ZIP 97008 Housing Market Report
Portland Metro
Report period: May 2026
97008 Monthly Market Update – May 2026
ZIP 97008 · Last updated May 10, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$499,000
−0.2%
Median DOM (Sales)
29
−19.4%
New Listings (Sales)
17
−51.4%
Median Rent
$1,675
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
156
+0.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (2 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($864,000 median)
Sales Market Overview
Median Price
$499,000
−0.2%
Median DOM
29
−19.4%
New Listings
17
−51.4%
Inventory
124
+10.7%
- Average Price: $471,986
- Median Price: $499,000
- Price Range: $94,900 – $999,900
- Price per Sq Ft (Avg/Median): $290 / $284
- Square Footage (Avg/Median): 1,612 / 1,480
- Square Footage Range: 576 – 3,722
- Days on Market (Avg/Median): 57 / 29
- Days on Market Range: 1 – 344
- New Listings: 17
- Total Listings: 124
Sales by Property Type
Condo
Avg/Median Price$264,173 / $250,000Range$149,900 – $579,000Price per Sq Ft$239 / $230Sq Ft1,140 / 1,016DOM71 / 38New4Total37
Land
Avg/Median Price$776,633 / $750,000Range$580,000 – $999,900Price per Sq Ft—Sq Ft—DOM63 / 53New0Total3
Manufactured
Avg/Median Price$109,950 / $94,900Range$94,900 – $125,000Price per Sq Ft$112 / $88Sq Ft1,002 / 924DOM227 / 146New0Total2
Multi-Family
Avg/Median Price$676,950 / $489,900Range$489,900 – $864,000Price per Sq Ft$255 / $232Sq Ft2,745 / 1,768DOM153 / 2New1Total2
Single Family
Avg/Median Price$615,442 / $595,000Range$349,900 – $950,000Price per Sq Ft$332 / $332Sq Ft1,938 / 1,758DOM47 / 11New8Total61
Townhouse
Avg/Median Price$384,537 / $389,900Range$292,500 – $500,000Price per Sq Ft$275 / $267Sq Ft1,428 / 1,425DOM33 / 17New4Total19
Sales by Bedroom Count
1 Beds
Avg:$191,080Median:$199,000Range:$149,900 – $217,500PSF:$264 / $260Sq Ft:736 / 726DOM:61 / 31New:0Total:5
2 Beds
Avg:$285,088Median:$260,000Range:$125,000 – $460,000PSF:$256 / $246Sq Ft:1,112 / 1,023DOM:68 / 35New:4Total:34
3 Beds
Avg:$497,040Median:$519,995Range:$94,900 – $950,000PSF:$318 / $324Sq Ft:1,573 / 1,544DOM:45 / 10New:8Total:54
4 Beds
Avg:$656,257Median:$650,000Range:$425,000 – $900,000PSF:$290 / $284Sq Ft:2,311 / 2,284DOM:63 / 40New:3Total:23
5 Beds
Avg:$724,967Median:$719,900Range:$695,000 – $760,000PSF:$272 / $274Sq Ft:2,677 / 2,560DOM:14 / 3New:2Total:3
7 Beds
Avg:$575,000Median:$575,000Range:$575,000 – $575,000PSF:$155 / $155Sq Ft:3,702 / 3,702DOM:6 / 6New:0Total:1
8 Beds
Avg:$864,000Median:$864,000Range:$864,000 – $864,000PSF:$232 / $232Sq Ft:3,722 / 3,722DOM:303 / 303New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $191,080 | $199,000 | $149,900 – $217,500 | $264 / $260 | 736 / 726 | 61 / 31 | 0 | 5 |
| 2 Beds | $285,088 | $260,000 | $125,000 – $460,000 | $256 / $246 | 1,112 / 1,023 | 68 / 35 | 4 | 34 |
| 3 Beds | $497,040 | $519,995 | $94,900 – $950,000 | $318 / $324 | 1,573 / 1,544 | 45 / 10 | 8 | 54 |
| 4 Beds | $656,257 | $650,000 | $425,000 – $900,000 | $290 / $284 | 2,311 / 2,284 | 63 / 40 | 3 | 23 |
| 5 Beds | $724,967 | $719,900 | $695,000 – $760,000 | $272 / $274 | 2,677 / 2,560 | 14 / 3 | 2 | 3 |
| 7 Beds | $575,000 | $575,000 | $575,000 – $575,000 | $155 / $155 | 3,702 / 3,702 | 6 / 6 | 0 | 1 |
| 8 Beds | $864,000 | $864,000 | $864,000 – $864,000 | $232 / $232 | 3,722 / 3,722 | 303 / 303 | 0 | 1 |
Rental Market Overview
Median Rent
$1,675
0.0%
Median DOM
1
0.0%
New Listings
44
Inventory
156
+0.6%
- Average Rent: $1,778
- Median Rent: $1,675
- Rent Range: $825 – $3,399
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 985 / 910
- Square Footage Range: 500 – 3,200
- Days on Market (Avg/Median): 26 / 1
- Days on Market Range: 1 – 362
- New Listings: 44
- Total Listings: 156
Rentals by Property Type
Apartment
$1,629
Median DOM: 1
Inventory: 120
MoM: 0.0%
Condo
$1,599
Median DOM: 1
Inventory: 7
MoM: 0.0%
Single Family
$2,695
Median DOM: 1
Inventory: 22
MoM: 0.0%
Townhouse
$2,099
Median DOM: 1
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,614 / $1,629Range$1,095 – $2,050Rent per Sq Ft$2 / $2Sq Ft861 / 896DOM30 / 1New33Total120
Condo
Avg/Median Rent$1,652 / $1,599Range$1,375 – $2,145Rent per Sq Ft$2 / $2Sq Ft889 / 950DOM7 / 1New1Total7
Multi-Family
Avg/Median Rent$2,100 / $2,100Range$2,100 – $2,100Rent per Sq Ft$2 / $2Sq Ft1,052 / 1,052DOM31 / 31New0Total1
Single Family
Avg/Median Rent$2,620 / $2,695Range$825 – $3,399Rent per Sq Ft$2 / $2Sq Ft1,679 / 1,645DOM4 / 1New9Total22
Townhouse
Avg/Median Rent$2,063 / $2,099Range$1,445 – $2,695Rent per Sq Ft$2 / $2Sq Ft1,097 / 990DOM39 / 1New1Total6
Rentals by Bedroom Count
Studio
Avg:$1,248Median:$1,095Range:$1,095 – $1,400PSF:$2 / $2Sq Ft:500 / 500DOM:54 / 47New:0Total:2
1 Beds
Avg:$1,454Median:$1,425Range:$825 – $1,737PSF:$2 / $2Sq Ft:704 / 700DOM:25 / 1New:6Total:38
2 Beds
Avg:$1,682Median:$1,695Range:$1,195 – $2,200PSF:$2 / $2Sq Ft:923 / 910DOM:27 / 1New:28Total:89
3 Beds
Avg:$2,473Median:$2,600Range:$1,795 – $3,195PSF:$2 / $2Sq Ft:1,404 / 1,434DOM:22 / 1New:8Total:23
4 Beds
Avg:$3,399Median:$3,399Range:$3,399 – $3,399PSF:$1 / $1Sq Ft:3,200 / 3,200DOM:1 / 1New:0Total:1
5 Beds
Avg:$3,172Median:$3,095Range:$3,095 – $3,250PSF:$1 / $1Sq Ft:2,316 / 2,224DOM:1 / 1New:1Total:2
6 Beds
Avg:$3,295Median:$3,295Range:$3,295 – $3,295PSF:$1 / $1Sq Ft:2,600 / 2,600DOM:1 / 1New:1Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,248 | $1,095 | $1,095 – $1,400 | $2 / $2 | 500 / 500 | 54 / 47 | 0 | 2 |
| 1 Beds | $1,454 | $1,425 | $825 – $1,737 | $2 / $2 | 704 / 700 | 25 / 1 | 6 | 38 |
| 2 Beds | $1,682 | $1,695 | $1,195 – $2,200 | $2 / $2 | 923 / 910 | 27 / 1 | 28 | 89 |
| 3 Beds | $2,473 | $2,600 | $1,795 – $3,195 | $2 / $2 | 1,404 / 1,434 | 22 / 1 | 8 | 23 |
| 4 Beds | $3,399 | $3,399 | $3,399 – $3,399 | $1 / $1 | 3,200 / 3,200 | 1 / 1 | 0 | 1 |
| 5 Beds | $3,172 | $3,095 | $3,095 – $3,250 | $1 / $1 | 2,316 / 2,224 | 1 / 1 | 1 | 2 |
| 6 Beds | $3,295 | $3,295 | $3,295 – $3,295 | $1 / $1 | 2,600 / 2,600 | 1 / 1 | 1 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$560,000Median DOM:97New:7Total:69
Jan 2026
Median Price:$559,900Median DOM:80New:19Total:68
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:$499,000Median DOM:29New:17Total:124
6-Month Rental Trend
Dec 2025
Median Rent:$1,650Median DOM:1New:70Total:111
Jan 2026
Median Rent:$1,650Median DOM:1New:78Total:129
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:$1,675Median DOM:1New:44Total:156
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, 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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