Take heart. The median price for the whole metro area finished '06 at $270,000—steeper than the national figure of $220,000 but still about half of California's median. The average Southeast Portland pad sold for about $235,000 last year. That means there are still relative bargains out there. We pored over rmls.com and scouted properties listed at $250,000 or less. These particular spots were all on the market in mid-March. They might be long gone by the time you're reading this, but this list should give you a rough feel for what to expect (hope for?) on the warpath.