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Real Estate Prices & Overview

Reed / Reed College median real estate price is $722,393, which is more expensive than 81.2% of the neighborhoods in Oregon and 82.9% of the neighborhoods in the U.S.

The average rental price in Reed / Reed College is currently $2,351, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 74.2% of the neighborhoods in Oregon.

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

Reed / Reed College real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Reed / Reed College neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 7.0% in Reed / Reed College. NeighborhoodScout analysis shows that this rate is lower than 53.6% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Reed / Reed College neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, neighborhoodScout's analysis shows that the Reed / Reed College neighborhood has a greater concentration of residents currently enrolled in college than 98.0% of the neighborhoods in the U.S. With 22.7% of the population here attending college, this is very much a college-focused neighborhood.

Also, the Reed / Reed College neighborhood stands out within Oregon for its college student friendly environment. NeighborhoodScout's analysis reveals that this neighborhood is home to a number of college students, is relatively walkable, and above average in safety. In combination, this makes it stand out for a good place for college students to consider. Because a number of college students live here, this neighborhood may be close to a college campus and offer certain amenities nearby geared towards the student body. While it's not an environment for everyone, ambitious scholars can enjoy seasonal excitement between semesters and school breaks, and parents can rest easy knowing that the area has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 8.5% of college-friendly places to live in OR.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Reed / Reed College neighborhood is a fantastic option for bicycle commuters, as 3.7% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.9% of the neighborhoods in America.

Also, in the Reed / Reed College neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 10.6% of residents here. This is a higher proportion of walking commuters than we found in 95.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Reed / Reed College neighborhood has more British and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have British ancestry and 2.1% have Danish 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 Reed / Reed College 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 64.3% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Reed / Reed College neighborhood, 47.1% 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 24.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.6%), and 14.3% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Reed / Reed College neighborhood is English, spoken by 91.9% of households. Some people also speak Spanish (3.6%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Reed / Reed College neighborhood in Portland, OR, residents most commonly identify their ethnicity or ancestry as German (20.0%). There are also a number of people of Irish ancestry (18.4%), and residents who report Italian roots (8.1%), and some of the residents are also of English ancestry (7.9%), along with some Mexican ancestry residents (5.4%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Reed / Reed College neighborhood spend under 15 minutes commuting one-way to work (33.8% of working residents), one of the shortest commutes across America.

Here most residents (50.4%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (10.6%) and 8.9% of residents also ride the bus for their daily commute. 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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Schools include:
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