Capitol Hill median real estate price is $533,946, which is more expensive than 49.7% of the neighborhoods in Oregon and 65.2% of the neighborhoods in the U.S.
The average rental price in Capitol Hill is currently $1,987, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 53.5% of Oregon neighborhoods.
Capitol Hill is an urban neighborhood (based on population density) located in Portland, Oregon.
Capitol Hill 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 occupied by a mixture of owners and renters. Many of the residences in the Capitol Hill neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Capitol Hill, the current vacancy rate is 2.0%, which is a lower rate of vacancies than 85.5% of all neighborhoods in the U.S. This means that the housing supply in Capitol Hill is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Portland, the Capitol Hill neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Astoundingly, the Capitol Hill neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 98.1% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Portland neighborhood.
In addition, according to NeighborhoodScout's research, Capitol Hill is better suited for first-time home buyers than 86.8% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Oregon. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood
Did you know that the Capitol Hill neighborhood has more Canadian and Dutch ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.5% of this neighborhood's residents have Canadian ancestry and 5.7% have Dutch ancestry.
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 Capitol Hill 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 66.7% of the neighborhoods in America. In addition, 7.4% 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 56.9% of America'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 Capitol Hill neighborhood, 61.6% 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 22.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.3%), and 8.3% in government jobs, whether they are in local, state, or federal positions.
The most common language spoken in the Capitol Hill neighborhood is English, spoken by 93.1% of households. Some people also speak Spanish (2.9%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Capitol Hill neighborhood in Portland, OR, residents most commonly identify their ethnicity or ancestry as Irish (19.7%). There are also a number of people of German ancestry (15.9%), and residents who report English roots (14.8%), and some of the residents are also of Norwegian ancestry (7.7%), along with some Mexican ancestry residents (6.9%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Capitol Hill neighborhood spend between 15 and 30 minutes commuting one-way to work (46.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (56.0%) 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 (12.9%) and 8.5% 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.