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Real Estate Prices & Overview

Northeast median real estate price is $427,591, which is less expensive than 68.6% of Oregon neighborhoods and 41.6% of all U.S. neighborhoods.

The average rental price in Northeast is currently $2,312, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 66.6% of the neighborhoods in Oregon.

Northeast is an urban neighborhood (based on population density) located in Gresham, Oregon.

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

Real estate vacancies in Northeast are 5.3%, which is lower than one will find in 64.3% of American neighborhoods. Demand for real estate in Northeast is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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

Divorcees may find friendship and understanding in this neighborhood, as 20.3% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.0% of the neighborhoods in America.

Diversity

Did you know that the Northeast neighborhood has more Portuguese and Finnish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Portuguese ancestry and 1.1% have Finnish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Northeast neighborhood in Gresham are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 84.3% of U.S. neighborhoods. With 28.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 79.9% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Northeast neighborhood, 33.9% 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 25.3% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (20.6%), and 20.2% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Northeast neighborhood is English, spoken by 76.0% of households. Other important languages spoken here include Spanish and Italian.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Northeast neighborhood in Gresham, OR, residents most commonly identify their ethnicity or ancestry as Mexican (19.7%). There are also a number of people of English ancestry (11.5%), and residents who report German roots (8.7%), and some of the residents are also of Irish ancestry (7.8%), along with some French ancestry residents (7.1%), among others. In addition, 11.8% of the residents of this neighborhood were born in another country.

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 Northeast neighborhood spend under 15 minutes commuting one-way to work (39.8% of working residents), one of the shortest commutes across America.

Here most residents (68.6%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.2%) . 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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