If you own your home, you’re wondering how Portland’s skyrocketing sales are impacting the value of your place. If you don’t yet have a mortgage, but hope to, you may want to figure out which neighborhoods will take off this year.
No one can predict the future, especially when it comes to real estate investments, including sentimental properties such as your family home. But the data czars at Zillow crunched numbers at our request and came up with a ranking of what they predict could be the hottest Portland neighborhoods over the next year.
They compiled the current median home value of each neighborhood, forecast the value in a year and calculated the percent of the increase. For example, the median home in the Southwest Hills could cost 3.8 percent more over the next year, bumping the cost up more than $36,000.
Topping the list with a predicted 5.2 percent jump: St. Johns (expect to pay a median extra of $17,539), Mount Scott ($18,412 more) and Brentwood-Darlington ($15,634 more). See other predictions on how homes in specific neighborhoods might appreciate.