ZIP 97006 Housing Market Report
Portland Metro
Report period: May 2026
97006 Monthly Market Update – May 2026
ZIP 97006 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$374,000
+4.2%
Median DOM (Sales)
43
−8.5%
New Listings (Sales)
22
−62.7%
Median Rent
$1,822
−1.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
368
+8.6%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (4 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($895,000 median)
Sales Market Overview
Median Price
$374,000
+4.2%
Median DOM
43
−8.5%
New Listings
22
−62.7%
Inventory
238
+6.7%
- Average Price: $428,873
- Median Price: $374,000
- Price Range: $50,000 – $1,175,000
- Price per Sq Ft (Avg/Median): $257 / $269
- Square Footage (Avg/Median): 1,634 / 1,525
- Square Footage Range: 702 – 4,396
- Days on Market (Avg/Median): 76 / 43
- Days on Market Range: 2 – 353
- New Listings: 22
- Total Listings: 238
Sales by Property Type
Condo
Avg/Median Price$303,387 / $299,900Range$160,000 – $699,900Price per Sq Ft$256 / $257Sq Ft1,213 / 1,120DOM111 / 74New4Total76
Manufactured
Avg/Median Price$161,366 / $145,000Range$50,000 – $469,500Price per Sq Ft$116 / $112Sq Ft1,385 / 1,344DOM117 / 95New2Total44
Multi-Family
Avg/Median Price$625,000 / $625,000Range$625,000 – $625,000Price per Sq Ft$330 / $330Sq Ft1,896 / 1,896DOM4 / 4New0Total1
Single Family
Avg/Median Price$673,215 / $639,000Range$425,000 – $1,175,000Price per Sq Ft$326 / $316Sq Ft2,136 / 1,958DOM37 / 17New14Total90
Townhouse
Avg/Median Price$396,294 / $379,000Range$299,000 – $525,000Price per Sq Ft$258 / $258Sq Ft1,545 / 1,505DOM47 / 25New2Total27
Sales by Bedroom Count
1 Beds
Avg:$337,500Median:$250,000Range:$250,000 – $425,000PSF:$446 / $337Sq Ft:754 / 742DOM:22 / 19New:0Total:2
2 Beds
Avg:$273,573Median:$279,000Range:$79,900 – $489,950PSF:$237 / $255Sq Ft:1,184 / 1,152DOM:101 / 67New:5Total:84
3 Beds
Avg:$417,410Median:$400,000Range:$50,000 – $1,070,000PSF:$255 / $263Sq Ft:1,614 / 1,566DOM:70 / 40New:10Total:98
4 Beds
Avg:$637,522Median:$679,900Range:$95,000 – $1,175,000PSF:$284 / $299Sq Ft:2,212 / 2,210DOM:55 / 25New:5Total:41
5 Beds
Avg:$896,021Median:$895,000Range:$625,000 – $1,175,000PSF:$298 / $292Sq Ft:3,063 / 2,958DOM:35 / 10New:2Total:12
6 Beds
Avg:$619,900Median:$619,900Range:$619,900 – $619,900PSF:$255 / $255Sq Ft:2,428 / 2,428DOM:32 / 32New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $337,500 | $250,000 | $250,000 – $425,000 | $446 / $337 | 754 / 742 | 22 / 19 | 0 | 2 |
| 2 Beds | $273,573 | $279,000 | $79,900 – $489,950 | $237 / $255 | 1,184 / 1,152 | 101 / 67 | 5 | 84 |
| 3 Beds | $417,410 | $400,000 | $50,000 – $1,070,000 | $255 / $263 | 1,614 / 1,566 | 70 / 40 | 10 | 98 |
| 4 Beds | $637,522 | $679,900 | $95,000 – $1,175,000 | $284 / $299 | 2,212 / 2,210 | 55 / 25 | 5 | 41 |
| 5 Beds | $896,021 | $895,000 | $625,000 – $1,175,000 | $298 / $292 | 3,063 / 2,958 | 35 / 10 | 2 | 12 |
| 6 Beds | $619,900 | $619,900 | $619,900 – $619,900 | $255 / $255 | 2,428 / 2,428 | 32 / 32 | 0 | 1 |
Rental Market Overview
Median Rent
$1,822
−1.1%
Median DOM
1
0.0%
New Listings
186
Inventory
368
+8.6%
- Average Rent: $1,943
- Median Rent: $1,822
- Rent Range: $1,100 – $6,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,069 / 1,011
- Square Footage Range: 270 – 2,889
- Days on Market (Avg/Median): 16 / 1
- Days on Market Range: 1 – 353
- New Listings: 186
- Total Listings: 368
Rentals by Property Type
Apartment
$1,690
Median DOM: 1
Inventory: 242
MoM: −1.1%
Condo
$1,550
Median DOM: 1
Inventory: 28
MoM: −1.1%
Single Family
$2,495
Median DOM: 1
Inventory: 83
MoM: −1.1%
Townhouse
$2,250
Median DOM: 1
Inventory: 15
MoM: −1.1%
Apartment
Avg/Median Rent$1,759 / $1,690Range$1,265 – $4,996Rent per Sq Ft$2 / $2Sq Ft893 / 850DOM20 / 1New134Total242
Condo
Avg/Median Rent$1,729 / $1,550Range$1,195 – $2,995Rent per Sq Ft$2 / $2Sq Ft956 / 855DOM19 / 1New8Total28
Single Family
Avg/Median Rent$2,503 / $2,495Range$1,295 – $6,500Rent per Sq Ft$2 / $2Sq Ft1,561 / 1,499DOM6 / 1New39Total83
Townhouse
Avg/Median Rent$2,211 / $2,250Range$1,100 – $2,595Rent per Sq Ft$2 / $2Sq Ft1,417 / 1,459DOM7 / 1New5Total15
Rentals by Bedroom Count
Studio
Avg:$1,653Median:$1,499Range:$1,265 – $2,411PSF:$4 / $3Sq Ft:469 / 498DOM:38 / 1New:3Total:10
1 Beds
Avg:$1,548Median:$1,569Range:$1,100 – $1,971PSF:$2 / $2Sq Ft:724 / 700DOM:19 / 1New:58Total:108
2 Beds
Avg:$1,847Median:$1,855Range:$1,344 – $2,995PSF:$2 / $2Sq Ft:1,040 / 1,045DOM:15 / 1New:83Total:154
3 Beds
Avg:$2,467Median:$2,409Range:$1,695 – $6,500PSF:$2 / $2Sq Ft:1,458 / 1,460DOM:12 / 1New:36Total:79
4 Beds
Avg:$3,031Median:$2,895Range:$2,530 – $4,995PSF:$1 / $2Sq Ft:2,104 / 2,213DOM:17 / 1New:5Total:16
5 Beds
Avg:$3,399Median:$3,399Range:$3,399 – $3,399PSF:$1 / $1Sq Ft:2,750 / 2,750DOM:2 / 2New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,653 | $1,499 | $1,265 – $2,411 | $4 / $3 | 469 / 498 | 38 / 1 | 3 | 10 |
| 1 Beds | $1,548 | $1,569 | $1,100 – $1,971 | $2 / $2 | 724 / 700 | 19 / 1 | 58 | 108 |
| 2 Beds | $1,847 | $1,855 | $1,344 – $2,995 | $2 / $2 | 1,040 / 1,045 | 15 / 1 | 83 | 154 |
| 3 Beds | $2,467 | $2,409 | $1,695 – $6,500 | $2 / $2 | 1,458 / 1,460 | 12 / 1 | 36 | 79 |
| 4 Beds | $3,031 | $2,895 | $2,530 – $4,995 | $1 / $2 | 2,104 / 2,213 | 17 / 1 | 5 | 16 |
| 5 Beds | $3,399 | $3,399 | $3,399 – $3,399 | $1 / $1 | 2,750 / 2,750 | 2 / 2 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$357,000Median DOM:76New:26Total:188
Jan 2026
Median Price:$349,000Median DOM:78New:32Total:171
Feb 2026
Median Price:$339,000Median DOM:63New:45Total:186
Mar 2026
Median Price:$349,000Median DOM:51New:44Total:202
Apr 2026
Median Price:$359,000Median DOM:47New:59Total:223
May 2026
Median Price:$374,000Median DOM:43New:22Total:238
6-Month Rental Trend
Dec 2025
Median Rent:$1,804Median DOM:1New:119Total:227
Jan 2026
Median Rent:$1,822Median DOM:1New:126Total:232
Feb 2026
Median Rent:$1,850Median DOM:1New:124Total:235
Mar 2026
Median Rent:$1,850Median DOM:1New:188Total:305
Apr 2026
Median Rent:$1,842Median DOM:1New:204Total:339
May 2026
Median Rent:$1,822Median DOM:1New:186Total:368
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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