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Real Estate Prices & Overview

Multnomah median real estate price is $755,891, which is more expensive than 81.9% of the neighborhoods in Oregon and 82.1% of the neighborhoods in the U.S.

The average rental price in Multnomah is currently $2,547, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.1% of the neighborhoods in Oregon.

Multnomah is an urban neighborhood (based on population density) located in Portland, Oregon.

Multnomah real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Multnomah neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Multnomah are 5.0%, which is lower than one will find in 66.4% of American neighborhoods. Demand for real estate in Multnomah is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Portland, the Multnomah neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (12.6% ride the bus) than 96.3% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Diversity

Did you know that the Multnomah neighborhood has more Ukrainian and Belgian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Ukrainian ancestry and 0.6% have Belgian ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Multnomah neighborhood in Portland are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.6% of the neighborhoods in America. With 10.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.1% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Multnomah neighborhood, 60.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 17.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (13.8%), and 7.3% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Multnomah neighborhood is English, spoken by 88.6% of households. Other important languages spoken here include Italian and Spanish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Multnomah neighborhood in Portland, OR, residents most commonly identify their ethnicity or ancestry as German (18.0%). There are also a number of people of English ancestry (12.2%), and residents who report Mexican roots (11.9%), and some of the residents are also of Irish ancestry (10.0%), along with some Asian ancestry residents (4.5%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Multnomah neighborhood spend between 15 and 30 minutes commuting one-way to work (46.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (65.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (12.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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