ZIP 97005 Housing Market Report
Portland Metro
Report period: May 2026
97005 Monthly Market Update – May 2026
ZIP 97005 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$449,900
−6.3%
Median DOM (Sales)
34
0.0%
New Listings (Sales)
2
−86.7%
Median Rent
$1,525
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
185
−8.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 7 Beds ($749,900 median)
Sales Market Overview
Median Price
$449,900
−6.3%
Median DOM
34
0.0%
New Listings
2
−86.7%
Inventory
52
−1.9%
- Average Price: $461,456
- Median Price: $449,900
- Price Range: $129,900 – $899,900
- Price per Sq Ft (Avg/Median): $340 / $315
- Square Footage (Avg/Median): 1,425 / 1,219
- Square Footage Range: 369 – 3,536
- Days on Market (Avg/Median): 64 / 34
- Days on Market Range: 5 – 302
- New Listings: 2
- Total Listings: 52
Sales by Property Type
Condo
Avg/Median Price$297,269 / $275,000Range$175,000 – $499,000Price per Sq Ft$313 / $300Sq Ft992 / 919DOM81 / 77New0Total16
Manufactured
Avg/Median Price$129,900 / $129,900Range$129,900 – $129,900Price per Sq Ft$180 / $180Sq Ft720 / 720DOM85 / 85New0Total1
Multi-Family
Avg/Median Price$809,900 / $749,900Range$749,900 – $869,900Price per Sq Ft$250 / $246Sq Ft3,240 / 2,944DOM237 / 171New0Total2
Single Family
Avg/Median Price$568,888 / $525,000Range$325,000 – $899,900Price per Sq Ft$381 / $388Sq Ft1,613 / 1,351DOM36 / 25New2Total26
Townhouse
Avg/Median Price$385,514 / $399,900Range$265,000 – $535,000Price per Sq Ft$298 / $303Sq Ft1,300 / 1,318DOM74 / 40New0Total7
Sales by Bedroom Count
Studio
Avg:$195,000Median:$195,000Range:$195,000 – $195,000PSF:$528 / $528Sq Ft:369 / 369DOM:192 / 192New:0Total:1
1 Beds
Avg:$207,333Median:$189,000Range:$175,000 – $258,000PSF:$300 / $300Sq Ft:690 / 696DOM:109 / 154New:0Total:3
2 Beds
Avg:$371,822Median:$325,000Range:$129,900 – $869,900PSF:$333 / $320Sq Ft:1,154 / 985DOM:71 / 37New:2Total:23
3 Beds
Avg:$514,950Median:$500,000Range:$399,900 – $729,900PSF:$376 / $388Sq Ft:1,405 / 1,351DOM:36 / 17New:0Total:16
4 Beds
Avg:$702,283Median:$560,000Range:$525,000 – $899,900PSF:$309 / $307Sq Ft:2,289 / 2,329DOM:41 / 32New:0Total:6
5 Beds
Avg:$712,000Median:$629,000Range:$629,000 – $795,000PSF:$238 / $214Sq Ft:2,981 / 2,938DOM:77 / 74New:0Total:2
7 Beds
Avg:$749,900Median:$749,900Range:$749,900 – $749,900PSF:$255 / $255Sq Ft:2,944 / 2,944DOM:171 / 171New: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 | 192 / 192 | 0 | 1 |
| 1 Beds | $207,333 | $189,000 | $175,000 – $258,000 | $300 / $300 | 690 / 696 | 109 / 154 | 0 | 3 |
| 2 Beds | $371,822 | $325,000 | $129,900 – $869,900 | $333 / $320 | 1,154 / 985 | 71 / 37 | 2 | 23 |
| 3 Beds | $514,950 | $500,000 | $399,900 – $729,900 | $376 / $388 | 1,405 / 1,351 | 36 / 17 | 0 | 16 |
| 4 Beds | $702,283 | $560,000 | $525,000 – $899,900 | $309 / $307 | 2,289 / 2,329 | 41 / 32 | 0 | 6 |
| 5 Beds | $712,000 | $629,000 | $629,000 – $795,000 | $238 / $214 | 2,981 / 2,938 | 77 / 74 | 0 | 2 |
| 7 Beds | $749,900 | $749,900 | $749,900 – $749,900 | $255 / $255 | 2,944 / 2,944 | 171 / 171 | 0 | 1 |
Rental Market Overview
Median Rent
$1,525
0.0%
Median DOM
1
0.0%
New Listings
44
Inventory
185
−8.4%
- Average Rent: $1,751
- Median Rent: $1,525
- Rent Range: $995 – $8,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 946 / 850
- Square Footage Range: 325 – 9,500
- Days on Market (Avg/Median): 40 / 1
- Days on Market Range: 1 – 333
- New Listings: 44
- Total Listings: 185
Rentals by Property Type
Apartment
$1,475
Median DOM: 1
Inventory: 126
MoM: 0.0%
Condo
$1,495
Median DOM: 1
Inventory: 16
MoM: 0.0%
Single Family
$2,395
Median DOM: 1
Inventory: 31
MoM: 0.0%
Townhouse
$2,195
Median DOM: 1
Inventory: 11
MoM: 0.0%
Apartment
Avg/Median Rent$1,554 / $1,475Range$1,045 – $4,282Rent per Sq Ft$2 / $2Sq Ft790 / 780DOM56 / 1New26Total126
Condo
Avg/Median Rent$1,722 / $1,495Range$1,145 – $3,900Rent per Sq Ft$2 / $2Sq Ft1,390 / 880DOM25 / 1New6Total16
Multi-Family
Avg/Median Rent$1,475 / $1,475Range$1,475 – $1,475Rent per Sq Ft$2 / $2Sq Ft792 / 792DOM1 / 1New0Total1
Single Family
Avg/Median Rent$2,462 / $2,395Range$995 – $8,800Rent per Sq Ft$2 / $2Sq Ft1,261 / 1,000DOM8 / 1New9Total31
Townhouse
Avg/Median Rent$2,076 / $2,195Range$1,645 – $2,275Rent per Sq Ft$2 / $2Sq Ft1,215 / 1,241DOM29 / 1New3Total11
Rentals by Bedroom Count
Studio
Avg:$1,446Median:$1,470Range:$1,045 – $2,500PSF:$3 / $3Sq Ft:1,041 / 507DOM:39 / 1New:3Total:16
1 Beds
Avg:$1,477Median:$1,395Range:$995 – $4,282PSF:$2 / $2Sq Ft:693 / 700DOM:48 / 1New:16Total:60
2 Beds
Avg:$1,656Median:$1,525Range:$1,295 – $3,900PSF:$2 / $2Sq Ft:922 / 880DOM:52 / 1New:15Total:75
3 Beds
Avg:$2,339Median:$2,195Range:$1,695 – $3,500PSF:$2 / $2Sq Ft:1,288 / 1,200DOM:6 / 1New:9Total:30
4 Beds
Avg:$4,447Median:$2,995Range:$2,795 – $8,800PSF:$2 / $1Sq Ft:2,089 / 2,000DOM:1 / 1New:1Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,446 | $1,470 | $1,045 – $2,500 | $3 / $3 | 1,041 / 507 | 39 / 1 | 3 | 16 |
| 1 Beds | $1,477 | $1,395 | $995 – $4,282 | $2 / $2 | 693 / 700 | 48 / 1 | 16 | 60 |
| 2 Beds | $1,656 | $1,525 | $1,295 – $3,900 | $2 / $2 | 922 / 880 | 52 / 1 | 15 | 75 |
| 3 Beds | $2,339 | $2,195 | $1,695 – $3,500 | $2 / $2 | 1,288 / 1,200 | 6 / 1 | 9 | 30 |
| 4 Beds | $4,447 | $2,995 | $2,795 – $8,800 | $2 / $1 | 2,089 / 2,000 | 1 / 1 | 1 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$500,000Median DOM:92New:8Total:63
Jan 2026
Median Price:$499,000Median DOM:73New:12Total:55
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:$449,900Median DOM:34New:2Total:52
6-Month Rental Trend
Dec 2025
Median Rent:$1,525Median DOM:1New:88Total:173
Jan 2026
Median Rent:$1,525Median DOM:1New:110Total:195
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:$1,525Median DOM:1New:44Total:185
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory tightened.
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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