Hollywood typically prices near the Northeast Portland district median for single-family homes, below Grant Park and Alameda and generally above Cully and Madison South. Condo pricing runs lower per square foot than single-family, which pulls the overall median down. For current median sale price on the neighborhood page above, the Lofty market data widget is updated monthly from RMLS.

Hollywood sits in Multnomah County. Property taxes are calculated on Measure 50 assessed value, not market value, so two similar homes can have very different tax bills depending on ownership history and whether major improvements have triggered reassessment. Effective rates in this part of Northeast Portland generally run around 1.0 to 1.3 percent of real market value. Check the specific property record at multcoproptax.com.

Portland Public Schools serves Hollywood. Default assigned elementary schools vary by block and include Rose City Park and Beverly Cleary depending on address. Roseway Heights Middle School and Grant High School are common middle and high school assignments. School assignment depends on the specific address and is subject to change, so always verify with the PPS boundary finder.

Hollywood has the most varied housing stock in inner Northeast Portland. Residential blocks north of Sandy are dominated by 1920s and 1930s Craftsman bungalows, Tudor revivals, and English Cottages on 5,000-square-foot lots. Mid-century ranch homes appear on post-war infill. Along Sandy and NE 42nd, newer mixed-use buildings add condos and apartments over ground-floor retail, giving Hollywood a condo inventory that adjacent neighborhoods do not have.

MAX Red and Blue lines from the Hollywood Transit Center reach downtown Portland in approximately 12 minutes with no transfers. Driving via I-84 typically runs 10 to 15 minutes to downtown depending on traffic. The Red Line continues to Portland International Airport in about 25 minutes from Hollywood, which is one of the neighborhood's distinguishing features for frequent travelers.

Hollywood is highly walkable. Walk Score rates the core of the neighborhood around the transit center in the 90s, and most residential blocks score in the 80s. Access to Trader Joe's, Safeway, the Hollywood Theatre, multiple restaurants, and MAX within a 10 to 15 minute walk drives the scores. Sandy Boulevard carries traffic but has continuous sidewalks. Check a specific address on walkscore.com.

Grant Park sits immediately west of Hollywood and offers larger lots, pre-war Craftsman architecture, and a purely residential character at a higher price point. Rose City Park sits immediately east and has a similar 1920s housing stock to Grant Park but is larger, flatter, and slightly less expensive. Hollywood in the middle offers the transit access and walkable commercial core that neither of those neighborhoods has, plus condo options that the others lack.

Hollywood residential blocks are zoned primarily R5 and R2.5, which permits Accessory Dwelling Units subject to Portland's citywide ADU regulations. Commercial corridors along Sandy and NE 42nd carry mixed-use zoning. Short-term rentals are regulated under Portland's Accessory Short-Term Rental program, which requires the operator to live on-site at least 270 nights per year for Type A permits. Verify zoning at portlandmaps.com.