Portland is a fantastic city known for its unique culture and outdoor recreation. From the Sprawling Washington Park to Powell City Books and the Portland Art Museum, there's no shortage of fun things to keep residents entertained in the richest neighborhoods in Portland.
With a median household income of $88,792 and a median home price of $555,250, Portland is one of the wealthier large cities in the US. However, like any major city, it has its wealthy pockets and its lower income areas.
Portland's richest neighborhoods are known for their quality schools, luxury homes, and lush greenery. Home shoppers can find everything from grand estates to modern luxury developments with upscale amenities. Although it's also important to make the distinction between rich and wealthy.
Rich often refers to anyone with a high income, whereas wealthy typically refers to those with long-term financial security and substantial assets on top of a high income. Whichever category you fall into, the richest neighborhoods in Portland offer exciting attractions and a high quality of life.
Before you can find the perfect place to settle down, you need to know where to find the top affluent neighborhoods in the city. For the purposes of this list, we're only covering Portland neighborhoods within the city limits, not the suburbs or nearby communities within the metro area. So if you're looking to move to City of Roses, here is a list of wealthy neighborhoods in Portland.
1. Southwest Hills | One of The Richest Neighborhoods in Portland With Easy Access to Top Attractions
Occupying the area just southwest of downtown and Portland Heights, Southwest Hills has a reputation for being one of richest neighborhoods in Portland. It's known for its upscale living, suburban atmosphere, and close proximity to Washington Park, the home of popular attractions like the Portland Japanese Garden and the Oregon Zoo.
It's a great neighborhood for young professionals and families looking for one of the richest neighborhoods in Portland, with a quiet atmosphere and easy access to outdoor recreation. It has a reputation as an expensive neighborhood with a median household income of $148,900 and a median home price of $899,000, making it a popular community for some of the city's most affluent residents. It's also centrally located along US 26 with direct access to downtown Portland for adventure and nightlife.
2. Northwest Heights | An Affluent Portland Neighborhood With Multiple Parks and a Prestigious Reputation
Northwest Heights also ranks highly on the list of the richest neighborhoods in Portland. Situated in Northwest Portland's West Hills, Northwest Heights is a picturesque community known for its natural beauty and peaceful ambiance.
It's nestled against the 5,000-acre Forest Park, making it one of the best neighborhoods in Portland OR if you like to go hiking, biking, or bird watching. The neighborhood is also full of charming streets and smaller green spaces like Forest Heights City Park and Mill Pond Park. With a median household income of $139,800 and a median home price of $842,000, it ranks among Portland's richest neighborhoods.
Home shoppers will find a range of architectural styles to choose from, including Craftsman-style bungalows, Tudor revivals, and charming Mid-Century modern homes. Beyond its upscale real estate market and luxury living, it features a tight-knit community and prestigious reputation as one of the best neighborhoods in Portland Oregon.
3. Hillsdale | A Rich Portland Neighborhood With Good Schools and Shopping Options
Hillsdale is another one of the wealthiest neighborhoods in Portland. It centers around the bustling Hillsdale retail and business area, a series of shopping outlets along SW Sunset and SW Bertha Boulevard.
Hillsdale is home to several recurring events and notable attractions, including a farmers market, the historic Hillsdale library, and McMenamins Hillsdale Brewery, Oregon's first brewpub. It's a peaceful family oriented community known for being one of the richest neighborhoods in Portland. It features a median household income of $102,100 and a median home price of $887,000.
It's also home to Ida B Wells Barnett High School, Rieke Elementary School, and Robert Grey Middle School, which rank among the top schools in the Portland Public School System.
4. Ashcreek | A Quaint Residential Neighborhood With Scandinavian Influences
Ashcreek is a charming community in the southwestern quadrant of the city that also ranks among Portland's richest neighborhoods. Like many of the richest neighborhoods in Portland Oregon, Ash Creek is known for its peaceful, forested setting and numerous walking trails.
It's a peaceful, residential community with walkable, tree-lined streets and a family-oriented atmosphere. Ashcreek is also notable for its Scandinavian influences, especially the area around Nordia House, a Nordic cultural center and community hub for Scandinavians in the Pacific Northwest. Although not known for its luxury estates or upscale shopping options, Ashcreek's laid-back atmosphere makes it a popular destination for upper-middle-class families and one of the richest neighborhoods in Portland.
It features a median household income of $87,000 and a median home price of $604,000. It's also in a very central location just a quick drive to downtown Portland, Lake Oswego, and Tryon Creek State Park.
5. Irvington | A Classic American Neighborhood Listed on the National Register of Historic Places
Situated in the northeastern section of the city, Irvington is also one of Portland's best neighborhoods for wealthy residents. It's home to Irvington Park, a grassy area with sports courts and walking trails that was once owned by William Irving, the neighborhood's namesake and a former steamship captain.
The community itself occupies a rectangular area between NE 7th Ave and NE 26th Ave, between NE Fremont and NE Broadway. It's a quintessential American neighborhood with historic homes, well-maintained lawns, and treelined streets. It was initially developed as a streetcar suburb that's grown into one of the richest neighborhoods in Portland, known for its collection of Queen Anne, Craftsman Bungalow, and period-revival style cottages.
In 2010, it was added to the National Register of Historic Places as the Irvington Historic District. Today, it's still known for being one of the richest neighborhoods in Portland, with a median household income of $86,900 and a median home price of $908,510.
6. Corbett-Terwillinger-Lair Hill | A Unique Portland Neighborhood With Waterfront Views and Historic Charm
The Corbet-Terwillinger-Lair Hill neighborhood is also one of the richest neighborhoods in Portland Oregon. Also known as South Portland, the CTLH neighborhood is made up of several smaller communities that merged following the development of the South Waterfront.
It's a small, slender neighborhood that runs along the waterfront and features restored 19th-century homes, walking paths, and a dog park. The historic neighborhoods of Corbett, Terwillinger, and Lair Hill each feature their own unique vibe and characteristics. Lair Hill is famous for its Victorian-era cottages and bungalows.
Corbett offers access to downtown and the South waterfront via the Gibbs Street Bridge, and Terwillinger is known for its lush, wooded terrain and beautiful homes on the Willamette River. Collectively, they make up one of the richest neighborhoods in Portland with a median household income of $86,700 and a median home price of $535,000.
7. Rose City Park | A Bustling Portland Neighborhood Full of Parks and Green Spaces
Rose City Park is also on the list of the wealthiest neighborhoods in Portland. The hidden gem was first plotted in 1907, the same year as the first Portland Rose festival, and it's still known for its beautiful foliage and lush green spaces. It has a park of the same name featuring a golf course, tennis courts, playground, and sports fields.
It's also home to several other parks, including Normandale Park and Frazer Park, making it ideal for outdoor enthusiasts in search of the richest neighborhoods in Portland. You'll also find plenty of food trucks, shops and delicious neighborhood restaurants along Sandy Boulevard, including Clyde's Prime Rib and Cabezon.
Residents also enjoy easy access to I-84, which forms the southern border of the community, as well as public transportation via the MAX light rail system at the NE 60th Ave Station. It offers a great mix of residential serenity and urban amenities, which is why it's one of the richest neighborhoods in Portland. It features a median home price of $710,000 and a median household income of $82,200.
8. Concordia | A Cool Neighborhood In Portland With a Thriving Art Scene
Concordia is also among the wealthiest neighborhoods in Portland Oregon. The peaceful community is situated in between Irvington and the Portland International Airport in the northeastern part of the city. It is bordered by Alberta Park and home to Fernhill Park, offering ample opportunity for outdoor recreation.
It's also home to Alberta Rose Theater, a renovated movie house from the 1920s that now hosts stand-up comedy, live music, and vaudeville shows. It developed around the private liberal arts college, Concordia University, which closed in 2020 due to financial difficulties. However, the neighborhood is still home to a thriving arts scene centered around the theater and the many galleries and cultural attractions scattered throughout the neighborhood.
Concordia also features several thriving bars, coffee shops, and gourmet restaurants like Urdaneta and Expatriate. As a result, it's one of the richest neighborhoods in Portland with a median household income of $80,200 and a median household income of $704,000.
9. Hayhurst | A Peaceful Portland Oregon Neighborhood With Unique Attractions
Another one of the richest neighborhoods in Portland is Hayhurst. Located in southwest Portland on the border of Washington County, Hayhurst is a family-friendly community known for its suburban atmosphere and abundance of parks.
It contains a smaller community known as Vermont Hills, which is known for its historic mansions, diverse architecture, and beautiful views. Hayhurst borders Gabriel Park and the Southwest Community Center, which offer swimming pools, sports fields, a skate park, and more.
It was also famously the home of the Alpenhouse Dairy, a facility that not only bottled milk and other dairy products but also featured a velodrome, baseball park, and replica frontier town. Unfortunately, it closed to the public in 2019 after it was purchased by Smith Brothers Farms. Still, Hayhurst is a beautiful residential area known for being one of the richest neighborhoods in Portland with a median household income of $78,000 anda median home price of $633,000.
10. Mount Tabor | A Laidback Neighborhood Built Around a Volcano
Last on the list of Portland's richest neighborhoods in Mount Tabor. Located in southeast Portland, Mount Tabor takes its name from a volcanic city cone and park of the same name that surrounds the volcano.
The centuries old park is famous for its breathtaking views and takes its name from Mount Tabor in Israel. It isn't the flashiest or hippest Portland Oregon neighborhood, but it does have its own unique vibe with walkable streets and plenty of bike lanes.
The park is its most notable feature, which also includes several sports courts and picnic areas, along with its iconic volcano. It's very close to the Hawthorne District, which features a variety of shops, restaurants, and entertainment options. The campus of Warner Pacific University, a private Christian college, is also in the neighborhood, just south of the park.
With its iconic attractions and educational opportunities, it isn't hard to tell why Mount Tabor is one of the richest neighborhoods in Portland, with a median household income of $76,800 and a median home price of $810,500.
Richest Portland Neighborhoods Map
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