I’ve analyzed Oregon’s premium real estate market using data from the Zillow Home Value Index, revealing extraordinary patterns in neighborhood appreciation across the state’s most coveted areas. The data paints a fascinating picture of where luxury home dollars have flowed over the past fifteen years.
What stands out immediately is the dominance of Lake Oswego, claiming 12 of the top 25 spots, while Bend’s neighborhoods show the most dramatic percentage growth, with Summit West achieving a staggering 214.3% increase since 2010. Even more remarkable, every neighborhood in this exclusive list now boasts average home values exceeding $900,000.
Looking at appreciation patterns, coastal properties and Bend neighborhoods have significantly outperformed Portland’s established luxury enclaves, suggesting a shift toward lifestyle-oriented locations with natural amenities rather than urban proximity.
25. Northwest Heights
- 2025 Home Value: $913,633
- 2020 Home Value: $679,309
- 2015 Home Value: $587,351
- 2010 Home Value: $517,390
- % Change (2010–2025): 76.6%
- % Change (2015–2025): 55.6%
- % Change (2020–2025): 34.5%
Northwest Heights’ investment profile shows remarkable resilience, nearly doubling homeowners’ equity in 15 years while maintaining steady 6-7% annualized returns during recent market volatility. The neighborhood’s position as Portland’s western gateway provides both forest views and quick access to the tech corridor, making it particularly attractive to Intel and Nike executives seeking proximity to work.
24. Arlington Heights
- 2025 Home Value: $939,241
- 2020 Home Value: $756,705
- 2015 Home Value: $643,092
- 2010 Home Value: $583,521
- % Change (2010–2025): 61.0%
- % Change (2015–2025): 46.1%
- % Change (2020–2025): 24.1%
Arlington Heights’ financial trajectory reveals the premium commanded by established neighborhoods, with its 61% appreciation representing over $355,000 in wealth creation since 2010, despite slower growth than newer luxury markets. Nestled against Portland’s iconic Washington Park, this historic enclave offers sweeping city views and walkable access to the Rose Garden and Japanese Garden, explaining its enduring appeal to old-money Portland families.
23. Savanna Oaks
- 2025 Home Value: $947,279
- 2020 Home Value: $662,450
- 2015 Home Value: $529,353
- 2010 Home Value: $485,629
- % Change (2010–2025): 95.1%
- % Change (2015–2025): 79.0%
- % Change (2020–2025): 43.0%
Savanna Oaks demonstrates exceptional investment potential with its near-doubling in value since 2010, consistently outperforming regional averages and accelerating to 43% growth in just the last five years. The neighborhood sits on West Linn’s elevated southern ridge, where large estate properties nestle among protected oak groves just minutes from the Willamette River, offering both natural seclusion and quick access to Portland’s urban amenities.
22. Lakewood
- 2025 Home Value: $986,070
- 2020 Home Value: $641,823
- 2015 Home Value: $497,091
- 2010 Home Value: $459,584
- % Change (2010–2025): 114.6%
- % Change (2015–2025): 98.4%
- % Change (2020–2025): 53.6%
Lakewood’s remarkable 114.6% appreciation represents over $526,000 in wealth creation for homeowners who purchased in 2010, with the neighborhood posting particularly impressive 53.6% growth through the pandemic era. Located in the heart of Lake Oswego, this prestigious community surrounds the private Lake Grove Swim Park and features a mix of mid-century modern homes and newer luxury constructions, all within walking distance to boutique shopping and dining.
21. Tolovana Park
- 2025 Home Value: $990,537
- 2020 Home Value: $570,726
- 2015 Home Value: $450,293
- 2010 Home Value: $486,525
- % Change (2010–2025): 103.6%
- % Change (2015–2025): 120.0%
- % Change (2020–2025): 73.6%
Tolovana Park’s extraordinary 120% ten-year appreciation rate and 73.6% surge since 2020 reflects the coastal premium that emerged during the remote work revolution, with values more than doubling from their 2010 levels. This oceanfront community sits at the southern end of Cannon Beach, where its iconic Haystack Rock views and private beach access combine with proximity to the town’s art galleries and restaurants to make it one of Oregon’s most coveted second-home destinations.
20. Lake Grove
- 2025 Home Value: $993,444
- 2020 Home Value: $677,251
- 2015 Home Value: $505,629
- 2010 Home Value: $447,877
- % Change (2010–2025): 121.8%
- % Change (2015–2025): 96.5%
- % Change (2020–2025): 46.7%
Lake Grove exemplifies exceptional investment performance with its 121.8% fifteen-year appreciation, translating to an average annual return of 8.1% and over $545,000 in wealth creation for 2010 buyers. Situated on Lake Oswego’s western edge, this community blends lakeside recreation with walkable urban amenities centered around the recently revitalized Boones Ferry corridor, offering residents both natural beauty and metropolitan convenience.
19. Southwest Hills
- 2025 Home Value: $1,000,974
- 2020 Home Value: $817,262
- 2015 Home Value: $706,196
- 2010 Home Value: $633,218
- % Change (2010–2025): 58.1%
- % Change (2015–2025): 41.7%
- % Change (2020–2025): 22.5%
Southwest Hills represents Portland’s first million-dollar neighborhood on our list, though its relatively modest 58.1% appreciation since 2010 signals the shifting preference away from urban luxury toward suburban and recreational destinations. Perched above downtown Portland, this prestigious neighborhood offers panoramic city and mountain views alongside easy access to Oregon Health & Science University, making it particularly attractive to medical professionals and downtown executives.
18. Hillside
- 2025 Home Value: $1,013,476
- 2020 Home Value: $868,979
- 2015 Home Value: $757,825
- 2010 Home Value: $654,382
- % Change (2010–2025): 54.9%
- % Change (2015–2025): 33.7%
- % Change (2020–2025): 16.6%
Hillside’s investment metrics reveal the slowest appreciation among our top 25, with just 16.6% growth since 2020 and 54.9% since 2010, suggesting this established Portland neighborhood has reached relative market maturity. Located in Northwest Portland’s prestigious West Hills, this enclave features architectural landmark homes on large, wooded lots just minutes from downtown, where many of Portland’s oldest and wealthiest families have resided for generations.
17. Palisades
- 2025 Home Value: $1,027,226
- 2020 Home Value: $702,569
- 2015 Home Value: $556,373
- 2010 Home Value: $565,318
- % Change (2010–2025): 81.7%
- % Change (2015–2025): 84.6%
- % Change (2020–2025): 46.2%
Palisades demonstrates remarkable resilience with its 84.6% ten-year appreciation, generating over $470,000 in homeowner equity while consistently outperforming broader market indexes across each measured timeframe. This exclusive Lake Oswego neighborhood occupies the southwestern shore of the lake, where its combination of water access, excellent schools, and large estate properties on winding, wooded streets create one of the region’s most sought-after luxury enclaves.
16. Childs
- 2025 Home Value: $1,034,807
- 2020 Home Value: $726,487
- 2015 Home Value: $568,042
- 2010 Home Value: $591,370
- % Change (2010–2025): 75.0%
- % Change (2015–2025): 82.2%
- % Change (2020–2025): 42.4%
Childs presents an intriguing investment case with its apparent value dip from 2010-2015 followed by exceptional 82.2% growth over the subsequent decade, ultimately yielding a solid 75% fifteen-year return. Located in southern Lake Oswego, this prestigious neighborhood features expansive lots with custom homes set against the backdrop of protected forest lands, offering residents both privacy and easy access to Interstate 5 for commuting professionals.
15. Westridge
- 2025 Home Value: $1,048,293
- 2020 Home Value: $697,035
- 2015 Home Value: $550,226
- 2010 Home Value: $552,953
- % Change (2010–2025): 89.6%
- % Change (2015–2025): 90.5%
- % Change (2020–2025): 50.4%
Westridge exhibits extraordinary financial performance with its 90.5% ten-year appreciation rate and impressive 50.4% five-year growth, nearly doubling homeowner equity while consistently outperforming broader market metrics. This exclusive Lake Oswego neighborhood occupies the southwestern heights of the city, where its elevated position offers sweeping views of Mount Hood and the Cascade Range while remaining just minutes from the city’s renowned schools and downtown amenities.
14. Century West
- 2025 Home Value: $1,073,887
- 2020 Home Value: $689,216
- 2015 Home Value: $506,774
- 2010 Home Value: $385,381
- % Change (2010–2025): 178.7%
- % Change (2015–2025): 111.9%
- % Change (2020–2025): 55.8%
Century West represents Oregon’s most phenomenal long-term investment opportunity, with its staggering 178.7% fifteen-year appreciation delivering nearly $690,000 in wealth creation while maintaining strong 55.8% growth even through recent market volatility. Located in Bend’s prestigious westside, this neighborhood borders both the Deschutes National Forest and world-class mountain biking trails, offering luxury mountain living with easy access to Bend’s vibrant downtown and outdoor recreation.
13. Holly Orchard
- 2025 Home Value: $1,105,287
- 2020 Home Value: $727,963
- 2015 Home Value: $585,550
- 2010 Home Value: $533,376
- % Change (2010–2025): 107.2%
- % Change (2015–2025): 88.8%
- % Change (2020–2025): 51.8%
Holly Orchard’s exceptional 107.2% fifteen-year appreciation delivered over $570,000 in wealth creation, while its impressive 51.8% five-year growth demonstrates continued momentum even through changing market conditions. This Lake Oswego neighborhood is renowned for its mature landscaping and classic Pacific Northwest architecture, situated between Lake Oswego’s downtown shopping district and the prestigious Oswego Lake Country Club for an ideal balance of urban amenities and recreational opportunities.
12. Westlake
- 2025 Home Value: $1,106,208
- 2020 Home Value: $757,776
- 2015 Home Value: $607,437
- 2010 Home Value: $537,652
- % Change (2010–2025): 105.7%
- % Change (2015–2025): 82.1%
- % Change (2020–2025): 46.0%
Westlake demonstrates exceptional wealth-building potential with its 105.7% appreciation since 2010, effectively doubling homeowner investment while maintaining strong 46% growth during the post-pandemic market volatility. This premier Lake Oswego community is built around Westlake Park and Westlake Creek, where its family-friendly amenities include tennis courts, walking paths, and one of the region’s top-rated school districts just minutes from Kruse Way’s corporate campuses.
11. Evergreen
- 2025 Home Value: $1,108,426
- 2020 Home Value: $775,170
- 2015 Home Value: $591,235
- 2010 Home Value: $548,300
- % Change (2010–2025): 102.2%
- % Change (2015–2025): 87.5%
- % Change (2020–2025): 43.0%
Evergreen’s financial metrics showcase robust 102.2% value appreciation since 2010, translating to over $560,000 in created wealth while maintaining impressive 43% growth even through recent market cooling. Located in western Lake Oswego near the Stafford rural reserves, this neighborhood offers larger estate properties on wooded lots, combining countryside tranquility with quick access to shopping and dining in the Lake Grove district.
10. Summit West
- 2025 Home Value: $1,110,604
- 2020 Home Value: $699,398
- 2015 Home Value: $494,776
- 2010 Home Value: $353,412
- % Change (2010–2025): 214.3%
- % Change (2015–2025): 124.5%
- % Change (2020–2025): 58.8%
Summit West boasts Oregon’s most remarkable investment performance with its extraordinary 214.3% fifteen-year value surge, representing over $757,000 in wealth creation and annualized returns exceeding 14% for long-term homeowners. This sought-after Bend neighborhood borders the Deschutes National Forest near Mt. Bachelor, where luxury homes on larger lots offer direct trail access and mountain views just minutes from downtown Bend’s breweries and restaurants.
9. Uplands
- 2025 Home Value: $1,161,451
- 2020 Home Value: $759,552
- 2015 Home Value: $593,727
- 2010 Home Value: $529,056
- % Change (2010–2025): 119.5%
- % Change (2015–2025): 95.6%
- % Change (2020–2025): 52.9%
Uplands delivers exceptional investment value with its impressive 119.5% fifteen-year appreciation, translating to over $632,000 in wealth creation while maintaining strong 52.9% growth even through recent market fluctuations. Situated on Lake Oswego’s southwestern ridge, this premier neighborhood features larger estate properties on private lots with sweeping mountain views, combining natural beauty with easy access to both Lake Oswego and West Linn amenities.
8. First Addition-Forest Hills
- 2025 Home Value: $1,167,557
- 2020 Home Value: $798,166
- 2015 Home Value: $603,138
- 2010 Home Value: $520,187
- % Change (2010–2025): 124.4%
- % Change (2015–2025): 93.6%
- % Change (2020–2025): 46.3%
First Addition-Forest Hills demonstrates remarkable financial performance with its 124.4% fifteen-year appreciation delivering over $647,000 in homeowner equity gains and consistent growth across every measured timeframe. This historic Lake Oswego neighborhood combines walkable charm with architectural pedigree, where its tree-lined streets of Craftsman and Tudor homes sit just blocks from downtown Lake Oswego’s boutique shopping and dining while enjoying premium access to the lake’s exclusive amenities.
7. Awbrey Butte
- 2025 Home Value: $1,187,715
- 2020 Home Value: $763,672
- 2015 Home Value: $580,547
- 2010 Home Value: $456,578
- % Change (2010–2025): 160.1%
- % Change (2015–2025): 104.6%
- % Change (2020–2025): 55.5%
Awbrey Butte exemplifies Bend’s extraordinary real estate trajectory with its remarkable 160.1% fifteen-year appreciation, translating to over $731,000 in homeowner equity gains and consistently strong performance across all measured periods. Perched on an extinct volcano overlooking downtown Bend, this prestigious neighborhood offers sweeping Cascade Mountain views and larger estate properties on elevated lots with environmental covenants preserving both the natural landscape and investment values.
6. Forest Highlands
- 2025 Home Value: $1,234,432
- 2020 Home Value: $846,487
- 2015 Home Value: $638,657
- 2010 Home Value: $576,065
- % Change (2010–2025): 114.3%
- % Change (2015–2025): 93.3%
- % Change (2020–2025): 45.8%
Forest Highlands demonstrates exceptional wealth-building potential with its 114.3% fifteen-year appreciation, generating over $658,000 in homeowner equity while maintaining strong 45.8% growth even through recent market volatility. This exclusive Lake Oswego neighborhood borders the Tryon Creek State Natural Area, where its large estate properties on secluded, wooded lots offer both natural privacy and convenient access to downtown Portland just minutes away.
5. Glenmorrie
- 2025 Home Value: $1,295,024
- 2020 Home Value: $851,908
- 2015 Home Value: $653,459
- 2010 Home Value: $625,878
- % Change (2010–2025): 106.9%
- % Change (2015–2025): 98.2%
- % Change (2020–2025): 52.0%
Glenmorrie’s impressive 106.9% fifteen-year appreciation has delivered over $669,000 in homeowner wealth creation, with its 52% five-year growth demonstrating continued strong momentum despite broader market challenges. This prestigious Lake Oswego community sits along the Willamette River between Lake Oswego and West Linn, where its larger riverfront estates and elevated view properties enjoy both privacy and convenient access to the region’s major commuter routes.
4. Blue Heron
- 2025 Home Value: $1,389,251
- 2020 Home Value: $917,547
- 2015 Home Value: $711,617
- 2010 Home Value: $667,409
- % Change (2010–2025): 108.2%
- % Change (2015–2025): 95.2%
- % Change (2020–2025): 51.4%
Blue Heron’s exceptional 108.2% fifteen-year appreciation has generated over $721,000 in homeowner equity, with its consistent growth outperforming regional averages across every measured timeframe. This exclusive Lake Oswego neighborhood sits on the southeastern shore of Oswego Lake, where its mix of waterfront estates and elevated view properties enjoy private dock access and stunning views of both the lake and Mt. Hood, all just minutes from downtown Lake Oswego’s amenities.
3. Lakeview-Summit
- 2025 Home Value: $1,591,312
- 2020 Home Value: $1,100,384
- 2015 Home Value: $919,454
- 2010 Home Value: $848,507
- % Change (2010–2025): 87.5%
- % Change (2015–2025): 73.1%
- % Change (2020–2025): 44.6%
Lakeview-Summit’s impressive 87.5% fifteen-year appreciation represents over $742,000 in created wealth, with its starting point as Oregon’s most valuable neighborhood in 2010 highlighting its enduring premium status. This elite Lake Oswego enclave occupies the northern shore of Oswego Lake, where its mix of historic estates and modern architectural masterpieces enjoy expansive lake frontage and commanding views, creating Oregon’s original millionaire’s row just 15 minutes from downtown Portland.
2. Birdshill
- 2025 Home Value: $1,757,015
- 2020 Home Value: $1,234,458
- 2015 Home Value: $928,557
- 2010 Home Value: $845,502
- % Change (2010–2025): 107.8%
- % Change (2015–2025): 89.2%
- % Change (2020–2025): 42.3%
Birdshill demonstrates exceptional investment performance with its 107.8% fifteen-year appreciation generating over $911,000 in homeowner wealth creation, despite slightly trailing market growth rates in the last five years. This exclusive enclave straddles the Lake Oswego-Portland border along the Willamette River, where its secluded estate properties on large lots offer both riverfront access and convenient proximity to downtown Portland, combining natural beauty with metropolitan convenience.
1. North Shore Country Club
- 2025 Home Value: $2,077,252
- 2020 Home Value: $1,333,881
- 2015 Home Value: $1,063,135
- 2010 Home Value: $988,633
- % Change (2010–2025): 110.1%
- % Change (2015–2025): 95.4%
- % Change (2020–2025): 55.7%
North Shore Country Club commands Oregon’s highest property values with its exceptional $2,077,252 average home price, generating over $1.08 million in homeowner wealth since 2010 while consistently outperforming broader market indices. This ultra-exclusive Lake Oswego peninsula extends into Oswego Lake’s northern waters, where its luxury waterfront estates feature private docks, tennis courts, and manicured grounds within a gated community just minutes from Portland’s urban amenities.
