NEW YORK (AP) When you think of the biggest cities in the United States, you probably don’t think of a place like Portland, Oregon, a city that has been named one of the best cities in America by Forbes magazine for three consecutive years.
Portland has been home to an estimated 1.3 million people since the mid-1980s, and it has remained the most populated city in the country with nearly 6.7 million people.
The city’s median home price of $6,000 in June was the seventh-highest in the nation, according to the U.S. Census Bureau’s latest figures.
That means it is more expensive than the next-most expensive city with an average home price, San Francisco, at $8,700.
The median home ownership rate in Portland is more than three times that of the median home values in all 50 states, according a U.N. report released Wednesday.
That compares with a rate of just 2.9 percent in Los Angeles, where there are almost 8 million people, and a rate nearly four times the national average.
“Portland has been one of America’s great American cities for years,” Mayor Charlie Hales said in a statement.
“Our residents have built a community with amazing amenities, great restaurants and a vibrant nightlife, and we know they want to continue enjoying it.”
Hales’ hometown of Portland was named a “Best Neighborhood in America” by the Wall Street Journal in 2019 and “Best Urban Community” by The New York Times in 2020.
“The community and the arts, the people and the history of Portland make it special,” said Hales.
Portlanders also have been dubbed “America’s Most Innovative City,” by The Wall Street Post in 2017.
In the last year, Portland has made some of the largest investments in public transportation and a new bike-share system.
In addition, the city has recently launched a $7.3 billion, 20-year capital campaign that will bring $1 billion in investments and hundreds of millions of dollars in new jobs and economic growth.
The report also found that the median family income in Portland was $57,000, a record high.
Home values have risen in some parts of the city over the past year.
The average home in Portland now costs $769,000.