Homes for sale under $500k in Portland, OR

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VIDEO TOUR

ABOUT THIS HOME
Homes for sale under $500k in Portland, OR
Light, Bright, and Practically Parkside in St. Johns! This contemporary 3-bedroom, 2.5-bath home sits less than 200 feet from iconic Pier Park, giving you instant access to towering evergreens, disc golf, trails, and room to play. Inside, you’ll find a thoughtfully designed, efficient floor plan that makes everyday living comfy and easy. The open-concept main level offers a lovely living room, a dining space perfect for delicious gatherings, and a modern kitchen with plenty of storage. A convenient half bath completes the main floor. Upstairs, you will find three ample bedrooms. The primary suite features its own bathroom and generous closet space, while the additional bedrooms and fu

$500,000

3 beds3 baths1,458 sq ft

9619 N Kalmar St, Portland, OR 97203

Location in st johns • Owned solar panels • Access to pier park

Constance Rigney • Living Room Realty

ABOUT THIS HOME
Homes for sale under $500k in Portland, OR
Welcome to Summerplace! This Affordable 55 and above community has everything you need and then some with a long list of great amenities including pool, clubhouse, tennis courts and much more. This Popular 3 bedroom "Bay View" model has been gently lived in since built while always being well cared for. Perched along the commons pathway with action from passers by, your heated enclosed patio makes this home is fun to live in. Super clean and wonderfully maintained with upgrades and replacements as needed. Newer Furnace, Newer Hot Water Heater, Fairly New Roof, Super Quiet New Garage Door & Opener, Newer Appliance Suite, Newer Flooring, Countertops and Sinks, This home is eas

$500,000

3 beds2 baths1,625 sq ft

2328 NE 156th Pl, Portland, OR 97230

Clubhouse • Tennis courts • Pool

Gary Griggs • Windermere Community Realty

$500,000

4 beds1 bath1,490 sq ft

3627 NE 9th Ave, Portland, OR 97212

5,227 sq ft lot • Built 1913 • Listed 72 days

Anthony Pitre • Limbrick Real Estate Group

3D & VIDEO TOUR

ABOUT THIS HOME
Homes for sale under $500k in Portland, OR
Move in ready, low maintenance home in one of Portland's most desirable neighborhoods. Discover a beautifully updated, low-maintenance home in the highly sought-after Forest Heights community - a perfect blend of modern comfort, turn-key convenience, and exceptional lifestyle. This home is truly ready for you: the exterior of the home and landscaping are maintained by the HOA, so you won’t have to lift a finger when you move in. Step through the front door into an inviting living room and dining area featuring vaulted ceilings, skylights, and access to an expansive backyard deck - ideal for relaxing or entertaining. The updated kitchen boasts granite countertops, stainless appliances,

$500,000

3 beds3 baths1,575 sq ft

9926 NW Justus Ln, Portland, OR 97229

Remodeled kitchen • Renovated kitchen • Large walk in closet

Andrew Ramey • Works Real Estate

ABOUT THIS HOME
Homes for sale under $500k in Portland, OR
Charming 4 bedroom, 2 bathroom home just two blocks from the University of Portland in the heart of the desirable University Park neighborhood. Filled with natural light & classic character, this home offers a flexible floor plan with room for everyone. Enjoy a spacious living area, functional kitchen, and comfortable bedrooms ideal for students, guests, or multi-generational living. A newer furnace provides peace of mind, and the property’s layout offers great potential for updates or future customization. The large backyard is perfect for gardening, relaxing, or creating your ideal outdoor living space. Close to neighborhood parks, coffee shops, and all amenities. Whether you'

$500,000

4 beds2 baths1,682 sq ft

5118 N Yale St, Portland, OR 97203

Newer furnace • Flexible floor plan • Large backyard

Lisa Hanna • Eleete Real Estate

Property at 922 NW 11th Ave #415, Portland, OR 97209, 2 beds, 2 baths

$500,000

2 beds2 baths1,734 sq ft

922 NW 11th Ave #415, Portland, OR 97209

Barbara Covert • RE/MAX Equity Group

Property at 2926 SW Texas St, Portland, OR 97219, 2 beds, 3 baths

$500,000

2 beds3 baths1,420 sq ft

2926 SW Texas St, Portland, OR 97219

Vicki Gile • Premiere Property Group, LLC

Property at 7118 N Vancouver Ave, Portland, OR 97217, 3 beds, 3 baths

$500,000

3 beds3 baths1,507 sq ft

7118 N Vancouver Ave, Portland, OR 97217

Cary Minden • CJM Realty

Property at 1566 SE Sherrett St Unit A, Portland, OR 97202, 2 beds, 1 bath

$500,000

2 beds1 bath1,058 sq ft

1566 SE Sherrett St Unit A, Portland, OR 97202

Sarah Johnson • Where, Inc

Property at 1830 NW Riverscape St #406, Portland, OR 97209, 2 beds, 2 baths

$500,000

2 beds2 baths1,257 sq ft

1830 NW Riverscape St #406, Portland, OR 97209

Darryl Bodle • Keller Williams Realty Portland Premiere

Property at 15157 NW Rosina Ln, Portland, OR 97229, 3 beds, 3 baths

$499,999

3 beds3 baths1,406 sq ft

15157 NW Rosina Ln, Portland, OR 97229

Dani Clark • Cascadian South Corp.

Property at 4616 SE 128th Ave, Portland, OR 97236, 3 beds, 1 bath

$499,999

3 beds1 bath1,386 sq ft

4616 SE 128th Ave, Portland, OR 97236

Fernando Barajas • eXp Realty, LLC

Property at Bondi Plan, Portland, OR 97229, 3 beds, 3 baths

$499,999

3 beds3 baths1,632 sq ft

Bondi Plan, Portland, OR 97229

Listing provided by Zillow

Property at 7546 NW Elise Ave, Portland, OR 97229, 3 beds, 3 baths

$499,999

3 beds3 baths1,632 sq ft

7546 NW Elise Ave, Portland, OR 97229

Brian Fosnaugh • Cascadian South Corp.

Property at 5050 NE 91st Ave, Portland, OR 97220, 3 beds, 3 baths

$499,999

3 beds3 baths1,523 sq ft

5050 NE 91st Ave, Portland, OR 97220

Jason McEllrath • Portland Proper Real Estate

Property at 4214 NE 81st Ave, Portland, OR 97218, 3 beds, 3 baths

$499,950

3 beds3 baths1,711 sq ft

4214 NE 81st Ave, Portland, OR 97218

Michael Maloney • Soldera Properties, Inc

Property at 3320 SE 54th Ave, Portland, OR 97206, 4 beds, 3 baths

$499,950

4 beds3 baths2,318 sq ft

3320 SE 54th Ave, Portland, OR 97206

Jeff Edmondson • 24/7 Properties

Property at 7024 N Congress Ave, Portland, OR 97217, 2 beds, 1 bath

$499,900

2 beds1 bath1,440 sq ft

7024 N Congress Ave, Portland, OR 97217

Yasmine Foroud • Windermere Realty Trust

Property at 8331 SE Carnation St, Portland, OR 97267, 3 beds, 2 baths

$499,900

3 beds2 baths1,372 sq ft

8331 SE Carnation St, Portland, OR 97267

Scott Foster • Premiere Property Group, LLC

Property at 3644 NE 57th Ave, Portland, OR 97213, 4 beds, 3 baths

$499,900

4 beds3 baths1,347 sq ft

3644 NE 57th Ave, Portland, OR 97213

Darryl Bodle • Keller Williams Realty Portland Premiere

Property at 6921 N Macrum Ave, Portland, OR 97203, 3 beds, 3 baths

$499,900

3 beds3 baths1,306 sq ft

6921 N Macrum Ave, Portland, OR 97203

Lauren Sheehan • eXp Realty, LLC

Property at 12342 NE Knott St, Portland, OR 97230, 5 beds, 2 baths

$499,900

5 beds2 baths2,222 sq ft

12342 NE Knott St, Portland, OR 97230

Peri Gehl • Better Homes & Gardens Realty

Property at 2515 N Winchell St, Portland, OR 97217, 3 beds, 3 baths

$499,900

3 beds3 baths1,248 sq ft

2515 N Winchell St, Portland, OR 97217

Doug Landers • John L. Scott Portland Central

Property at 2620 N Kilpatrick St, Portland, OR 97217, 2 beds, 3 baths

$499,900

2 beds3 baths1,164 sq ft

2620 N Kilpatrick St, Portland, OR 97217

Gary Whitehill-Baziuk • RE/MAX Equity Group

Property at 5073 NE 37th Ave, Portland, OR 97211, 3 beds, 3 baths

$499,900

3 beds3 baths1,240 sq ft

5073 NE 37th Ave, Portland, OR 97211

Jennifer Tran • Everett Real Estate Group

Property at 7825 SE Sporri Ln, Portland, OR 97267, 4 beds, 3 baths

$499,900

4 beds3 baths1,994 sq ft

7825 SE Sporri Ln, Portland, OR 97267

Chuan Liu • MORE Realty

Property at 1931 NE 92nd Ave, Portland, OR 97220, 3 beds, 2 baths

$499,900

3 beds2 baths2,276 sq ft

1931 NE 92nd Ave, Portland, OR 97220

Elliot Blair • John L. Scott Portland Central

Property at 3516 SW 1st Ave, Portland, OR 97239, 2 beds, 2 baths

$499,900

2 beds2 baths1,354 sq ft

3516 SW 1st Ave, Portland, OR 97239

Redfin

Property at 6719 SE Gladstone St, Portland, OR 97206, 3 beds, 3 baths

$499,900

3 beds3 baths1,225 sq ft

6719 SE Gladstone St, Portland, OR 97206

Darryl Bodle • Keller Williams Realty Portland Premiere

Property at 5530 NE Flanders St, Portland, OR 97213, 3 beds, 2 baths

$499,900

3 beds2 baths— sq ft

5530 NE Flanders St, Portland, OR 97213

Ben Andrews • MORE Realty

Property at 15544 NE Couch St, Portland, OR 97230, 4 beds, 2 baths

$499,900

4 beds2 baths1,728 sq ft

15544 NE Couch St, Portland, OR 97230

Meiya Luo • Coldwell Banker Bain

Property at 311 NW 12th Ave #603, Portland, OR 97209, 1 bed, 2 baths

$499,900

1 bed2 baths1,033 sq ft

311 NW 12th Ave #603, Portland, OR 97209

Jill Pereira • Windermere Realty Trust

Property at 1671 SE Sherrett St, Portland, OR 97202, 3 beds, 3 baths

$499,900

3 beds3 baths1,320 sq ft

1671 SE Sherrett St, Portland, OR 97202

Reuben Schug • Windermere Realty Trust

Property at 6305 SE Chloe Rose Way, Portland, OR 97267, 3 beds, 3 baths

$499,900

3 beds3 baths1,528 sq ft

6305 SE Chloe Rose Way, Portland, OR 97267

Bryce Rosenbaum • Harcourts Real Estate Network Group

Property at 6888 SE Lamphier St, Portland, OR 97222, 3 beds, 3 baths

$499,830

3 beds3 baths1,500 sq ft

6888 SE Lamphier St, Portland, OR 97222

Patty Hopkins • Premiere Property Group, LLC

Property at 1500 SW 11th Ave #1704, Portland, OR 97201, 2 beds, 3 baths

$499,500

2 beds3 baths1,248 sq ft

1500 SW 11th Ave #1704, Portland, OR 97201

Carrie Wellhouser • Real Broker

Property at 1620 NE Broadway St #232, Portland, OR 97232, 2 beds, 2 baths

$499,000

2 beds2 baths1,240 sq ft

1620 NE Broadway St #232, Portland, OR 97232

Jan Cohen • Windermere Realty Trust

Property at 44 NE Lombard St, Portland, OR 97211, 3 beds, 2 baths

$499,000

3 beds2 baths1,219 sq ft

44 NE Lombard St, Portland, OR 97211

Elaine Rahman • Works Real Estate

Property at 4507 SE 70th Ave, Portland, OR 97206, 4 beds, 2 baths

$499,000

4 beds2 baths3,246 sq ft

4507 SE 70th Ave, Portland, OR 97206

Scott McMahon • MORE Realty

Property at 8422 SE 65th Ave, Portland, OR 97206, 3 beds, 2 baths

$499,000

3 beds2 baths1,074 sq ft

8422 SE 65th Ave, Portland, OR 97206

Michelle McCabe • Windermere Realty Trust

Property at 8420 N Smith St, Portland, OR 97203, 2 beds, 2 baths

$499,000

2 beds2 baths1,768 sq ft

8420 N Smith St, Portland, OR 97203

Dawn Mulder • MORE Realty

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Based on information submitted to the MLS GRID as of Sun Dec 07 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Homes for sale under $500k in Portland

There are currently 1210 homes for sale under $500k in Portland. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Portland stay on the market for 93 days and receive 4 offers. Popular neighborhoods include Northeast Portland, Northwest Portland, Sellwood-Moreland, Southwest Portland, and Laurelhurst. This map is refreshed with the newest listings in Portland every 15 minutes.

In the past month, 515 homes have been sold in Portland. In addition to houses in Portland, there were also 897 condos, 129 townhouses, and 139 multi-family units for sale in Portland last month. Portland is a moderately walkable city in Multnomah County with a Walk Score of 67. Portland is home to approximately 583,496 people and 396,143 jobs. Find your dream home in Portland using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Portland are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Portland. Our Portland real estate stats and trends will give you more information about home buying and selling trends in Portland. If you're looking to sell your home in the Portland area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Portland with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Redfin are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Data Last Updated Sun Dec 07 2025

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Homes for sale under $500k in Portland, OR

Homes for sale under $500k in Portland

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