ZIP 97008 Housing Market Report
Portland Metro
Report period: August 2026
97008 Monthly Market Update – August 2026
ZIP 97008 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$495,000
−0.8%
Median DOM (Sales)
45
+9.8%
New Listings (Sales)
11
−60.7%
Median Rent
$1,650
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
229
+11.2%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (9 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 8 Beds ($844,000 median)
Sales Market Overview
Median Price
$495,000
−0.8%
Median DOM
45
+9.8%
New Listings
11
−60.7%
Inventory
136
−2.9%
- Average Price: $487,636
- Median Price: $495,000
- Price Range: $85,000 – $2,595,000
- Price per Sq Ft (Avg/Median): $289 / $273
- Square Footage (Avg/Median): 1,691 / 1,466
- Square Footage Range: 576 – 10,368
- Days on Market (Avg/Median): 64 / 45
- Days on Market Range: 2 – 363
- New Listings: 11
- Total Listings: 136
Sales by Property Type
Condo
Avg/Median Price$244,228 / $249,000Range$115,000 – $399,900Price per Sq Ft$229 / $225Sq Ft1,098 / 1,018DOM86 / 67New2Total42
Land
Avg/Median Price$702,500 / $580,000Range$580,000 – $825,000Price per Sq Ft—Sq Ft—DOM238 / 164New0Total2
Manufactured
Avg/Median Price$105,000 / $85,000Range$85,000 – $125,000Price per Sq Ft$109 / $82Sq Ft978 / 924DOM213 / 62New0Total2
Multi-Family
Avg/Median Price$1,388,000 / $844,000Range$725,000 – $2,595,000Price per Sq Ft$261 / $250Sq Ft5,487 / 3,722DOM48 / 9New1Total3
Single Family
Avg/Median Price$626,347 / $619,331Range$449,500 – $999,900Price per Sq Ft$339 / $334Sq Ft1,953 / 1,839DOM41 / 23New8Total70
Townhouse
Avg/Median Price$378,688 / $385,000Range$298,000 – $500,000Price per Sq Ft$257 / $265Sq Ft1,489 / 1,446DOM70 / 62New0Total17
Sales by Bedroom Count
1 Beds
Avg:$160,186Median:$164,900Range:$115,000 – $217,500PSF:$228 / $215Sq Ft:703 / 726DOM:97 / 92New:0Total:7
2 Beds
Avg:$329,300Median:$250,000Range:$125,000 – $2,595,000PSF:$241 / $243Sq Ft:1,364 / 1,052DOM:83 / 66New:1Total:38
3 Beds
Avg:$500,379Median:$509,900Range:$85,000 – $999,900PSF:$328 / $342Sq Ft:1,569 / 1,521DOM:51 / 32New:7Total:55
4 Beds
Avg:$689,657Median:$685,000Range:$399,900 – $880,000PSF:$298 / $297Sq Ft:2,385 / 2,370DOM:49 / 14New:3Total:28
5 Beds
Avg:$733,438Median:$709,900Range:$634,900 – $869,950PSF:$273 / $277Sq Ft:2,680 / 2,560DOM:30 / 29New:0Total:4
6 Beds
Avg:$669,900Median:$669,900Range:$669,900 – $669,900PSF:$286 / $286Sq Ft:2,340 / 2,340DOM:61 / 61New:0Total:1
8 Beds
Avg:$844,000Median:$844,000Range:$844,000 – $844,000PSF:$227 / $227Sq Ft:3,722 / 3,722DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $160,186 | $164,900 | $115,000 – $217,500 | $228 / $215 | 703 / 726 | 97 / 92 | 0 | 7 |
| 2 Beds | $329,300 | $250,000 | $125,000 – $2,595,000 | $241 / $243 | 1,364 / 1,052 | 83 / 66 | 1 | 38 |
| 3 Beds | $500,379 | $509,900 | $85,000 – $999,900 | $328 / $342 | 1,569 / 1,521 | 51 / 32 | 7 | 55 |
| 4 Beds | $689,657 | $685,000 | $399,900 – $880,000 | $298 / $297 | 2,385 / 2,370 | 49 / 14 | 3 | 28 |
| 5 Beds | $733,438 | $709,900 | $634,900 – $869,950 | $273 / $277 | 2,680 / 2,560 | 30 / 29 | 0 | 4 |
| 6 Beds | $669,900 | $669,900 | $669,900 – $669,900 | $286 / $286 | 2,340 / 2,340 | 61 / 61 | 0 | 1 |
| 8 Beds | $844,000 | $844,000 | $844,000 – $844,000 | $227 / $227 | 3,722 / 3,722 | — | 0 | 1 |
Rental Market Overview
Median Rent
$1,650
0.0%
Median DOM
1
0.0%
New Listings
121
Inventory
229
+11.2%
- Average Rent: $1,773
- Median Rent: $1,650
- Rent Range: $725 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 960 / 906
- Square Footage Range: 575 – 3,814
- Days on Market (Avg/Median): 14 / 1
- Days on Market Range: 1 – 322
- New Listings: 121
- Total Listings: 229
Rentals by Property Type
Apartment
$1,640
Median DOM: 1
Inventory: 186
MoM: 0.0%
Condo
$1,550
Median DOM: 1
Inventory: 6
MoM: 0.0%
Single Family
$2,495
Median DOM: 1
Inventory: 30
MoM: 0.0%
Townhouse
$1,650
Median DOM: 1
Inventory: 5
MoM: 0.0%
Apartment
Avg/Median Rent$1,674 / $1,640Range$1,125 – $3,199Rent per Sq Ft$2 / $2Sq Ft878 / 896DOM16 / 1New101Total186
Condo
Avg/Median Rent$1,705 / $1,550Range$1,449 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,051 / 950DOM4 / 1New4Total6
Multi-Family
Avg/Median Rent$2,135 / $1,975Range$1,975 – $2,295Rent per Sq Ft$2 / $1Sq Ft1,446 / 1,052DOM4 / 1New2Total2
Single Family
Avg/Median Rent$2,351 / $2,495Range$725 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,407 / 1,367DOM5 / 1New11Total30
Townhouse
Avg/Median Rent$1,907 / $1,650Range$1,500 – $2,495Rent per Sq Ft$2 / $2Sq Ft1,220 / 1,232DOM1 / 1New3Total5
Rentals by Bedroom Count
1 Beds
Avg:$1,518Median:$1,552Range:$725 – $2,029PSF:$2 / $2Sq Ft:689 / 700DOM:31 / 1New:35Total:69
2 Beds
Avg:$1,723Median:$1,699Range:$1,299 – $2,495PSF:$2 / $2Sq Ft:944 / 910DOM:8 / 1New:74Total:129
3 Beds
Avg:$2,420Median:$2,455Range:$1,500 – $3,199PSF:$2 / $2Sq Ft:1,392 / 1,346DOM:3 / 1New:10Total:23
4 Beds
Avg:$3,106Median:$2,995Range:$2,800 – $3,500PSF:$2 / $2Sq Ft:1,884 / 1,882DOM:21 / 1New:2Total:6
6 Beds
Avg:$3,295Median:$3,295Range:$3,295 – $3,295PSF:$1 / $1Sq Ft:2,600 / 2,600DOM:1 / 1New:0Total:1
8 Beds
Avg:$1,345Median:$1,345Range:$1,345 – $1,345PSF:$0 / $0Sq Ft:3,814 / 3,814DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,518 | $1,552 | $725 – $2,029 | $2 / $2 | 689 / 700 | 31 / 1 | 35 | 69 |
| 2 Beds | $1,723 | $1,699 | $1,299 – $2,495 | $2 / $2 | 944 / 910 | 8 / 1 | 74 | 129 |
| 3 Beds | $2,420 | $2,455 | $1,500 – $3,199 | $2 / $2 | 1,392 / 1,346 | 3 / 1 | 10 | 23 |
| 4 Beds | $3,106 | $2,995 | $2,800 – $3,500 | $2 / $2 | 1,884 / 1,882 | 21 / 1 | 2 | 6 |
| 6 Beds | $3,295 | $3,295 | $3,295 – $3,295 | $1 / $1 | 2,600 / 2,600 | 1 / 1 | 0 | 1 |
| 8 Beds | $1,345 | $1,345 | $1,345 – $1,345 | $0 / $0 | 3,814 / 3,814 | — | 0 | 1 |
6-Month Sales Trend
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:$499,000Median DOM:41New:28Total:140
Aug 2026
Median Price:$495,000Median DOM:45New:11Total:136
6-Month Rental Trend
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:128Total:206
Aug 2026
Median Rent:$1,650Median DOM:1New:121Total:229
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower 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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