ZIP 97005 Housing Market Report
Portland Metro
Report period: August 2026
97005 Monthly Market Update – August 2026
ZIP 97005 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$499,000
−0.1%
Median DOM (Sales)
33
+32.0%
New Listings (Sales)
4
−87.5%
Median Rent
$1,630
+1.9%
Median DOM (Rental)
1
0.0%
Total Rental Listings
356
+1.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($797,900 median)
Sales Market Overview
Median Price
$499,000
−0.1%
Median DOM
33
+32.0%
New Listings
4
−87.5%
Inventory
96
−3.0%
- Average Price: $495,645
- Median Price: $499,000
- Price Range: $170,000 – $969,900
- Price per Sq Ft (Avg/Median): $334 / $317
- Square Footage (Avg/Median): 1,552 / 1,354
- Square Footage Range: 592 – 3,991
- Days on Market (Avg/Median): 53 / 33
- Days on Market Range: 2 – 352
- New Listings: 4
- Total Listings: 96
Sales by Property Type
Condo
Avg/Median Price$275,867 / $255,000Range$170,000 – $465,000Price per Sq Ft$291 / $304Sq Ft975 / 900DOM50 / 45New1Total28
Land
Avg/Median Price$516,667 / $525,000Range$375,000 – $650,000Price per Sq Ft—Sq Ft—DOM121 / 66New0Total3
Multi-Family
Avg/Median Price$724,975 / $650,000Range$450,000 – $930,000Price per Sq Ft$242 / $233Sq Ft2,996 / 2,372DOM114 / 9New1Total4
Single Family
Avg/Median Price$610,389 / $585,000Range$225,000 – $969,900Price per Sq Ft$366 / $348Sq Ft1,798 / 1,807DOM42 / 30New2Total54
Townhouse
Avg/Median Price$349,543 / $359,000Range$249,999 – $409,900Price per Sq Ft$308 / $303Sq Ft1,139 / 1,100DOM95 / 60New0Total7
Sales by Bedroom Count
1 Beds
Avg:$206,396Median:$204,990Range:$170,000 – $245,000PSF:$322 / $325Sq Ft:639 / 630DOM:56 / 26New:0Total:8
2 Beds
Avg:$332,261Median:$300,000Range:$199,900 – $869,900PSF:$310 / $304Sq Ft:1,105 / 961DOM:57 / 38New:1Total:28
3 Beds
Avg:$540,703Median:$499,900Range:$389,900 – $869,000PSF:$387 / $377Sq Ft:1,480 / 1,404DOM:34 / 24New:2Total:29
4 Beds
Avg:$675,681Median:$685,000Range:$525,000 – $899,900PSF:$321 / $318Sq Ft:2,145 / 2,064DOM:50 / 34New:0Total:21
5 Beds
Avg:$821,560Median:$797,900Range:$615,000 – $969,900PSF:$260 / $263Sq Ft:3,175 / 3,024DOM:128 / 106New:0Total:5
6 Beds
Avg:$550,000Median:$450,000Range:$450,000 – $650,000PSF:$245 / $216Sq Ft:2,228 / 2,084DOM:6 / 2New:1Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $206,396 | $204,990 | $170,000 – $245,000 | $322 / $325 | 639 / 630 | 56 / 26 | 0 | 8 |
| 2 Beds | $332,261 | $300,000 | $199,900 – $869,900 | $310 / $304 | 1,105 / 961 | 57 / 38 | 1 | 28 |
| 3 Beds | $540,703 | $499,900 | $389,900 – $869,000 | $387 / $377 | 1,480 / 1,404 | 34 / 24 | 2 | 29 |
| 4 Beds | $675,681 | $685,000 | $525,000 – $899,900 | $321 / $318 | 2,145 / 2,064 | 50 / 34 | 0 | 21 |
| 5 Beds | $821,560 | $797,900 | $615,000 – $969,900 | $260 / $263 | 3,175 / 3,024 | 128 / 106 | 0 | 5 |
| 6 Beds | $550,000 | $450,000 | $450,000 – $650,000 | $245 / $216 | 2,228 / 2,084 | 6 / 2 | 1 | 2 |
Rental Market Overview
Median Rent
$1,630
+1.9%
Median DOM
1
0.0%
New Listings
143
Inventory
356
+1.7%
- Average Rent: $1,811
- Median Rent: $1,630
- Rent Range: $1,075 – $6,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 875 / 800
- Square Footage Range: 350 – 9,500
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 357
- New Listings: 143
- Total Listings: 356
Rentals by Property Type
Apartment
$1,626
Median DOM: 1
Inventory: 282
MoM: +1.9%
Condo
$1,550
Median DOM: 1
Inventory: 31
MoM: +1.9%
Single Family
$1,995
Median DOM: 1
Inventory: 36
MoM: +1.9%
Townhouse
$2,195
Median DOM: 1
Inventory: 7
MoM: +1.9%
Apartment
Avg/Median Rent$1,753 / $1,626Range$1,075 – $4,282Rent per Sq Ft$2 / $2Sq Ft782 / 748DOM23 / 1New114Total282
Condo
Avg/Median Rent$1,656 / $1,550Range$1,095 – $2,650Rent per Sq Ft$2 / $2Sq Ft1,124 / 880DOM21 / 1New15Total31
Single Family
Avg/Median Rent$2,350 / $1,995Range$1,095 – $6,950Rent per Sq Ft$2 / $2Sq Ft1,310 / 984DOM8 / 1New12Total36
Townhouse
Avg/Median Rent$2,048 / $2,195Range$1,450 – $2,295Rent per Sq Ft$2 / $2Sq Ft1,209 / 1,127DOM76 / 1New2Total7
Rentals by Bedroom Count
Studio
Avg:$1,449Median:$1,449Range:$1,075 – $2,500PSF:$3 / $3Sq Ft:744 / 501DOM:15 / 1New:10Total:35
1 Beds
Avg:$1,649Median:$1,551Range:$1,095 – $4,282PSF:$2 / $2Sq Ft:711 / 696DOM:17 / 1New:68Total:140
2 Beds
Avg:$1,838Median:$1,649Range:$1,199 – $4,200PSF:$2 / $2Sq Ft:930 / 918DOM:31 / 1New:55Total:146
3 Beds
Avg:$2,481Median:$2,295Range:$1,695 – $4,279PSF:$2 / $2Sq Ft:1,284 / 1,296DOM:18 / 1New:8Total:29
4 Beds
Avg:$3,869Median:$3,100Range:$2,999 – $6,950PSF:$2 / $2Sq Ft:2,073 / 1,950DOM:16 / 1New:2Total:5
5 Beds
Avg:$3,495Median:$3,495Range:$3,495 – $3,495PSF:$1 / $1Sq Ft:2,394 / 2,394DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,449 | $1,449 | $1,075 – $2,500 | $3 / $3 | 744 / 501 | 15 / 1 | 10 | 35 |
| 1 Beds | $1,649 | $1,551 | $1,095 – $4,282 | $2 / $2 | 711 / 696 | 17 / 1 | 68 | 140 |
| 2 Beds | $1,838 | $1,649 | $1,199 – $4,200 | $2 / $2 | 930 / 918 | 31 / 1 | 55 | 146 |
| 3 Beds | $2,481 | $2,295 | $1,695 – $4,279 | $2 / $2 | 1,284 / 1,296 | 18 / 1 | 8 | 29 |
| 4 Beds | $3,869 | $3,100 | $2,999 – $6,950 | $2 / $2 | 2,073 / 1,950 | 16 / 1 | 2 | 5 |
| 5 Beds | $3,495 | $3,495 | $3,495 – $3,495 | $1 / $1 | 2,394 / 2,394 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
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:$499,500Median DOM:25New:32Total:99
Aug 2026
Median Price:$499,000Median DOM:33New:4Total:96
6-Month Rental Trend
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:187Total:350
Aug 2026
Median Rent:$1,630Median DOM:1New:143Total:356
Key Market Takeaways
Median sale prices softened this month while inventory compressed. 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro