ZIP 97007 Housing Market Report
Portland Metro
Report period: August 2026
97007 Monthly Market Update – August 2026
ZIP 97007 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$609,000
−0.1%
Median DOM (Sales)
38
0.0%
New Listings (Sales)
20
−83.5%
Median Rent
$2,028
+2.7%
Median DOM (Rental)
1
0.0%
Total Rental Listings
269
−1.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (20 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($870,000 median)
Sales Market Overview
Median Price
$609,000
−0.1%
Median DOM
38
0.0%
New Listings
20
−83.5%
Inventory
426
+0.9%
- Average Price: $629,491
- Median Price: $609,000
- Price Range: $88,000 – $5,995,000
- Price per Sq Ft (Avg/Median): $293 / $288
- Square Footage (Avg/Median): 2,151 / 1,970
- Square Footage Range: 645 – 6,867
- Days on Market (Avg/Median): 59 / 38
- Days on Market Range: 1 – 353
- New Listings: 20
- Total Listings: 426
Sales by Property Type
Condo
Avg/Median Price$310,227 / $299,900Range$199,000 – $445,000Price per Sq Ft$295 / $294Sq Ft1,076 / 1,035DOM72 / 46New4Total69
Land
Avg/Median Price$1,117,612 / $365,000Range$175,000 – $2,900,000Price per Sq Ft—Sq Ft—DOM194 / 123New0Total8
Manufactured
Avg/Median Price$118,599 / $118,000Range$88,000 – $145,000Price per Sq Ft$107 / $108Sq Ft1,172 / 1,185DOM55 / 49New1Total5
Multi-Family
Avg/Median Price$574,990 / $574,990Range$574,990 – $574,990Price per Sq Ft$366 / $366Sq Ft1,569 / 1,569DOM20 / 20New0Total1
Single Family
Avg/Median Price$740,047 / $674,500Range$379,000 – $5,995,000Price per Sq Ft$300 / $290Sq Ft2,531 / 2,350DOM51 / 34New14Total281
Townhouse
Avg/Median Price$462,832 / $450,000Range$310,000 – $629,000Price per Sq Ft$275 / $277Sq Ft1,716 / 1,666DOM69 / 43New1Total62
Sales by Bedroom Count
1 Beds
Avg:$238,077Median:$240,000Range:$199,000 – $273,200PSF:$341 / $336Sq Ft:702 / 676DOM:106 / 93New:0Total:13
2 Beds
Avg:$334,730Median:$315,000Range:$88,000 – $875,000PSF:$294 / $287Sq Ft:1,180 / 1,078DOM:64 / 52New:5Total:62
3 Beds
Avg:$538,568Median:$529,900Range:$99,995 – $1,150,000PSF:$304 / $309Sq Ft:1,792 / 1,724DOM:52 / 31New:6Total:147
4 Beds
Avg:$760,222Median:$679,900Range:$499,500 – $5,995,000PSF:$289 / $279Sq Ft:2,609 / 2,438DOM:57 / 36New:6Total:141
5 Beds
Avg:$890,905Median:$829,950Range:$485,000 – $2,490,000PSF:$266 / $261Sq Ft:3,342 / 3,118DOM:50 / 37New:3Total:49
6 Beds
Avg:$907,800Median:$870,000Range:$625,000 – $1,449,000PSF:$231 / $235Sq Ft:3,913 / 3,960DOM:50 / 24New:0Total:5
7 Beds
Avg:$820,000Median:$820,000Range:$820,000 – $820,000PSF:$368 / $368Sq Ft:2,229 / 2,229DOM:7 / 7New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $238,077 | $240,000 | $199,000 – $273,200 | $341 / $336 | 702 / 676 | 106 / 93 | 0 | 13 |
| 2 Beds | $334,730 | $315,000 | $88,000 – $875,000 | $294 / $287 | 1,180 / 1,078 | 64 / 52 | 5 | 62 |
| 3 Beds | $538,568 | $529,900 | $99,995 – $1,150,000 | $304 / $309 | 1,792 / 1,724 | 52 / 31 | 6 | 147 |
| 4 Beds | $760,222 | $679,900 | $499,500 – $5,995,000 | $289 / $279 | 2,609 / 2,438 | 57 / 36 | 6 | 141 |
| 5 Beds | $890,905 | $829,950 | $485,000 – $2,490,000 | $266 / $261 | 3,342 / 3,118 | 50 / 37 | 3 | 49 |
| 6 Beds | $907,800 | $870,000 | $625,000 – $1,449,000 | $231 / $235 | 3,913 / 3,960 | 50 / 24 | 0 | 5 |
| 7 Beds | $820,000 | $820,000 | $820,000 – $820,000 | $368 / $368 | 2,229 / 2,229 | 7 / 7 | 0 | 1 |
Rental Market Overview
Median Rent
$2,028
+2.7%
Median DOM
1
0.0%
New Listings
86
Inventory
269
−1.1%
- Average Rent: $2,215
- Median Rent: $2,028
- Rent Range: $1,334 – $8,250
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,124 / 952
- Square Footage Range: 460 – 3,818
- Days on Market (Avg/Median): 26 / 1
- Days on Market Range: 1 – 329
- New Listings: 86
- Total Listings: 269
Rentals by Property Type
Apartment
$1,835
Median DOM: 1
Inventory: 191
MoM: +2.7%
Condo
$1,825
Median DOM: 1
Inventory: 4
MoM: +2.7%
Single Family
$2,845
Median DOM: 1
Inventory: 60
MoM: +2.7%
Townhouse
$2,250
Median DOM: 1
Inventory: 14
MoM: +2.7%
Apartment
Avg/Median Rent$1,973 / $1,835Range$1,334 – $3,953Rent per Sq Ft$2 / $2Sq Ft853 / 871DOM28 / 1New61Total191
Condo
Avg/Median Rent$2,004 / $1,825Range$1,348 – $2,550Rent per Sq Ft$2 / $2Sq Ft1,196 / 1,142DOM3 / 1New2Total4
Single Family
Avg/Median Rent$2,989 / $2,845Range$1,595 – $8,250Rent per Sq Ft$2 / $2Sq Ft1,942 / 1,942DOM18 / 1New22Total60
Townhouse
Avg/Median Rent$2,256 / $2,250Range$1,500 – $2,750Rent per Sq Ft$2 / $2Sq Ft1,382 / 1,456DOM28 / 1New1Total14
Rentals by Bedroom Count
Studio
Avg:$1,701Median:$1,491Range:$1,446 – $2,695PSF:$3 / $3Sq Ft:460 / 460DOM:33 / 1New:2Total:6
1 Beds
Avg:$1,729Median:$1,600Range:$1,334 – $3,395PSF:$3 / $2Sq Ft:687 / 685DOM:39 / 1New:28Total:91
2 Beds
Avg:$2,171Median:$2,101Range:$1,531 – $3,207PSF:$2 / $2Sq Ft:1,036 / 987DOM:17 / 1New:32Total:103
3 Beds
Avg:$2,570Median:$2,550Range:$1,348 – $3,953PSF:$2 / $2Sq Ft:1,521 / 1,475DOM:17 / 1New:15Total:41
4 Beds
Avg:$3,517Median:$3,300Range:$2,800 – $8,250PSF:$2 / $1Sq Ft:2,306 / 2,272DOM:32 / 1New:6Total:22
5 Beds
Avg:$3,661Median:$3,495Range:$2,925 – $4,499PSF:$1 / $1Sq Ft:2,704 / 2,540DOM:9 / 1New:3Total:5
6 Beds
Avg:$3,585Median:$3,585Range:$3,585 – $3,585PSF:$1 / $1Sq Ft:3,085 / 3,085DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,701 | $1,491 | $1,446 – $2,695 | $3 / $3 | 460 / 460 | 33 / 1 | 2 | 6 |
| 1 Beds | $1,729 | $1,600 | $1,334 – $3,395 | $3 / $2 | 687 / 685 | 39 / 1 | 28 | 91 |
| 2 Beds | $2,171 | $2,101 | $1,531 – $3,207 | $2 / $2 | 1,036 / 987 | 17 / 1 | 32 | 103 |
| 3 Beds | $2,570 | $2,550 | $1,348 – $3,953 | $2 / $2 | 1,521 / 1,475 | 17 / 1 | 15 | 41 |
| 4 Beds | $3,517 | $3,300 | $2,800 – $8,250 | $2 / $1 | 2,306 / 2,272 | 32 / 1 | 6 | 22 |
| 5 Beds | $3,661 | $3,495 | $2,925 – $4,499 | $1 / $1 | 2,704 / 2,540 | 9 / 1 | 3 | 5 |
| 6 Beds | $3,585 | $3,585 | $3,585 – $3,585 | $1 / $1 | 3,085 / 3,085 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$622,999Median DOM:32New:102Total:346
Apr 2026
Median Price:$635,000Median DOM:29New:123Total:372
May 2026
Median Price:$635,000Median DOM:37New:113Total:391
Jun 2026
Median Price:$620,000Median DOM:40New:107Total:399
Jul 2026
Median Price:$609,900Median DOM:38New:121Total:422
Aug 2026
Median Price:$609,000Median DOM:38New:20Total:426
6-Month Rental Trend
Mar 2026
Median Rent:$1,781Median DOM:1New:156Total:303
Apr 2026
Median Rent:$1,808Median DOM:1New:148Total:304
May 2026
Median Rent:$1,801Median DOM:1New:149Total:291
Jun 2026
Median Rent:$1,896Median DOM:1New:163Total:300
Jul 2026
Median Rent:$1,975Median DOM:1New:130Total:272
Aug 2026
Median Rent:$2,028Median DOM:1New:86Total:269
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing increased, 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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