Reed, Beaverton, OR
Reed — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Reed, Beaverton, Oregon. Explore the cited sources and local facts below while agent underwriting continues.
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Reed Neighborhood Overview
Reed is a highly walkable residential neighborhood in southeast Portland, situated within the 97202 ZIP code of Multnomah County. This established community offers a quiet, tree-lined atmosphere with convenient access to the vibrant commercial corridors of nearby districts. It represents an upper-mid market tier with a strong sense of place and community.
Lifestyle & Amenities
Residents enjoy an exceptional walkability score of 19.9 out of 20, placing daily needs within easy reach. The neighborhood is centrally located near popular areas like Creston-Kenilworth, Woodstock, and Westmoreland, providing quick access to their shops and restaurants. This prime positioning blends residential tranquility with urban convenience.
Real Estate Market
The Reed real estate market is active, with 987 mortgage originations recorded in 2023, the vast majority being conventional loans. It features a median home value of $657,700 and a median household income of $94,983. For renters, the median gross rent is $1,609 per month.
Schools & Education
Families in Reed are served by several well-regarded Portland Public Schools options within a short distance. Grout Elementary is the closest at 0.43 miles, while Cleveland High School is about a mile away. Multiple other elementary schools, including Woodstock, Lewis, Llewellyn, and Duniway, are all within a 1.1-mile radius.
Transportation & Connectivity
The neighborhood's walkable design significantly reduces reliance on cars for daily errands. Its location provides efficient connections to major routes for commutes to downtown Portland, Beaverton, and beyond. Public transit options along adjacent major streets further enhance regional connectivity.
Why Choose Reed
Reed appeals to those seeking a classic Portland neighborhood with top-tier walkability and stable, quality housing. It offers a perfect balance of a peaceful residential setting with the amenities of more bustling commercial districts just blocks away. The combination of strong schools, an active housing market, and a central location makes it a consistently desirable community.
Reed Market Data
| Metric | Value |
|---|---|
| Median Home Price | $658K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $95K |
| Homeownership Rate | 51.9% |
| Renter-Occupied | 48.1% |
| Rental Vacancy Rate | 5.0% |
| Market Type | Balanced |
| Market Tier | Upper Mid |
| Primary ZIP Code | 97202 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 987 |
| VA Loan Originations | 11 |
| VA Loan Share | 1.1% |
| Conventional Loan Originations | 943 |
| FHA Loan Originations | 33 |
Top Real Estate Agents in Reed, Beaverton
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Reed, Beaverton, OR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Oregon Real Estate Agency (OREA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15