ZIP 97005 Housing Market Report
Portland Metro
Report period: July 2026
97005 Monthly Market Update – July 2026
ZIP 97005 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$499,000
+1.5%
Median DOM (Sales)
26
+8.3%
New Listings (Sales)
9
−73.5%
Median Rent
$1,600
+0.3%
Median DOM (Rental)
1
0.0%
Total Rental Listings
318
+15.2%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($899,900 median)
Sales Market Overview
Median Price
$499,000
+1.5%
Median DOM
26
+8.3%
New Listings
9
−73.5%
Inventory
91
+2.2%
- Average Price: $490,051
- Median Price: $499,000
- Price Range: $129,900 – $930,000
- Price per Sq Ft (Avg/Median): $339 / $318
- Square Footage (Avg/Median): 1,537 / 1,232
- Square Footage Range: 369 – 3,991
- Days on Market (Avg/Median): 53 / 26
- Days on Market Range: 1 – 363
- New Listings: 9
- Total Listings: 91
Sales by Property Type
Condo
Avg/Median Price$263,232 / $245,000Range$170,000 – $444,698Price per Sq Ft$306 / $304Sq Ft892 / 888DOM60 / 34New2Total24
Land
Avg/Median Price$450,000 / $375,000Range$375,000 – $525,000Price per Sq Ft—Sq Ft—DOM152 / 58New0Total2
Manufactured
Avg/Median Price$129,900 / $129,900Range$129,900 – $129,900Price per Sq Ft$180 / $180Sq Ft720 / 720DOM95 / 95New0Total1
Multi-Family
Avg/Median Price$815,960 / $869,900Range$650,000 – $930,000Price per Sq Ft$264 / $274Sq Ft3,135 / 3,264DOM142 / 22New0Total5
Single Family
Avg/Median Price$592,472 / $549,000Range$225,000 – $899,900Price per Sq Ft$369 / $356Sq Ft1,755 / 1,572DOM32 / 15New6Total52
Townhouse
Avg/Median Price$336,971 / $325,000Range$249,999 – $409,900Price per Sq Ft$306 / $303Sq Ft1,108 / 1,092DOM84 / 57New1Total7
Sales by Bedroom Count
Studio
Avg:$195,000Median:$195,000Range:$195,000 – $195,000PSF:$528 / $528Sq Ft:369 / 369DOM:203 / 203New:0Total:1
1 Beds
Avg:$205,025Median:$214,900Range:$170,000 – $245,000PSF:$316 / $330Sq Ft:650 / 630DOM:75 / 35New:0Total:7
2 Beds
Avg:$352,315Median:$315,000Range:$129,900 – $869,900PSF:$338 / $316Sq Ft:1,068 / 960DOM:61 / 29New:4Total:29
3 Beds
Avg:$524,038Median:$499,900Range:$250,000 – $869,000PSF:$387 / $377Sq Ft:1,404 / 1,354DOM:28 / 16New:3Total:26
4 Beds
Avg:$675,256Median:$685,000Range:$525,000 – $899,900PSF:$311 / $297Sq Ft:2,196 / 2,062DOM:38 / 14New:2Total:18
5 Beds
Avg:$757,560Median:$795,000Range:$615,000 – $930,000PSF:$230 / $233Sq Ft:3,347 / 3,024DOM:115 / 106New:0Total:5
6 Beds
Avg:$690,000Median:$650,000Range:$650,000 – $730,000PSF:$282 / $274Sq Ft:2,442 / 2,372DOM:16 / 9New:0Total:2
8 Beds
Avg:$899,900Median:$899,900Range:$899,900 – $899,900PSF:$276 / $276Sq Ft:3,264 / 3,264DOM:6 / 6New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $195,000 | $195,000 | $195,000 – $195,000 | $528 / $528 | 369 / 369 | 203 / 203 | 0 | 1 |
| 1 Beds | $205,025 | $214,900 | $170,000 – $245,000 | $316 / $330 | 650 / 630 | 75 / 35 | 0 | 7 |
| 2 Beds | $352,315 | $315,000 | $129,900 – $869,900 | $338 / $316 | 1,068 / 960 | 61 / 29 | 4 | 29 |
| 3 Beds | $524,038 | $499,900 | $250,000 – $869,000 | $387 / $377 | 1,404 / 1,354 | 28 / 16 | 3 | 26 |
| 4 Beds | $675,256 | $685,000 | $525,000 – $899,900 | $311 / $297 | 2,196 / 2,062 | 38 / 14 | 2 | 18 |
| 5 Beds | $757,560 | $795,000 | $615,000 – $930,000 | $230 / $233 | 3,347 / 3,024 | 115 / 106 | 0 | 5 |
| 6 Beds | $690,000 | $650,000 | $650,000 – $730,000 | $282 / $274 | 2,442 / 2,372 | 16 / 9 | 0 | 2 |
| 8 Beds | $899,900 | $899,900 | $899,900 – $899,900 | $276 / $276 | 3,264 / 3,264 | 6 / 6 | 0 | 1 |
Rental Market Overview
Median Rent
$1,600
+0.3%
Median DOM
1
0.0%
New Listings
132
Inventory
318
+15.2%
- Average Rent: $1,764
- Median Rent: $1,600
- Rent Range: $995 – $8,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 855 / 780
- Square Footage Range: 325 – 9,500
- Days on Market (Avg/Median): 26 / 1
- Days on Market Range: 1 – 357
- New Listings: 132
- Total Listings: 318
Rentals by Property Type
Apartment
$1,566
Median DOM: 1
Inventory: 250
MoM: +0.3%
Condo
$1,545
Median DOM: 1
Inventory: 27
MoM: +0.3%
Single Family
$2,295
Median DOM: 1
Inventory: 34
MoM: +0.3%
Townhouse
$2,150
Median DOM: 8
Inventory: 7
MoM: +0.3%
Apartment
Avg/Median Rent$1,685 / $1,566Range$995 – $4,282Rent per Sq Ft$2 / $2Sq Ft770 / 743DOM29 / 1New101Total250
Condo
Avg/Median Rent$1,598 / $1,545Range$1,095 – $2,650Rent per Sq Ft$2 / $2Sq Ft1,123 / 850DOM14 / 1New14Total27
Single Family
Avg/Median Rent$2,427 / $2,295Range$1,095 – $8,800Rent per Sq Ft$2 / $2Sq Ft1,205 / 988DOM7 / 1New15Total34
Townhouse
Avg/Median Rent$2,041 / $2,150Range$1,600 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,123 / 1,094DOM66 / 8New2Total7
Rentals by Bedroom Count
Studio
Avg:$1,397Median:$1,371Range:$1,025 – $2,500PSF:$3 / $3Sq Ft:700 / 500DOM:31 / 1New:16Total:39
1 Beds
Avg:$1,566Median:$1,455Range:$995 – $4,282PSF:$2 / $2Sq Ft:684 / 696DOM:22 / 1New:60Total:124
2 Beds
Avg:$1,843Median:$1,650Range:$1,175 – $4,200PSF:$2 / $2Sq Ft:940 / 900DOM:32 / 1New:46Total:121
3 Beds
Avg:$2,378Median:$2,200Range:$1,695 – $4,279PSF:$2 / $2Sq Ft:1,266 / 1,157DOM:13 / 1New:8Total:30
4 Beds
Avg:$4,512Median:$2,999Range:$2,999 – $8,800PSF:$2 / $2Sq Ft:1,980 / 1,950DOM:12 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,397 | $1,371 | $1,025 – $2,500 | $3 / $3 | 700 / 500 | 31 / 1 | 16 | 39 |
| 1 Beds | $1,566 | $1,455 | $995 – $4,282 | $2 / $2 | 684 / 696 | 22 / 1 | 60 | 124 |
| 2 Beds | $1,843 | $1,650 | $1,175 – $4,200 | $2 / $2 | 940 / 900 | 32 / 1 | 46 | 121 |
| 3 Beds | $2,378 | $2,200 | $1,695 – $4,279 | $2 / $2 | 1,266 / 1,157 | 13 / 1 | 8 | 30 |
| 4 Beds | $4,512 | $2,999 | $2,999 – $8,800 | $2 / $2 | 1,980 / 1,950 | 12 / 1 | 2 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$475,000Median DOM:45New:12Total:53
Mar 2026
Median Price:$499,000Median DOM:40New:14Total:52
Apr 2026
Median Price:$479,900Median DOM:34New:15Total:53
May 2026
Median Price:$479,900Median DOM:34New:22Total:66
Jun 2026
Median Price:$491,725Median DOM:24New:34Total:89
Jul 2026
Median Price:$499,000Median DOM:26New:9Total:91
6-Month Rental Trend
Feb 2026
Median Rent:$1,515Median DOM:1New:109Total:211
Mar 2026
Median Rent:$1,515Median DOM:1New:93Total:201
Apr 2026
Median Rent:$1,525Median DOM:1New:80Total:202
May 2026
Median Rent:$1,499Median DOM:1New:88Total:195
Jun 2026
Median Rent:$1,595Median DOM:1New:164Total:276
Jul 2026
Median Rent:$1,600Median DOM:1New:132Total:318
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory increased.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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