ZIP 97027 Housing Market Report
Portland Metro
Report period: May 2026
97027 Monthly Market Update – May 2026
ZIP 97027 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$524,900
−0.0%
Median DOM (Sales)
24
+14.3%
New Listings (Sales)
2
−89.5%
Median Rent
$1,580
0.0%
Median DOM (Rental)
1
0.0%
Total Rental Listings
27
−10.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents were stable. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Manufactured (5 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($600,000 median)
Sales Market Overview
Median Price
$524,900
−0.0%
Median DOM
24
+14.3%
New Listings
2
−89.5%
Inventory
45
−8.2%
- Average Price: $509,861
- Median Price: $524,900
- Price Range: $48,750 – $725,000
- Price per Sq Ft (Avg/Median): $280 / $292
- Square Footage (Avg/Median): 1,895 / 1,752
- Square Footage Range: 672 – 3,550
- Days on Market (Avg/Median): 43 / 24
- Days on Market Range: 2 – 339
- New Listings: 2
- Total Listings: 45
Sales by Property Type
Condo
Avg/Median Price$388,690 / $379,900Range$300,000 – $489,960Price per Sq Ft$318 / $284Sq Ft1,229 / 1,182DOM85 / 55New0Total4
Land
Avg/Median Price$475,000 / $475,000Range$475,000 – $475,000Price per Sq Ft—Sq Ft—DOM89 / 89New0Total1
Manufactured
Avg/Median Price$63,625 / $48,750Range$48,750 – $78,500Price per Sq Ft$85 / $54Sq Ft786 / 672DOM60 / 5New1Total2
Multi-Family
Avg/Median Price$600,000 / $600,000Range$600,000 – $600,000Price per Sq Ft$268 / $268Sq Ft2,240 / 2,240DOM116 / 116New0Total1
Single Family
Avg/Median Price$545,588 / $535,000Range$265,000 – $725,000Price per Sq Ft$287 / $300Sq Ft2,017 / 1,919DOM35 / 19New1Total37
Sales by Bedroom Count
1 Beds
Avg:$48,750Median:$48,750Range:$48,750 – $48,750PSF:$54 / $54Sq Ft:900 / 900DOM:115 / 115New:0Total:1
2 Beds
Avg:$422,367Median:$439,000Range:$78,500 – $575,000PSF:$301 / $304Sq Ft:1,469 / 1,444DOM:62 / 32New:1Total:9
3 Beds
Avg:$525,491Median:$524,900Range:$379,900 – $690,000PSF:$305 / $311Sq Ft:1,766 / 1,746DOM:37 / 24New:0Total:21
4 Beds
Avg:$599,340Median:$599,900Range:$489,900 – $699,900PSF:$260 / $259Sq Ft:2,371 / 2,170DOM:24 / 6New:1Total:10
5 Beds
Avg:$495,000Median:$265,000Range:$265,000 – $725,000PSF:$154 / $96Sq Ft:3,095 / 2,774DOM:23 / 14New:0Total:2
6 Beds
Avg:$600,000Median:$600,000Range:$600,000 – $600,000PSF:$268 / $268Sq Ft:2,240 / 2,240DOM:116 / 116New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $48,750 | $48,750 | $48,750 – $48,750 | $54 / $54 | 900 / 900 | 115 / 115 | 0 | 1 |
| 2 Beds | $422,367 | $439,000 | $78,500 – $575,000 | $301 / $304 | 1,469 / 1,444 | 62 / 32 | 1 | 9 |
| 3 Beds | $525,491 | $524,900 | $379,900 – $690,000 | $305 / $311 | 1,766 / 1,746 | 37 / 24 | 0 | 21 |
| 4 Beds | $599,340 | $599,900 | $489,900 – $699,900 | $260 / $259 | 2,371 / 2,170 | 24 / 6 | 1 | 10 |
| 5 Beds | $495,000 | $265,000 | $265,000 – $725,000 | $154 / $96 | 3,095 / 2,774 | 23 / 14 | 0 | 2 |
| 6 Beds | $600,000 | $600,000 | $600,000 – $600,000 | $268 / $268 | 2,240 / 2,240 | 116 / 116 | 0 | 1 |
Rental Market Overview
Median Rent
$1,580
0.0%
Median DOM
1
0.0%
New Listings
9
Inventory
27
−10.0%
- Average Rent: $1,837
- Median Rent: $1,580
- Rent Range: $1,300 – $3,500
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 958 / 775
- Square Footage Range: 400 – 2,168
- Days on Market (Avg/Median): 56 / 1
- Days on Market Range: 1 – 353
- New Listings: 9
- Total Listings: 27
Rentals by Property Type
Apartment
$1,495
Median DOM: 1
Inventory: 18
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$2,800
Median DOM: 1
Inventory: 7
MoM: 0.0%
Townhouse
$1,550
Median DOM: 1
Inventory: 2
MoM: 0.0%
Apartment
Avg/Median Rent$1,568 / $1,495Range$1,395 – $1,995Rent per Sq Ft$2 / $2Sq Ft791 / 775DOM73 / 1New8Total18
Single Family
Avg/Median Rent$2,521 / $2,800Range$1,300 – $3,500Rent per Sq Ft$2 / $2Sq Ft1,372 / 1,358DOM1 / 1New1Total7
Townhouse
Avg/Median Rent$1,875 / $1,550Range$1,550 – $2,200Rent per Sq Ft$2 / $2Sq Ft1,015 / 780DOM80 / 1New0Total2
Rentals by Bedroom Count
1 Beds
Avg:$1,486Median:$1,569Range:$1,300 – $1,585PSF:$2 / $2Sq Ft:665 / 680DOM:234 / 347New:1Total:5
2 Beds
Avg:$1,576Median:$1,495Range:$1,455 – $1,995PSF:$2 / $2Sq Ft:806 / 775DOM:34 / 1New:8Total:15
3 Beds
Avg:$2,430Median:$2,399Range:$1,800 – $2,950PSF:$2 / $2Sq Ft:1,357 / 1,350DOM:1 / 1New:0Total:5
4 Beds
Avg:$3,198Median:$2,895Range:$2,895 – $3,500PSF:$2 / $2Sq Ft:1,834 / 1,500DOM:1 / 1New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,486 | $1,569 | $1,300 – $1,585 | $2 / $2 | 665 / 680 | 234 / 347 | 1 | 5 |
| 2 Beds | $1,576 | $1,495 | $1,455 – $1,995 | $2 / $2 | 806 / 775 | 34 / 1 | 8 | 15 |
| 3 Beds | $2,430 | $2,399 | $1,800 – $2,950 | $2 / $2 | 1,357 / 1,350 | 1 / 1 | 0 | 5 |
| 4 Beds | $3,198 | $2,895 | $2,895 – $3,500 | $2 / $2 | 1,834 / 1,500 | 1 / 1 | 0 | 2 |
6-Month Sales Trend
Dec 2025
Median Price:$539,000Median DOM:51New:6Total:42
Jan 2026
Median Price:$479,000Median DOM:51New:15Total:42
Feb 2026
Median Price:$525,000Median DOM:36New:10Total:45
Mar 2026
Median Price:$535,000Median DOM:29New:13Total:45
Apr 2026
Median Price:$525,000Median DOM:21New:19Total:49
May 2026
Median Price:$524,900Median DOM:24New:2Total:45
6-Month Rental Trend
Dec 2025
Median Rent:$1,745Median DOM:15New:11Total:25
Jan 2026
Median Rent:$1,795Median DOM:16New:10Total:28
Feb 2026
Median Rent:$1,950Median DOM:1New:9Total:29
Mar 2026
Median Rent:$1,850Median DOM:1New:4Total:26
Apr 2026
Median Rent:$1,580Median DOM:1New:15Total:30
May 2026
Median Rent:$1,580Median DOM:1New:9Total:27
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 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.
970059700697007970089702497027970309703497035970609706297068970709720197202972039720497205972069720997210972119721297213972149721597216972179721897219+14 more
← Back to Portland Metro