Portland’s Hottest Real Estate Suburb, Surprise! – Mt. Hood
Without a doubt, the Mt. Hood area is known as a prime vacation and recreation spot for visitors. But with more and more city dwellers looking for solitude and space, Mt. Hood is becoming a popular real estate market for Portlanders. In fact, we’re adding it to our list of Portland’s hottest suburbs because the demand for this area far exceeded all other Portland real estate market suburbs in 2021.
Nestled at the base of Oregon’s highest peak are several small towns, each with its own personality, all of which comprise the villages of Mt. Hood. Why not take a day trip to explore and see which one is right for you?
Start with Brightwood and work your way south to Zigzag, and Welches. Then move on to Rhododendron, and finish up in Government Camp.
Live in Mt. Hood, Visit Portland. The best of both worlds.
Part of Clackamas County, known for its rivers, mountains, and trees, Mt. Hood has a population of about 4,500. Most residents own their homes and enjoy the rural lifestyle, thanks to the town’s location within Mt. Hood National Forest.
Not sure you’re ready to give up the benefits of city living? With Portland only an hour away, you can enjoy the best of both worlds. If transportation is ever an issue, Trimet, Portland’s mass transit system, will get you there and back.
Mt. Hood Lifestyle
Living at the base of a mountain has its perks. Imagine stepping outside your door and getting to any of the three nearby ski resorts within minutes. Or having one of the four natural areas, virtually, in your back yard.
Think you need to live in a city to enjoy delicious cuisine and unique shopping experiences? Think again! The Mt. Hood area has a multitude of quality dining establishments, along with shops and boutiques, sure to satisfy the most discriminating palates and styles. And let’s not forget all the Mt. Hood territory events, farmers markets, and farms and wineries.
Needless to say, while the lifestyle here may be quiet and peaceful, you’ll never be without something to see or do.
Mt. Hood Real Estate Market
Sound like a place you want to call home? Before you make the leap, you might want to consider Mt. Hood’s real estate market. Below are the stats for the area according to the recent RMLS Action Report.
Let’s compare the Mt. Hood real estate market with Portland’s:
Mt. Hood Housing Market
Average Sales Price – $517,700
Price Increase in Last Year – 21.9%
Average Number of Days on Market – 18
Numbers from RMLS Market Action Report Aug. 2021
Portland Housing Market
Median Sale Price – $589,000
Price Increase in Last year – 12.2%
Average Number of Days on Market – 55
Numbers from Fidelity National Title Oct. 2021
As you can see, homes are still more affordable in Mt. Hood than Portland, but prices are rising quickly and homes are selling more than twice as fast. Home buyers are moving to the suburbs and population growth in the suburbs of Portland is far exceeding that of the city proper. Folks are looking for quiet retreats outside the city (but not too far away) and finding the Mt. Hood area as hard to beat.
Search for All Mt. Hood Homes for Sale
Inventory has remained low in the area. There are only a few homes for sale in the Mt. Hood area. See them all here, using our number one search site for real estate in 2021.
Talk with a Mt. Hood Real Estate Expert
Ready to look for your next home in Mt. Hood or one of Portland’s other desirable suburbs? Take advantage of slowing market activity as we move into fall. Contact our top 1% buyers team today!
Our team has been helping our clients buy and sell homes in the area for over eighteen years. Check out our top 1% sellers and buyers agents today. We know all the local real estate market trends and would love to talk with you and answer your questions.October 8, 2021