ZIP 97027 Housing Market Report
Portland Metro
Report period: August 2026
97027 Monthly Market Update – August 2026
ZIP 97027 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$530,000
+1.9%
Median DOM (Sales)
32
−39.6%
New Listings (Sales)
8
+33.3%
Median Rent
$1,585
−0.6%
Median DOM (Rental)
1
0.0%
Total Rental Listings
36
−2.7%
Month-over-Month Movement
Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (26 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 5 Beds ($625,000 median)
Sales Market Overview
Median Price
$530,000
+1.9%
Median DOM
32
−39.6%
New Listings
8
+33.3%
Inventory
40
+14.3%
- Average Price: $546,034
- Median Price: $530,000
- Price Range: $275,000 – $925,000
- Price per Sq Ft (Avg/Median): $305 / $284
- Square Footage (Avg/Median): 1,952 / 1,996
- Square Footage Range: 607 – 3,550
- Days on Market (Avg/Median): 50 / 32
- Days on Market Range: 1 – 206
- New Listings: 8
- Total Listings: 40
Sales by Property Type
Condo
Avg/Median Price$295,000 / $295,000Range$295,000 – $295,000Price per Sq Ft$287 / $287Sq Ft1,028 / 1,028DOM145 / 145New0Total1
Multi-Family
Avg/Median Price$644,950 / $600,000Range$600,000 – $689,900Price per Sq Ft$263 / $257Sq Ft2,460 / 2,240DOM134 / 62New0Total2
Single Family
Avg/Median Price$547,472 / $530,000Range$275,000 – $925,000Price per Sq Ft$308 / $290Sq Ft1,949 / 1,996DOM43 / 26New8Total37
Sales by Bedroom Count
2 Beds
Avg:$368,000Median:$375,000Range:$275,000 – $480,000PSF:$391 / $314Sq Ft:1,069 / 876DOM:53 / 48New:2Total:5
3 Beds
Avg:$523,359Median:$499,000Range:$400,000 – $689,900PSF:$335 / $348Sq Ft:1,641 / 1,466DOM:44 / 26New:2Total:17
4 Beds
Avg:$611,957Median:$600,000Range:$370,000 – $925,000PSF:$257 / $258Sq Ft:2,431 / 2,320DOM:42 / 25New:4Total:15
5 Beds
Avg:$662,450Median:$625,000Range:$625,000 – $699,900PSF:$218 / $205Sq Ft:3,063 / 2,710DOM:80 / 42New:0Total:2
6 Beds
Avg:$600,000Median:$600,000Range:$600,000 – $600,000PSF:$268 / $268Sq Ft:2,240 / 2,240DOM:206 / 206New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $368,000 | $375,000 | $275,000 – $480,000 | $391 / $314 | 1,069 / 876 | 53 / 48 | 2 | 5 |
| 3 Beds | $523,359 | $499,000 | $400,000 – $689,900 | $335 / $348 | 1,641 / 1,466 | 44 / 26 | 2 | 17 |
| 4 Beds | $611,957 | $600,000 | $370,000 – $925,000 | $257 / $258 | 2,431 / 2,320 | 42 / 25 | 4 | 15 |
| 5 Beds | $662,450 | $625,000 | $625,000 – $699,900 | $218 / $205 | 3,063 / 2,710 | 80 / 42 | 0 | 2 |
| 6 Beds | $600,000 | $600,000 | $600,000 – $600,000 | $268 / $268 | 2,240 / 2,240 | 206 / 206 | 0 | 1 |
Rental Market Overview
Median Rent
$1,585
−0.6%
Median DOM
1
0.0%
New Listings
13
Inventory
36
−2.7%
- Average Rent: $1,712
- Median Rent: $1,585
- Rent Range: $1,329 – $3,295
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 863 / 775
- Square Footage Range: 354 – 2,400
- Days on Market (Avg/Median): 22 / 1
- Days on Market Range: 1 – 314
- New Listings: 13
- Total Listings: 36
Rentals by Property Type
Apartment
$1,495
Median DOM: 1
Inventory: 29
MoM: −0.6%
Condo
—
Median DOM: —
Inventory: —
MoM: −0.6%
Single Family
$2,395
Median DOM: 1
Inventory: 6
MoM: −0.6%
Townhouse
$1,595
Median DOM: 243
Inventory: 1
MoM: −0.6%
Apartment
Avg/Median Rent$1,550 / $1,495Range$1,329 – $1,950Rent per Sq Ft$2 / $2Sq Ft765 / 775DOM18 / 1New11Total29
Single Family
Avg/Median Rent$2,514 / $2,395Range$1,595 – $3,295Rent per Sq Ft$2 / $2Sq Ft1,335 / 1,077DOM1 / 1New2Total6
Townhouse
Avg/Median Rent$1,595 / $1,595Range$1,595 – $1,595Rent per Sq Ft$2 / $2Sq Ft780 / 780DOM243 / 243New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,425Median:$1,425Range:$1,425 – $1,425PSF:$4 / $4Sq Ft:354 / 354DOM:—New:0Total:1
1 Beds
Avg:$1,501Median:$1,585Range:$1,329 – $1,590PSF:$2 / $2Sq Ft:696 / 760DOM:314 / 314New:0Total:3
2 Beds
Avg:$1,635Median:$1,545Range:$1,495 – $2,800PSF:$2 / $2Sq Ft:816 / 775DOM:13 / 1New:12Total:29
3 Beds
Avg:$2,765Median:$2,649Range:$2,350 – $3,295PSF:$2 / $2Sq Ft:1,641 / 1,459DOM:1 / 1New:1Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,425 | $1,425 | $1,425 – $1,425 | $4 / $4 | 354 / 354 | — | 0 | 1 |
| 1 Beds | $1,501 | $1,585 | $1,329 – $1,590 | $2 / $2 | 696 / 760 | 314 / 314 | 0 | 3 |
| 2 Beds | $1,635 | $1,545 | $1,495 – $2,800 | $2 / $2 | 816 / 775 | 13 / 1 | 12 | 29 |
| 3 Beds | $2,765 | $2,649 | $2,350 – $3,295 | $2 / $2 | 1,641 / 1,459 | 1 / 1 | 1 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$535,000Median DOM:29New:13Total:45
Apr 2026
Median Price:$525,000Median DOM:21New:19Total:49
May 2026
Median Price:$519,950Median DOM:18New:14Total:45
Jun 2026
Median Price:$500,000Median DOM:27New:10Total:42
Jul 2026
Median Price:$519,950Median DOM:53New:6Total:35
Aug 2026
Median Price:$530,000Median DOM:32New:8Total:40
6-Month Rental Trend
Mar 2026
Median Rent:$1,850Median DOM:1New:4Total:26
Apr 2026
Median Rent:$1,580Median DOM:1New:15Total:30
May 2026
Median Rent:$1,585Median DOM:1New:12Total:29
Jun 2026
Median Rent:$1,580Median DOM:1New:18Total:33
Jul 2026
Median Rent:$1,595Median DOM:1New:19Total:37
Aug 2026
Median Rent:$1,585Median DOM:1New:13Total:36
Key Market Takeaways
Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving 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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