ZIP 97008 Housing Market Report
Portland Metro
Report period: July 2026
97008 Monthly Market Update – July 2026
ZIP 97008 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$489,900
−2.0%
Median DOM (Sales)
34
+36.0%
New Listings (Sales)
11
−74.4%
Median Rent
$1,650
+0.1%
Median DOM (Rental)
1
0.0%
Total Rental Listings
170
+4.3%
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: Single Family (19 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($864,000 median)
Sales Market Overview
Median Price
$489,900
−2.0%
Median DOM
34
+36.0%
New Listings
11
−74.4%
Inventory
144
−4.0%
- Average Price: $483,391
- Median Price: $489,900
- Price Range: $85,000 – $2,595,000
- Price per Sq Ft (Avg/Median): $296 / $282
- Square Footage (Avg/Median): 1,641 / 1,460
- Square Footage Range: 576 – 10,368
- Days on Market (Avg/Median): 60 / 34
- Days on Market Range: 2 – 365
- New Listings: 11
- Total Listings: 144
Sales by Property Type
Condo
Avg/Median Price$242,771 / $249,000Range$115,000 – $399,900Price per Sq Ft$231 / $227Sq Ft1,083 / 1,016DOM75 / 58New3Total41
Land
Avg/Median Price$580,000 / $580,000Range$580,000 – $580,000Price per Sq Ft—Sq Ft—DOM134 / 134New0Total1
Manufactured
Avg/Median Price$101,633 / $94,900Range$85,000 – $125,000Price per Sq Ft$102 / $88Sq Ft1,012 / 1,032DOM189 / 149New0Total3
Multi-Family
Avg/Median Price$1,155,975 / $675,000Range$489,900 – $2,595,000Price per Sq Ft$278 / $250Sq Ft4,442 / 1,912DOM113 / 26New0Total4
Single Family
Avg/Median Price$628,210 / $599,900Range$459,950 – $999,900Price per Sq Ft$351 / $346Sq Ft1,882 / 1,714DOM44 / 19New6Total73
Townhouse
Avg/Median Price$376,664 / $369,900Range$298,000 – $500,000Price per Sq Ft$261 / $267Sq Ft1,461 / 1,427DOM52 / 36New2Total22
Sales by Bedroom Count
1 Beds
Avg:$162,886Median:$179,900Range:$115,000 – $217,500PSF:$236 / $226Sq Ft:690 / 651DOM:83 / 79New:0Total:7
2 Beds
Avg:$342,107Median:$269,000Range:$125,000 – $2,595,000PSF:$252 / $246Sq Ft:1,352 / 1,052DOM:70 / 52New:4Total:42
3 Beds
Avg:$510,809Median:$515,000Range:$85,000 – $999,900PSF:$330 / $342Sq Ft:1,577 / 1,515DOM:47 / 23New:5Total:63
4 Beds
Avg:$682,436Median:$699,000Range:$399,900 – $890,000PSF:$302 / $298Sq Ft:2,328 / 2,348DOM:61 / 36New:2Total:25
5 Beds
Avg:$683,475Median:$675,000Range:$644,900 – $739,000PSF:$291 / $267Sq Ft:2,385 / 2,532DOM:17 / 15New:0Total:4
6 Beds
Avg:$679,900Median:$679,900Range:$679,900 – $679,900PSF:$291 / $291Sq Ft:2,340 / 2,340DOM:31 / 31New:0Total:1
8 Beds
Avg:$864,000Median:$864,000Range:$864,000 – $864,000PSF:$232 / $232Sq Ft:3,722 / 3,722DOM:365 / 365New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $162,886 | $179,900 | $115,000 – $217,500 | $236 / $226 | 690 / 651 | 83 / 79 | 0 | 7 |
| 2 Beds | $342,107 | $269,000 | $125,000 – $2,595,000 | $252 / $246 | 1,352 / 1,052 | 70 / 52 | 4 | 42 |
| 3 Beds | $510,809 | $515,000 | $85,000 – $999,900 | $330 / $342 | 1,577 / 1,515 | 47 / 23 | 5 | 63 |
| 4 Beds | $682,436 | $699,000 | $399,900 – $890,000 | $302 / $298 | 2,328 / 2,348 | 61 / 36 | 2 | 25 |
| 5 Beds | $683,475 | $675,000 | $644,900 – $739,000 | $291 / $267 | 2,385 / 2,532 | 17 / 15 | 0 | 4 |
| 6 Beds | $679,900 | $679,900 | $679,900 – $679,900 | $291 / $291 | 2,340 / 2,340 | 31 / 31 | 0 | 1 |
| 8 Beds | $864,000 | $864,000 | $864,000 – $864,000 | $232 / $232 | 3,722 / 3,722 | 365 / 365 | 0 | 1 |
Rental Market Overview
Median Rent
$1,650
+0.1%
Median DOM
1
0.0%
New Listings
70
Inventory
170
+4.3%
- Average Rent: $1,766
- Median Rent: $1,650
- Rent Range: $725 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 967 / 900
- Square Footage Range: 574 – 2,600
- Days on Market (Avg/Median): 23 / 1
- Days on Market Range: 1 – 348
- New Listings: 70
- Total Listings: 170
Rentals by Property Type
Apartment
$1,620
Median DOM: 1
Inventory: 135
MoM: +0.1%
Condo
$1,849
Median DOM: 1
Inventory: 5
MoM: +0.1%
Single Family
$2,595
Median DOM: 1
Inventory: 25
MoM: +0.1%
Townhouse
$2,245
Median DOM: 1
Inventory: 4
MoM: +0.1%
Apartment
Avg/Median Rent$1,629 / $1,620Range$1,145 – $2,689Rent per Sq Ft$2 / $2Sq Ft864 / 896DOM26 / 1New55Total135
Condo
Avg/Median Rent$1,848 / $1,849Range$1,499 – $2,195Rent per Sq Ft$2 / $2Sq Ft1,044 / 960DOM11 / 1New2Total5
Multi-Family
Avg/Median Rent$1,995 / $1,995Range$1,995 – $1,995Rent per Sq Ft$2 / $2Sq Ft1,052 / 1,052DOM93 / 93New0Total1
Single Family
Avg/Median Rent$2,425 / $2,595Range$725 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,467 / 1,440DOM4 / 1New13Total25
Townhouse
Avg/Median Rent$2,121 / $2,245Range$1,500 – $2,445Rent per Sq Ft$2 / $2Sq Ft1,308 / 1,232DOM45 / 1New0Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,442Median:$1,450Range:$725 – $1,728PSF:$2 / $2Sq Ft:693 / 700DOM:45 / 1New:14Total:44
2 Beds
Avg:$1,693Median:$1,699Range:$1,195 – $2,460PSF:$2 / $2Sq Ft:931 / 910DOM:18 / 1New:47Total:98
3 Beds
Avg:$2,381Median:$2,395Range:$1,500 – $2,995PSF:$2 / $2Sq Ft:1,380 / 1,346DOM:11 / 1New:7Total:23
4 Beds
Avg:$3,210Median:$3,100Range:$2,895 – $3,500PSF:$2 / $2Sq Ft:1,959 / 1,900DOM:20 / 1New:2Total:4
6 Beds
Avg:$3,295Median:$3,295Range:$3,295 – $3,295PSF:$1 / $1Sq Ft:2,600 / 2,600DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,442 | $1,450 | $725 – $1,728 | $2 / $2 | 693 / 700 | 45 / 1 | 14 | 44 |
| 2 Beds | $1,693 | $1,699 | $1,195 – $2,460 | $2 / $2 | 931 / 910 | 18 / 1 | 47 | 98 |
| 3 Beds | $2,381 | $2,395 | $1,500 – $2,995 | $2 / $2 | 1,380 / 1,346 | 11 / 1 | 7 | 23 |
| 4 Beds | $3,210 | $3,100 | $2,895 – $3,500 | $2 / $2 | 1,959 / 1,900 | 20 / 1 | 2 | 4 |
| 6 Beds | $3,295 | $3,295 | $3,295 – $3,295 | $1 / $1 | 2,600 / 2,600 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Feb 2026
Median Price:$530,000Median DOM:43New:25Total:83
Mar 2026
Median Price:$519,995Median DOM:32New:28Total:94
Apr 2026
Median Price:$500,000Median DOM:36New:35Total:112
May 2026
Median Price:$500,000Median DOM:25New:44Total:132
Jun 2026
Median Price:$499,900Median DOM:25New:43Total:150
Jul 2026
Median Price:$489,900Median DOM:34New:11Total:144
6-Month Rental Trend
Feb 2026
Median Rent:$1,675Median DOM:1New:77Total:151
Mar 2026
Median Rent:$1,695Median DOM:1New:77Total:147
Apr 2026
Median Rent:$1,675Median DOM:1New:78Total:155
May 2026
Median Rent:$1,699Median DOM:1New:85Total:162
Jun 2026
Median Rent:$1,649Median DOM:1New:92Total:163
Jul 2026
Median Rent:$1,650Median DOM:1New:70Total:170
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.
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