown Portland, Goose Hollow offers a compelling blend of historic character and urban convenience. You’ll find this neighborhood has followed a similar pattern to downtown Portland, with a 7.92% decline since 2020 bringing previously higher values back to more affordable levels. Despite this recent adjustment, the neighborhood’s long-term appreciation of 34.16% since 2010 demonstrates its enduring appeal.
7. Downtown (Portland)
- 2025 Home Value: $326,468
- 2020 Home Value: $428,004
- 2015 Home Value: $375,381
- 2010 Home Value: $289,000
- Change from 2020 to 2025: -23.72%
- Change from 2015 to 2025: -13.03%
- Change from 2010 to 2025: 12.96%
In the heart of Oregon’s largest city, Downtown Portland presents a fascinating case study of urban market shifts. You’ll observe that this neighborhood has experienced the largest value decline on our list, dropping 23.72% since 2020 after previously being one of Portland’s most expensive areas. The substantial correction has made Downtown Portland surprisingly affordable, with values now just 12.96% higher than 2010 levels.
6. Highland (Salem)
- 2025 Home Value: $326,414
- 2020 Home Value: $234,089
- 2015 Home Value: $124,476
- 2010 Home Value: $131,828
- Change from 2020 to 2025: 39.44%
- Change from 2015 to 2025: 162.23%
- Change from 2010 to 2025: 147.61%
Situated in northeast Salem near the Lancaster Drive corridor, Highland showcases Salem’s remarkable growth story with impressive numbers across all timeframes. You’ll see that this predominantly residential neighborhood has more than doubled in value since 2010, with a substantial 147.61% increase, while maintaining strong recent momentum with 39.44% growth since 2020.
5. Southeast Salem (Salem)
- 2025 Home Value: $320,077
- 2020 Home Value: $223,154
- 2015 Home Value: $114,141
- 2010 Home Value: $129,803
- Change from 2020 to 2025: 43.43%
- Change from 2015 to 2025: 180.42%
- Change from 2010 to 2025: 146.59%
On the southeastern edge of Oregon’s capital city, Southeast Salem stands out with extraordinary growth metrics across all timeframes. You’ll find this neighborhood has experienced a staggering 180.42% increase in home values since 2015—the highest 10-year growth rate among all neighborhoods in this list. The area’s remarkable rise from average values below $115,000 in 2015 to over $320,000 today demonstrates Salem’s increasing draw as an alternative to Portland’s higher costs, while still maintaining relative affordability. With continued strong 43.43% growth even since 2020, Southeast Salem appears positioned for continued appreciation.
4. Trainsong (Eugene)
- 2025 Home Value: $311,751
- 2020 Home Value: $212,977
- 2015 Home Value: $126,673
- 2010 Home Value: $129,391
- Change from 2020 to 2025: 46.38%
- Change from 2015 to 2025: 146.11%
- Change from 2010 to 2025: 140.94%
Just northwest of downtown Eugene near the railroad tracks that gave the neighborhood its name, Trainsong has emerged as one of Oregon’s strongest growth stories. You’ll be impressed by its remarkable 140.94% value increase since 2010 and even more substantial 46.38% growth just since 2020.
3. Hayden Island (Portland)
- 2025 Home Value: $302,328
- 2020 Home Value: $283,194
- 2015 Home Value: $207,409
- 2010 Home Value: $219,251
- Change from 2020 to 2025: 6.76%
- Change from 2015 to 2025: 45.76%
- Change from 2010 to 2025: 37.89%
Surrounded by the Columbia River just north of Portland proper, Hayden Island offers a unique island living experience at surprisingly affordable prices. You’ll notice this neighborhood has seen moderate but steady growth, with a 6.76% increase since 2020 and 45.76% since 2015.
2. Tunison (Corvallis)
- 2025 Home Value: $256,628
- 2020 Home Value: $182,858
- 2015 Home Value: Data not available
- 2010 Home Value: Data not available
- Change from 2020 to 2025: 40.34%
- Change from 2015 to 2025: Data not available
- Change from 2010 to 2025: Data not available
Nestled in the college town of Corvallis, Tunison offers remarkable value with proximity to Oregon State University. You’ll appreciate that this neighborhood has experienced substantial 40.34% growth since 2020, making it one of the fastest-appreciating affordable areas in recent years. Though historical data before 2020 isn’t available for comparison, Tunison’s current trajectory shows strong demand, likely fueled by the combination of university presence, relatively affordable housing stock, and Corvallis’s reputation for quality of life and educational opportunities.
1. Old Town-Chinatown (Portland)
- 2025 Home Value: $240,642
- 2020 Home Value: $267,830
- 2015 Home Value: $220,844
- 2010 Home Value: $171,282
- Change from 2020 to 2025: -10.15%
- Change from 2015 to 2025: 8.96%
- Change from 2010 to 2025: 40.50%
Located in the heart of downtown Portland where the iconic Chinatown Gateway stands, Old Town-Chinatown represents Oregon’s most affordable neighborhood. You’ll find this historic district has actually decreased in value by 10.15% since 2020, bucking the trend of most affordable areas. While maintaining modest 40.50% growth since 2010, the neighborhood has struggled recently as downtown Portland faces challenges with commercial vacancy and changing urban dynamics, though this creates potential buying opportunities in a centrally located area with rich cultural heritage and excellent transit connectivity.
