ZIP 97007 Housing Market Report
Portland Metro
Report period: May 2026
97007 Monthly Market Update – May 2026
ZIP 97007 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$630,000
−0.8%
Median DOM (Sales)
32
+10.3%
New Listings (Sales)
37
−69.9%
Median Rent
$1,797
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
290
−4.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (25 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($878,000 median)
Sales Market Overview
Median Price
$630,000
−0.8%
Median DOM
32
+10.3%
New Listings
37
−69.9%
Inventory
380
+2.2%
- Average Price: $622,383
- Median Price: $630,000
- Price Range: $95,000 – $2,900,000
- Price per Sq Ft (Avg/Median): $296 / $288
- Square Footage (Avg/Median): 2,159 / 2,014
- Square Footage Range: 645 – 6,867
- Days on Market (Avg/Median): 57 / 32
- Days on Market Range: 1 – 347
- New Listings: 37
- Total Listings: 380
Sales by Property Type
Condo
Avg/Median Price$319,735 / $319,000Range$208,800 – $469,000Price per Sq Ft$305 / $303Sq Ft1,082 / 1,035DOM68 / 46New4Total55
Land
Avg/Median Price$874,590 / $275,000Range$175,000 – $2,900,000Price per Sq Ft—Sq Ft—DOM174 / 192New0Total10
Manufactured
Avg/Median Price$131,377 / $119,995Range$95,000 – $187,000Price per Sq Ft$100 / $101Sq Ft1,315 / 1,364DOM108 / 90New0Total5
Multi-Family
Avg/Median Price$647,660 / $574,990Range$489,990 – $878,000Price per Sq Ft$323 / $323Sq Ft2,080 / 1,569DOM23 / 33New1Total3
Single Family
Avg/Median Price$722,527 / $679,900Range$400,000 – $2,745,000Price per Sq Ft$299 / $286Sq Ft2,523 / 2,341DOM44 / 25New29Total253
Townhouse
Avg/Median Price$458,802 / $459,990Range$309,000 – $649,000Price per Sq Ft$288 / $286Sq Ft1,632 / 1,610DOM80 / 59New3Total54
Sales by Bedroom Count
1 Beds
Avg:$247,417Median:$245,000Range:$208,800 – $278,800PSF:$338 / $321Sq Ft:738 / 753DOM:53 / 42New:1Total:14
2 Beds
Avg:$357,782Median:$348,000Range:$119,900 – $995,000PSF:$328 / $302Sq Ft:1,140 / 1,092DOM:67 / 40New:5Total:51
3 Beds
Avg:$551,504Median:$529,900Range:$119,995 – $950,000PSF:$308 / $304Sq Ft:1,813 / 1,747DOM:53 / 32New:9Total:126
4 Beds
Avg:$721,406Median:$690,000Range:$95,000 – $2,745,000PSF:$281 / $281Sq Ft:2,596 / 2,438DOM:47 / 25New:15Total:127
5 Beds
Avg:$857,169Median:$789,000Range:$485,000 – $2,490,000PSF:$261 / $256Sq Ft:3,269 / 3,018DOM:61 / 38New:6Total:47
6 Beds
Avg:$972,250Median:$878,000Range:$645,000 – $1,449,000PSF:$238 / $229Sq Ft:4,066 / 3,253DOM:40 / 6New:1Total:4
7 Beds
Avg:$765,000Median:$765,000Range:$765,000 – $765,000PSF:$353 / $353Sq Ft:2,169 / 2,169DOM:17 / 17New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $247,417 | $245,000 | $208,800 – $278,800 | $338 / $321 | 738 / 753 | 53 / 42 | 1 | 14 |
| 2 Beds | $357,782 | $348,000 | $119,900 – $995,000 | $328 / $302 | 1,140 / 1,092 | 67 / 40 | 5 | 51 |
| 3 Beds | $551,504 | $529,900 | $119,995 – $950,000 | $308 / $304 | 1,813 / 1,747 | 53 / 32 | 9 | 126 |
| 4 Beds | $721,406 | $690,000 | $95,000 – $2,745,000 | $281 / $281 | 2,596 / 2,438 | 47 / 25 | 15 | 127 |
| 5 Beds | $857,169 | $789,000 | $485,000 – $2,490,000 | $261 / $256 | 3,269 / 3,018 | 61 / 38 | 6 | 47 |
| 6 Beds | $972,250 | $878,000 | $645,000 – $1,449,000 | $238 / $229 | 4,066 / 3,253 | 40 / 6 | 1 | 4 |
| 7 Beds | $765,000 | $765,000 | $765,000 – $765,000 | $353 / $353 | 2,169 / 2,169 | 17 / 17 | 0 | 1 |
Rental Market Overview
Median Rent
$1,797
−0.6%
Median DOM
1
0.0%
New Listings
95
Inventory
290
−4.6%
- Average Rent: $2,000
- Median Rent: $1,797
- Rent Range: $900 – $6,800
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,089 / 952
- Square Footage Range: 460 – 3,521
- Days on Market (Avg/Median): 32 / 1
- Days on Market Range: 1 – 357
- New Listings: 95
- Total Listings: 290
Rentals by Property Type
Apartment
$1,690
Median DOM: 1
Inventory: 211
MoM: −0.6%
Condo
$1,675
Median DOM: 1
Inventory: 10
MoM: −0.6%
Single Family
$2,895
Median DOM: 1
Inventory: 56
MoM: −0.6%
Townhouse
$2,204
Median DOM: 1
Inventory: 12
MoM: −0.6%
Apartment
Avg/Median Rent$1,756 / $1,690Range$1,330 – $3,400Rent per Sq Ft$2 / $2Sq Ft862 / 871DOM37 / 1New62Total211
Condo
Avg/Median Rent$1,737 / $1,675Range$1,375 – $2,200Rent per Sq Ft$2 / $2Sq Ft947 / 900DOM47 / 1New3Total10
Multi-Family
Avg/Median Rent$2,385 / $2,385Range$2,385 – $2,385Rent per Sq Ft$2 / $2Sq Ft1,242 / 1,242DOM14 / 14New0Total1
Single Family
Avg/Median Rent$2,891 / $2,895Range$900 – $6,800Rent per Sq Ft$2 / $2Sq Ft1,921 / 1,991DOM14 / 1New25Total56
Townhouse
Avg/Median Rent$2,319 / $2,204Range$1,995 – $2,800Rent per Sq Ft$2 / $2Sq Ft1,381 / 1,349DOM35 / 1New5Total12
Rentals by Bedroom Count
Studio
Avg:$1,541Median:$1,541Range:$1,541 – $1,541PSF:$3 / $3Sq Ft:460 / 460DOM:1 / 1New:1Total:1
1 Beds
Avg:$1,584Median:$1,505Range:$1,330 – $2,101PSF:$2 / $2Sq Ft:691 / 685DOM:38 / 1New:32Total:107
2 Beds
Avg:$1,899Median:$1,882Range:$1,436 – $2,927PSF:$2 / $2Sq Ft:1,025 / 987DOM:38 / 1New:37Total:118
3 Beds
Avg:$2,523Median:$2,429Range:$900 – $3,800PSF:$2 / $2Sq Ft:1,557 / 1,428DOM:17 / 1New:11Total:38
4 Beds
Avg:$3,382Median:$3,245Range:$2,699 – $6,800PSF:$2 / $1Sq Ft:2,282 / 2,200DOM:12 / 1New:12Total:22
5 Beds
Avg:$3,660Median:$3,445Range:$3,349 – $4,295PSF:$1 / $1Sq Ft:2,914 / 2,774DOM:1 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,541 | $1,541 | $1,541 – $1,541 | $3 / $3 | 460 / 460 | 1 / 1 | 1 | 1 |
| 1 Beds | $1,584 | $1,505 | $1,330 – $2,101 | $2 / $2 | 691 / 685 | 38 / 1 | 32 | 107 |
| 2 Beds | $1,899 | $1,882 | $1,436 – $2,927 | $2 / $2 | 1,025 / 987 | 38 / 1 | 37 | 118 |
| 3 Beds | $2,523 | $2,429 | $900 – $3,800 | $2 / $2 | 1,557 / 1,428 | 17 / 1 | 11 | 38 |
| 4 Beds | $3,382 | $3,245 | $2,699 – $6,800 | $2 / $1 | 2,282 / 2,200 | 12 / 1 | 12 | 22 |
| 5 Beds | $3,660 | $3,445 | $3,349 – $4,295 | $1 / $1 | 2,914 / 2,774 | 1 / 1 | 2 | 4 |
6-Month Sales Trend
Dec 2025
Median Price:$639,000Median DOM:54New:50Total:338
Jan 2026
Median Price:$624,990Median DOM:49New:94Total:316
Feb 2026
Median Price:$625,000Median DOM:39New:85Total:319
Mar 2026
Median Price:$622,999Median DOM:32New:102Total:346
Apr 2026
Median Price:$635,000Median DOM:29New:123Total:372
May 2026
Median Price:$630,000Median DOM:32New:37Total:380
6-Month Rental Trend
Dec 2025
Median Rent:$1,846Median DOM:1New:147Total:235
Jan 2026
Median Rent:$1,768Median DOM:1New:166Total:273
Feb 2026
Median Rent:$1,772Median DOM:1New:160Total:315
Mar 2026
Median Rent:$1,781Median DOM:1New:156Total:303
Apr 2026
Median Rent:$1,808Median DOM:1New:148Total:304
May 2026
Median Rent:$1,797Median DOM:1New:95Total:290
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, 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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