Encompassing 100 city blocks, the Pearl is a dense mixed-use neighborhood that serves as an example of urban renewal worldwide. Just northwest of downtown Portland, 6,000 people call the Pearl District home.
Once purely industrial, this area has undergone tremendous urban renewal. Now one of Portland’s trendiest hubs, the the Pearl District is a frequented destination for food, drink and shopping.
The Pearl is the heart of an easy-to-use trolley system, and offers views of the beautifully arched Fremont bridge, scenic footpaths along the Willamette River, great food, art and architecture.
The area was named the “Pearl” because it was a hidden gem of a neighborhood nestled among warehouses. However, the area has gone through such a major revitalization, the neighborhood is anything but hidden these days. Property in this area predominantly consists of high-rise apartments and luxury condos with gorgeous views of the neighborhood, downtown and Mt. Hood, lofts with expansive views and rooftop apartments overlooking the river.
An incredibly walkable community, the Pearl appeals to travelers and residents alike, with a wealth of parks, tree-lined streets, urban wildlife, iconic shops, trendy restaurants, sophisticated bars, upscale markets and luxurious art. Named one of the coolest neighborhoods in the world in 2016, it is a recognized destination.
In 2016, the average median home price in the Pearl District was: $464,000