ZIP 97034 Housing Market Report
Portland Metro
Report period: July 2026
97034 Monthly Market Update – July 2026
ZIP 97034 · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$1,425,000
−1.7%
Median DOM (Sales)
64
+6.7%
New Listings (Sales)
18
−69.5%
Median Rent
$2,695
+1.2%
Median DOM (Rental)
1
0.0%
Total Rental Listings
90
+11.1%
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 (51 DOM)
- Fastest renting: Apartment (1 DOM)
- Strongest bedroom: 6 Beds ($4,140,000 median)
Sales Market Overview
Median Price
$1,425,000
−1.7%
Median DOM
64
+6.7%
New Listings
18
−69.5%
Inventory
276
+0.7%
- Average Price: $1,807,472
- Median Price: $1,425,000
- Price Range: $250,000 – $7,495,000
- Price per Sq Ft (Avg/Median): $550 / $494
- Square Footage (Avg/Median): 3,248 / 3,160
- Square Footage Range: 700 – 9,124
- Days on Market (Avg/Median): 79 / 64
- Days on Market Range: 1 – 360
- New Listings: 18
- Total Listings: 276
Sales by Property Type
Condo
Avg/Median Price$883,555 / $650,000Range$309,900 – $2,299,999Price per Sq Ft$575 / $462Sq Ft1,485 / 1,305DOM98 / 84New1Total33
Land
Avg/Median Price$1,361,352 / $1,325,000Range$250,000 – $5,500,000Price per Sq Ft—Sq Ft—DOM171 / 129New0Total21
Single Family
Avg/Median Price$2,018,786 / $1,595,000Range$489,000 – $7,495,000Price per Sq Ft$549 / $503Sq Ft3,557 / 3,413DOM69 / 51New16Total217
Townhouse
Avg/Median Price$607,980 / $650,000Range$425,000 – $750,000Price per Sq Ft$422 / $425Sq Ft1,487 / 1,392DOM63 / 59New1Total5
Sales by Bedroom Count
1 Beds
Avg:$442,300Median:$342,000Range:$309,900 – $675,000PSF:$585 / $447Sq Ft:788 / 765DOM:120 / 100New:0Total:3
2 Beds
Avg:$810,869Median:$625,000Range:$350,000 – $2,299,999PSF:$583 / $525Sq Ft:1,320 / 1,205DOM:87 / 79New:0Total:35
3 Beds
Avg:$1,390,578Median:$998,000Range:$435,000 – $5,998,000PSF:$552 / $489Sq Ft:2,453 / 2,172DOM:58 / 44New:10Total:62
4 Beds
Avg:$2,093,326Median:$1,695,000Range:$650,000 – $7,495,000PSF:$544 / $492Sq Ft:3,667 / 3,570DOM:65 / 47New:5Total:98
5 Beds
Avg:$2,396,038Median:$1,839,000Range:$950,000 – $5,695,000PSF:$528 / $469Sq Ft:4,404 / 4,017DOM:83 / 77New:3Total:48
6 Beds
Avg:$3,799,433Median:$4,140,000Range:$1,195,000 – $6,295,000PSF:$577 / $665Sq Ft:6,326 / 6,075DOM:145 / 100New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $442,300 | $342,000 | $309,900 – $675,000 | $585 / $447 | 788 / 765 | 120 / 100 | 0 | 3 |
| 2 Beds | $810,869 | $625,000 | $350,000 – $2,299,999 | $583 / $525 | 1,320 / 1,205 | 87 / 79 | 0 | 35 |
| 3 Beds | $1,390,578 | $998,000 | $435,000 – $5,998,000 | $552 / $489 | 2,453 / 2,172 | 58 / 44 | 10 | 62 |
| 4 Beds | $2,093,326 | $1,695,000 | $650,000 – $7,495,000 | $544 / $492 | 3,667 / 3,570 | 65 / 47 | 5 | 98 |
| 5 Beds | $2,396,038 | $1,839,000 | $950,000 – $5,695,000 | $528 / $469 | 4,404 / 4,017 | 83 / 77 | 3 | 48 |
| 6 Beds | $3,799,433 | $4,140,000 | $1,195,000 – $6,295,000 | $577 / $665 | 6,326 / 6,075 | 145 / 100 | 0 | 9 |
Rental Market Overview
Median Rent
$2,695
+1.2%
Median DOM
1
0.0%
New Listings
49
Inventory
90
+11.1%
- Average Rent: $3,275
- Median Rent: $2,695
- Rent Range: $1,250 – $7,800
- Rent per Sq Ft (Avg/Median): $3 / $2
- Square Footage (Avg/Median): 1,415 / 1,289
- Square Footage Range: 475 – 3,800
- Days on Market (Avg/Median): 7 / 1
- Days on Market Range: 1 – 182
- New Listings: 49
- Total Listings: 90
Rentals by Property Type
Apartment
$2,500
Median DOM: 1
Inventory: 64
MoM: +1.2%
Condo
$2,200
Median DOM: 17
Inventory: 2
MoM: +1.2%
Single Family
$4,345
Median DOM: 1
Inventory: 24
MoM: +1.2%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +1.2%
Apartment
Avg/Median Rent$2,816 / $2,500Range$1,250 – $7,800Rent per Sq Ft$3 / $2Sq Ft1,064 / 977DOM6 / 1New38Total64
Condo
Avg/Median Rent$2,400 / $2,200Range$2,200 – $2,600Rent per Sq Ft$2 / $2Sq Ft1,172 / 1,040DOM17 / 17New0Total2
Single Family
Avg/Median Rent$4,572 / $4,345Range$2,595 – $7,500Rent per Sq Ft$2 / $2Sq Ft2,371 / 2,112DOM10 / 1New11Total24
Rentals by Bedroom Count
Studio
Avg:$1,325Median:$1,325Range:$1,325 – $1,325PSF:$3 / $3Sq Ft:475 / 475DOM:—New:0Total:1
1 Beds
Avg:$2,341Median:$2,399Range:$1,250 – $3,410PSF:$3 / $3Sq Ft:846 / 922DOM:11 / 1New:21Total:32
2 Beds
Avg:$3,198Median:$2,589Range:$2,045 – $7,800PSF:$3 / $2Sq Ft:1,280 / 1,289DOM:2 / 1New:16Total:34
3 Beds
Avg:$4,496Median:$4,000Range:$2,595 – $7,500PSF:$2 / $2Sq Ft:1,987 / 1,864DOM:14 / 1New:5Total:14
4 Beds
Avg:$5,128Median:$4,995Range:$3,799 – $7,500PSF:$2 / $2Sq Ft:3,042 / 3,289DOM:1 / 1New:5Total:5
5 Beds
Avg:$5,295Median:$4,580Range:$4,100 – $7,000PSF:$2 / $2Sq Ft:3,305 / 3,329DOM:1 / 1New:2Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,325 | $1,325 | $1,325 – $1,325 | $3 / $3 | 475 / 475 | — | 0 | 1 |
| 1 Beds | $2,341 | $2,399 | $1,250 – $3,410 | $3 / $3 | 846 / 922 | 11 / 1 | 21 | 32 |
| 2 Beds | $3,198 | $2,589 | $2,045 – $7,800 | $3 / $2 | 1,280 / 1,289 | 2 / 1 | 16 | 34 |
| 3 Beds | $4,496 | $4,000 | $2,595 – $7,500 | $2 / $2 | 1,987 / 1,864 | 14 / 1 | 5 | 14 |
| 4 Beds | $5,128 | $4,995 | $3,799 – $7,500 | $2 / $2 | 3,042 / 3,289 | 1 / 1 | 5 | 5 |
| 5 Beds | $5,295 | $4,580 | $4,100 – $7,000 | $2 / $2 | 3,305 / 3,329 | 1 / 1 | 2 | 4 |
6-Month Sales Trend
Feb 2026
Median Price:$1,450,000Median DOM:49New:51Total:185
Mar 2026
Median Price:$1,475,000Median DOM:46New:50Total:201
Apr 2026
Median Price:$1,395,000Median DOM:42New:69Total:239
May 2026
Median Price:$1,475,000Median DOM:46New:59Total:261
Jun 2026
Median Price:$1,450,000Median DOM:60New:59Total:274
Jul 2026
Median Price:$1,425,000Median DOM:64New:18Total:276
6-Month Rental Trend
Feb 2026
Median Rent:$2,895Median DOM:1New:21Total:51
Mar 2026
Median Rent:$2,850Median DOM:1New:17Total:39
Apr 2026
Median Rent:$2,631Median DOM:1New:52Total:74
May 2026
Median Rent:$2,591Median DOM:1New:50Total:80
Jun 2026
Median Rent:$2,664Median DOM:1New:52Total:81
Jul 2026
Median Rent:$2,695Median DOM:1New:49Total:90
Key Market Takeaways
Median sale prices softened this month while inventory expanded. 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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